Regency Neighborhood in Ashburn Targets Data Center Developer Sale
In 2024, the Regency neighborhood in Ashburn, Virginia, proposed selling 143 homes to a data center developer for over $500 million, at approximately $4.4 million per acre. This move aims to capitalize on the data center boom while addressing local infrastructure and community concerns.
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The Regency HOA, led by Mital Gandhi, seeks to sell the entire neighborhood to a developer for a data center project, targeting a sale valued at over $500 million. Northern Virginia's growing data center market has impacted local economies and residential dynamics, leading to increased housing prices and utility demands.
Residents express mixed feelings about the sale, balancing economic opportunities against potential disruptions. The proposal requires navigating zoning and infrastructure changes and may redefine urban planning in the region. Similar past transactions in Northern Virginia highlight the tension between technological development and community needs, with the outcome of this sale likely to influence the neighborhood's future significantly.
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