Penzance, a DC-based real-estate firm, is offering a peek into its revitalization plans for Spring Park, an office park located at 455 and 475 Springpark Place.
The office park is located within a mile of the company’s planned major mixed-use neighborhood near the future Herndon Metro Station. The firm acquired 10 single-story buildings for $75 million nearly one year ago.
In an Aug. 5 presentation to the Town of Herndon’s Architectural Review Board, Penzance indicated it is looking into “revitalizing the whole site” and improving its connection to the Washington & Old Dominion Trail.
So far, Penzance has pitched exterior changes to four buildings: 450, 455, 465, 470, and 485. New exterior materials — like terraces with synthetic wood flooring and trimming, buffed cultured stone, and repainted entrances — are planned for several buildings. New signage and wayfinding are also planned, including a new monument sign at the main entrance.
The building that has the most visibility from Spring Street — building 450 — will have the most substantial changes, including a new terrace, metal cladding over parts of the building, a pergola, and new lights.
Building 485, which is located on the southeastern corner of the site, will also include a new terrace, metal awning, and other structural changes. Other modifications to the remaining buildings are minor, according to the application.
Penzance is also moving forward on its new mixed-use project at 555 Herndon Parkway. A suburban-style office building will be transformed into a high-rise office building with a residential tower. Retail space and a garage are also planned.