Friday, February 18, 2011

North Bethesda's Rock Spring Centre is Back in Action, For Now

Last night, the Montgomery County Planning Board gave the go-ahead for the final phase of Rock Spring Centre, a massive mixed-use development that will include nine buildings on the 54 acre tract in North Bethesda. DRI Development will navigate the project that's to house a hotel, retail, office, and residential space in a town center located on in the north east quadrant of the intersection of Rockledge Drive and Rockspring Drive in the Garrett Park area of the city.

This isn't a new project, it's a redo of the last phase of a multi-stage development: the first phase began in 1997, with the creation of 390-residential unit, Avalon Bay; the second phase introduced a 352-unit Rock Spring Centre residential towers - approved but not yet built; and the third phase would have been the creation of Canyon Ranch spa, which was canceled in 2006. DRI has been shepherding the project since 2008, at which time it was shelved as a result of the economic downturn.

Last night's meeting was an amendment to the 2008 plans, which shifted 10,000 s.f. retail to office space and tabled plans for a community center. By the numbers, the 1.3 million s.f. project looks like this:
  • 590,000 s.f. office space
  • 210,000 s.f. retail
  • 90,000 s.f. entertainment use space
  • 200,000 s.f. hotel, 200 rooms
  • 1250 residences

Sandra Pereira, Montgomery County Lead Reviewer for the project, says that financing and permits will determine when they'll break ground. That may not be for a while.

Bethesda, Maryland Real Estate News


PJS on Feb 21, 2011, 12:01:00 AM said...

Looks like a theme park! plen ty smith e

Anonymous said...

What do you mean "For Now"???????????

How apple pay works with passbook? on Nov 1, 2014, 2:34:00 AM said...

Wow i can say that this is another great article as expected of this blog.Bookmarked this site.

Gujjar rehman on Nov 20, 2014, 10:34:00 PM said...

The only sad part about moving away from Maryland recently, was having to leave ProFIT. Now in my search for a new Zumba class, surf camp Costa Rica

petsmart coupons on Dec 5, 2014, 4:02:00 AM said...

Thanks for the article! Look, I found lots of interesting information here.petsmart coupons

steve7876 on Dec 28, 2014, 12:41:00 AM said...

Wonderful blog post. I really appreciate the quality of your work here. Thanks so much for sharing such a valuable information with the rest of the world.galapagosholidays

shahbaz on Jan 15, 2015, 4:56:00 AM said...

I wanted to thank you for this great read!! I definitely enjoyed every little bit of it. I have you bookmarked to check out new stuff on your post. vietnam tour

shahbaz on Feb 7, 2015, 3:50:00 AM said...

I really like the dear information you offer in your articles. I’m able to bookmark your site and show the kids check out up here generally. Im fairly positive theyre likely to be informed a great deal of new stuff here than anyone else! Watercolor real estate

dolor de cabeza on Feb 26, 2015, 6:47:00 AM said...

You shared this as a best way and easiest way for everyone to understand it and I appreciate it.dolor de cabeza


DCmud - The Urban Real Estate Digest of Washington DC Copyright © 2008 Black Brown Pop Template by Ipiet's Blogger Template