Though Bainbridge only recently acquired the land, the deal had been in the works for several years and came with the original SK&I designs and the county's approvals, leading Bainbridge to predict that demolition of the current retail stores would commence by the fall. The mid-block apartment building will feature a 20-foot wide pedestrian right of way connecting Fairmont St. with St. Elmo's Avenue with retail fronting both streets as well as the ped path, cutting the long block and giving the building a corner presence. At 174 feet plus mechanicals, The Monty - a name that current team will retain - will be slightly shorter than the 200 foot Clark building.
"It will be very tall for the area, so its going to be like a sculpture" said Senior Associate Federico Olivera-Sala. "It will be shaped in a way that will give it some articulation, it disintegrates as the building goes up, like a box at the bottom, but parts start to disappear as it rises. This is meant to animate the Skyline of Bethesda." The building will feature a gym and terrace on the 15th floor for fitness buffs that prefer a view, and four levels of below-grade parking.
The Monty will bring 200 rental units with 30 moderately priced dwelling units and should begin occupancy by early 2013, the first high-rise mixed-use project to be constructed under the Woodmont Sector Plan. The project owners hope to achieve LEED Silver certification; a minimum of LEED certified is required for projects in the area.
Bethesda, MD real estate development news