City of Falls Church:
“The developers of two major W. Broad St. projects within
blocks of each other have both made it clear to the Falls Church City Council that
the approval process needs to get going next month for their plans to remain
viable.
Spectrum Development, having secured all the parcels adding
up to a four-acre site at the northeastern corner of N. West and W. Broad
Streets in Falls Church, spelled out their latest plans for the site to a
meeting of the City Council’s Economic Development Committee Monday night, and
said they need the Council to begin approving their project by the second week
of February.
Developers of the Kensington, a proposed senior living
project slated to go on the three-quarters of an acre site of the current
Burger King on W. Broad, also need the Council to kick off the approval process
by the end of February, as was stressed at the same committee meeting Monday.
As of now, it is scheduled for a 'first reading' before the Council on February
10.
The time pressure for the Kensington is the greatest, as
developers have the land under contract only until April 1, and if the plan is
still uncertain by that date, the developers will have to relinquish control. That
means, among other things, that the Burger King people are poised to jump on
renewing a long-term lease at the site to keep it dedicated as an ungraded
Burger King for decades to come. New rules requiring fast food drive-throughs
to be on site no smaller than a full acre have made the current Burger King
location, grandfathered in, even more valuable.”
~ Writes Nicholas F. Benton of the Falls Church News-Press
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