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The Warren
Sentinel Article
date: November 03, 2005 Regional
developer targeted for Royal Phoenix By:
Roger Bianchini The
largest privately held real estate developer in the Washington , D.C.
metropolitan area has been selected as first choice to develop the
160-acre Royal Phoenix Business Park at the Avtex Superfund site. The
decision to move toward an agreement with Lerner Enterprises LLC was
made by a unanimous roll call vote of the board of directors of the
Front Royal-Warren County Economic Development Authority following a
brief closed session on Oct. 27, which followed four closed sessions
held the previous week with representatives of the final two candidates
vying to take over the business park project. EDA
Board Chairman John LaBarca called the vote “a significant
milestone” in the decade plus effort to redevelop what was once the
largest federal environmental disaster cleanup project in the nation. “This
site is unique in that it is a Superfund site and not only local
government, but the federal government, the state government all have a
lot of interest in seeing this site succeed,” LaBarca said. “Another
uniqueness of this site is its rebound from the closing of such an
important industry. Many
communities die when a industry that is so pivotal to the local economy
collapses. This community
didn’t, it rolled
up its sleeves and went to work on cleanup and redevelopment,” EDA
Executive Director Paul Carroll added.
Both LaBarca and Carroll said last week’s vote brings
reestablishment of the site as a crucial tax and job-generating
commercial entity one step closer to realization. Due
in part to ongoing cleanup efforts on the 467-acre Superfund site
LaBarca and Carroll estimated a 5- to 10-year phased -in time frame for
redevelopment of the Royal Phoenix Business Park.
The business park will abut a conservancy park being developed on
240-acres of site property fronting the South Fork of the Shenandoah
River. A combination of
factors, including the physical beauty of the surrounding location in
the Shenandoah Valley and its proximity to both Dulles International
Airport and Washington D.C., within 70 miles to the east, have been
cited by EDA officials during development of a conceptual plan for the
site. That
conceptual plan includes potential low impact commercial uses such as a
hotel/conference center, culinary institute, Virginia wines and crafts
center and international business development center.
The feasibility of that plan, which LaBarca said the board
remains committed to, will be among the issues discussed over the next
90 to 120 days as EDA officials work toward a sales agreement with
Lerner Enterprises. LaBarca
and Carroll said three factors not up for discussion are that
good-paying jobs, commercial tax revenue and little environmental impact
are generated at the site. Lerner
Vice President of Development Arthur Ficcillo said his company’s
policy is not to discuss specific development options “until such
times as we are certain of the direction they will take.” Among
“high-profile” Lerner projects listed on the company’s web site
are Tysons Corner Center, Tysons II and the Dulles Town Center. According to its wet site –
– the scope of Lerner’s
land development projects range from office and business parks, regional
malls and shopping centers, hotels, and mixed-use facilities to
residential development. Established
in 1952 the company continues as a family-owned and operated business
under the direction of its founder Theodore N. Lerner.
An affiliate of Lerner Corporation, Lerner Enterprises states
assets under management valued at over $1 billion, including more than
20 million square feet of commercial and retail property. “We
were excited by the opportunity to participate in a large parcel
redevelopment in Front Royal. Nevertheless,
it was the enthusiasm and foresight of the EDA, its Board, the Town of
Front Royal and Warren County that cemented our interest,” Lerner
Enterprises Feasability Manager Will Clark said after being informed his
company was the EDA’s first choice as a redevelopment partner.
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