Monday, May 17, 2010

Breaking Ground, Nuclear-style

Today marks the groundbreaking for the new U.S. Nuclear Regulatory Commission (NRC) building at North Bethesda Center/White Flint Metro. Approximately 1,500 NRC employees will occupy the new 14-story building, across from the NRC campus, which has been designed by HOK to meet LEED Silver certification.

About a year ago, LCOR, in a partnership with USAA Real Estate Co., won out over several competitors for the opportunity to build the project for the General Services Administration and in October signed a lease that will make the new building home to the U.S. Nuclear Regulatory Commission for at least 15 years.

The new government building will join LCOR's residential project, Wentworth House, which delivered in 2008. That project brought 312 units and a brand new Harris Teeter to North Bethesda, on a 32-acre site approximately halfway between downtown Bethesda and downtown Rockville. In total, LCOR's project are to bring eight highrise buildings to the area, encompassing eight city blocks (when subdivided), and will include 1,274 apartments at its completion, but little has happened on the site, which remains nearly in the state as it was when it served as a golf course.

The $131 million development is expected to take 27 months and building completion is expected in August 2012.

North Bethesda real estate development news


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