In the works since 2007, Silver Spring Park, formerly known as the Moda Vista Residences, is moving forward in the good graces of Montgomery County Planning Board after the board approved the developer's final Site Plan last week. Fenton Group, LLC's application offered a bet-hedging vision that includes office, retail, apartment, and hotel components. The local Silver-Spring firm, headed by Ulysses Glee, has some twenty years of residential development experience, but this ambitious project will be by far their most significant to date.
Fenton Street Market, will make way for a 59,870 s.f., 60-foot-tall Fairfield Inn & Suites hotel with 110 rooms, a 28,170 s.f. office building, and a 58-unit apartment building. A total of 9,234 s.f. ground floor retail will be split between the hotel and office building, while the hotel and apartment buildings will share underground parking facilities. Developers explained that the retail spaces will likely house boutique-sized businesses.
Gordon & Greenberg Architects provided architectural designs for the new buildings, while Burgess & Niple shouldered all of the site planning work. Developers expect another six months to finalize construction plans and secure building permits, with construction completion anticipated to arrive 12 to 18 months after the optimistic Spring 2011 groundbreaking.
Silver Spring, MD Real Estate Development News