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EDA discusses Corporate Research Center future, including possible 'virtual shell' buildings for quicker tenant occupancy
Summary
Montgomery County Economic Development Authority members discussed options to increase return on investment at the Corporate Research Center (CRC), including mixed-use redevelopment, multi-family or commercial uses in phase 2 and exploring a virtual shell building approach to speed tenant occupancy; no formal action was taken.
Montgomery County Economic Development Authority members reviewed options for the Corporate Research Center (CRC) and discussed using a "virtual shell building" approach and other development strategies to increase returns on county-owned property.
Staff reported the CRC’s first phase is currently fully occupied and that phase two still has multiple pads available for development. "They are trying to determine what way they want to go," a staff member said, describing options ranging from more local-serving retail or restaurants to flexible commercial or residential…
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