Monday, January 24, 2011

Gaithersburg Apartments Celebrate Start Tomorrow

Archstone will hold a ceremony tomorrow morning to celebrate the start of their "Archstone Olde Towne" project. The mixed-use development will replace several old buildings with a 389-unit, four-story apartment building with 15,000 s.f. of ground-floor, street-front retail. Preston Partnership designed the building, in a form intended to reflect historic Gaithersburg structures. Archstone broke ground on the project on December 30th, and has since changed the name from "Westchester Olde Towne."

The project is a block from the Gaithersburg MARC Rail Station, and will feature "beach-entry lagoon-style pool," "re-oxygenating fitness center," and in-house pet salon for sundry four-leggers. The Gazette reported that Archstone had contested Woodfield Investments' application for a nearby apartment building as a competitor for HUD funds, an appeal that was dismissed by the city, and which ended amicably with both projects approved by the city and both granted HUD funds; Archstone received an $89.9 million FHA insured Section 221(d)4 loan through CWCapital.

Archstone also started a 469-unit apartment in NoMa last summer, and maintains that it still has stated plans to break ground on CityCenter this spring.

Gaithersburg, MD, real estate development news


Anonymous said...

Does the design "reflect" historic Gaithersburg structures? If so, only in a circus mirror in which all the proportions are distorted, including quantity, since Gaithersburg has precious few actual older buildings, and most of those are small-scale.

Comparing the rendering to photos of actual historic buildings in the adjacent advertisements, the sad situation is revealed: Big moves--towers, pediments, etc.--are grossly exaggerated, whereas the crucial small moves--windows set back into deep openings, detail of ornamentation, stolidity of materials--are largely absent.

The basics of urban planning and location competent, however, which upgrades the overall analysis from "disaster" to "disappointing."

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