Showing posts with label Bethesda Row. Show all posts
Showing posts with label Bethesda Row. Show all posts

Sunday, December 09, 2012

Downtown Bethesda Project Heads Back to Planning Board

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Bethesda real estate development report - JBG project on Bethesda Row
A hotel is back on the boards for Woodmont East, the long-planned JBG Companies development on Bethesda Row, if the Montgomery County Planning Board accepts the latest amendments to allow redevelopment of an additional site -- Artery Plaza -- that is an existing 11-story office building at 7200 Wisconsin Ave.

New plans include a hotel with as many as 230 rooms along with additional retail and office space, to be considered by the planning board during the April 12 hearing. JBG nixed plans for a hotel in 2009 because of market trends, instead designating the area as office space.

The County already approved the Project Plan and Preliminary Plan in 2008, and approved an amendment to those plans in 2009.  JBG now proposes another amendment to allow additional development of an adjacent site. Total real estate development including new and existing space now could include the hotel, 81,165 s.f. of retail space, 755,739 s.f. of office space, and 210 residential units (with 12.5 percent MPDUs), according to the revised staff report prepared for the hearing. The additional property brings the site to 5.82 acres with 4.85 acres available for developing the more than 1.2 million square foot project.
Woodmont East - Bethesda projects by JBG and Federal Realty Investment Trust
2009 rendering of Woodmont East

Matthew Blocher, Senior Vice President at JBG, said the company is unable to discuss the project until after the hearing.

But according to the staff report, proposed construction will take place in three phases with some office and retail space created in all three phases. Residential units will be built in the first phase. The hotel will follow in the second phase. The third phase entails redeveloping the Artery building with two upper floors of office space and ground-floor retail.

Federal Realty Investment Trust (FRT), owners of half the Woodmont site, partnered with JBG for the development project designed by Shalom Baranes Architects.

The planning board is no stranger to Woodmont East proposals. The board first heard plans for the site in 2007, at which time it denied the application for further consideration of the project’s impact on Capital Crescent Trail. The developers agreed to reroute the path along Bethesda Avenue.

Other concerns included the impact on buildings already onsite. The new staff report states only a stand-alone restaurant and an office building fronting on Bethesda Avenue will be removed, while the Landmark theater will remain. Already approved plans call for third-phase construction of residential space to replace an existing parking deck.

Staff-recommended conditions on approval of the new amendments still include specific measures to keep the trail open during construction, provide an alternate route and install signs to guide trail users. Other conditions in the report require a green roof, LEED Rating Certification with an effort to achieve LEED Silver, and traffic mitigation measures. This will take place directly across the street from redevelopment of the parking lot into condos and apartments.

Bethesda, Maryland, real estate development news

Thursday, March 29, 2012

Bethesda Row Project Gets Start Date

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At last, Bethesda's downtown extension is on the calendar. After years of planning, including the past year of being thisclose to breaking ground, Montgomery County officials say that construction work on Lot 31 - the public-private StonebridgeCarras-PN Hoffman project extending Bethesda Row - will begin the week of April 9th.

The project was scheduled to be underway last summer, but last minute wrinkles have continually held up the kickoff. With a formal groundbreaking ceremony now on the books, the next steps should happen in quick succession, beginning with closing the corner parking lot (April 10) in which Bethesdans circle endlessly on weekend evenings, then leading to closure of Woodmont Avenue (now scheduled for June 1). The county posted a sign last month stating that the lot would close April 1, a date that is inching back as construction plans are finalized.

Stephanie Coppula, Director of Marketing and Communications at Bethesda Urban Partnership, confirms that a formal groundbreaking is planned in 2 weeks. Work on the development will cause a major rerouting of traffic through Bethesda, to the extent that the county has ordered the farmer's market on Elm Street to close, and reopen at Bethesda Elementary, a move the Action Committee for Transit calls unnecessary as it puts the popular market into "a commercial dead zone."

The project has been in design since 2004, but Doug Firstenberg, Principal at StonebridgeCarras, says the timing is indicative of a project this difficult. "It's enormously complicated" says the developer of the details that had to precede the groundbreaking, noting that the project will involve a purchase of public land with public partnership for building nearly 1200 parking spaces below grade.


Bethesda-based SK&I designed the mixed-use structure occupying both sides of Woodmont Avenue. The project will consist of 40,000 s. f. of retail, and two residential buildings - The Flats, 162-unit apartment complex, and the Darcy, an 88-unit condominium building. 940 of the parking spaces will be for public use, replacing the 280 parking spaces now on the surface (which caused its own tempest), as Bethesda adds parking and braces for two and a half years of construction and reduced parking options.

The county will close Woodmont Avenue below Bethesda Avenue for an estimated twenty months as developers realign the intersection. The sounds of construction will be
evident throughout Bethesda as the downtown - conspicuously lacking construction cranes of late - begins to look more like downtown D.C. with Bainbridge's 17-story tower underway in Woodmont Triangle and another 17-story tower coming soon across the street.

Bethesda, Maryland real estate development news

Friday, January 27, 2012

Bethesda Lot 31 Project Delayed (Again) Until February

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Groundbreaking for Lot 31, the public-private StonebridgeCarras-PN Hoffman project on Bethesda Row, in the works since 2004, missed its January target date after being delayed yet again. But lead developer Stonebridge and Montgomery County government officials say it's not because the project is flagging on the home stretch - nor was the delay a response to complaints from local businesses about the closure of the lots and of Woodmont Avenue during construction.

"Just paperwork," said Esther Bowring, Montgomery County public information officer. "The project is still very much full steam ahead. We just need to make sure all the paperwork, all the permits, are in place before we proceed."

Doug Firstenberg, principal at StonebridgeCarras, agreed. "The hard part, the financing [with Northwestern], is already done, we formally closed on that in late November. I'm not sure I would even use the term 'delay.' With a partnership of this magnitude, there are so many I's to dot and T's to cross, we just want to get all the documentation straight." StonebridgeCarras originally set a start date of last summer, then pushed that back to January of 2012.

The SK&I-designed Lot 31 project, which will straddle Woodmont Avenue, is a keystone of the ongoing revitalization of Woodmont Triangle. In addition to 40,000 s. f. of retail space, and two residential units - The Flats, 162-unit apartment complex, and the Darcy, an 88-unit condominium building - the project will also incorporate a massive underground parking garage of nearly 1200 spaces. Of these, around 940 are earmarked for public use, with the rest associated with the two residential buildings. Presently, Lots 31 and 31A offer just under 280 parking spaces, so the finished complex will represent an almost fourfold increase.

Growth comes at a price. The existing spaces will be unavailable once construction starts, and the new garage isn't projected to open until two and a half years from groundbreaking. In addition, a stretch of Woodmont below Bethesda Avenue is going to be closed for twenty months as developers correct the distorted 'x' of the intersection, prompting some local businesses to wonder if they can weather an extended period of (perhaps sharply) reduced foot traffic.

Ultimately, those concerns were outweighed by what some see as Bethesda's urgent need for more parking. The zoning in the area requires zero parking for residential projects, a policy designed to steer people towards public parking and public transit.

Short-term, locals will have a number of alternatives once Lot 31 closes. Aside from increasing Circulator bus service, the county is shifting many long-term spaces out of the immediate area, as well as creating over a hundred new short-term spaces. They're also optimizing the parking that already exists. "We're installing a car-counter at Garage 57 [Bethesda-Elm Parking Garage] so people will be able to get the most out of that facility," says Bowring. "Right now you have to drive all the way to the top to see if there are any spaces, and that can be tight. Hopefully if we have the available spaces displayed on the outside for everyone to see, it will encourage people to use it."

In the big picture, Lot 31 is just one of several projects currently underway in downtown Bethesda. Stonebridge is also building a residential tower on the former Trillium site, Bainbridge Bethesda (formerly the Monty) is coming along on schedule, and JBG/Ross are turning 4900 Fairmont Avenue into a residential rental units. And of course, the Purple Line is on the horizon for 2014.

Bethesda, Maryland real estate development news

Monday, February 07, 2011

Bethesda's Smashing Summer

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Lattes, IPads, Peg Perego strollers - downtown Bethesda on a wild night. But Bethesda's tranquil, manicured status is about to come to an end. By late summer, developers will take over the downtown, digging holes, tearing up streets, and reshaping the downtown streetscape now dominated by moms in heels. Relax, its only temporary. But by July, a pair of local developers say they plan to dig out the two metered parking lots in the center of Bethesda and close Woodmont Avenue for almost two years as they construct a giant underground parking garage, erect two new buildings that will extend Bethesda Row, and reconfigure the Woodmont Ave - Bethesda Ave intersection.

Stonebridge Associates and PN Hoffman, real estate developers selected by the county to joint-venture the project, have approved plans for an 88 unit condominium on the east side of Woodmont and a 170-unit residence (sale or rentals not determined) on the west side of the rebuilt street, a public-private underground parking garage 5 stories deep with 300 private spaces and 1100 public ones, and 40,000 s.f. of retail that will grace Bethesda and Woodmont Avenues, extending Bethesda Row south by a full block, built for small scale retailers. The buildings were designed by Bethesda's SK&I Architectural Design Group,

But all that infrastructure can only come with construction, and lots of it. And while developers are breaking eggs for the $150m development, they will also take the opportunity to remedy the distorted "X" of the intersection, shortening crosswalks and drawing together corners, giving Woodmont a more graceful, traffic-calming arch. Developers intend to close Woodmont south of Bethesda Avenue for up to 20 months, build the garage underneath, then deed the street back to the city.

The first building will be the Darcy, an 88-unit condominium (pictured, top), with 60 market rate condos and 28 home buyers getting subsidized views overlooking Bethesda Row; marketing and sales by PN Hoffman is expected to start "very shortly" says Stonebridge founding principal Doug Firstenberg. Retail will wrap around the building's first floor.

Next at bat is the more complicated west side of Woodmont, with 170 or so units still in the design phase and carrying the brunt of street-grade storefronts. Retail will be mostly parceled into smallish shops that roughly match Bethesda's current shopping district, with an anchor tenant as large as 9,000 s.f., large but significantly smaller than the Barnes & Noble across the street.

Stonebridge-Hoffman also has an agreement with the county to rebuild the adjacent section of the Capital Crescent bike trail, better integrating the path into downtown and fixing its dead end into Bethesda Avenue, where developers will widen and landscape the path with pavers. "Now there will be a place to stop" says Stonebridge's Firstenberg. "You will have a beautiful hardscape telling you you're in the middle of this urban area." Firstenberg also has plans for a bike drop-off on Woodmont once the residences are complete, now that bikers are loosing their unloading point, with a connection behind the building to the trail.

But developers will bury the most controversial portion, the project's 1400-space garage, for which the county approved $89m in 2008, a decision many saw as unwise, unnecessary, and wasteful. The complex land agreement with the county, which owns the land, requires developers to pay the county in a plan Firstenberg calls "tantamount to an air rights deal." The county will pay the Stonebridge team for its costs to build the public parking, up to $89m. "We're certainly hoping to spend less" says Firstenberg, who notes falling construction costs. "The construction world has changed." Project architect Federico Olivera Sala of SK&I notes that the team is "trying to reduce" the overall number of parking spaces.

But transit and smart growth organizations, while applauding the overall development as urban in-fill and transit-oriented, have called parking a boondoggle that puts cars before public transit, with a Metro stop two blocks away and the Purple Line coming soon across the street. "Montgomery County could lease parking from nearby office spaces. We need more flexible strategies...I think looking at pricing is the only way to effectively manage parking, there's plenty of parking within a couple of blocks. Given everyone's budget crisis, spending $80,000 per space hardly seems like a strategic investment," says Cheryl Cort of the Coalition for Smarter Growth, which opposed the spending. Firstenberg disagrees. "There is clearly a parking shortage in Bethesda... Bethesda is one of the county's prime economic engines. Other developers have large projects coming up in the area, those are all major plans. There's a parking shortage today, much less when all the development takes place."

Parking shortage or not, in 3 years Bethesdans will have another garage, an extended Bethesda Row, and calm, freshly paved streets for quiet meandering. Which should be just about the time that JBG digs up the opposite intersection to build a 200,000 s.f. office tower and 250-unit residential tower, and most likely the start of construction for Bethesda's Purple Line station in 2014 right next door. Looks like Bethesda is about to get busy.

Bethesda, Maryland Real Estate Development News

Wednesday, December 02, 2009

Parking Fuels Anger in Bethesda

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LOT 31, Bethesda's stalled mixed-use development, has come under fire again, this time for its $89 million, 1,100-space parking garage. The structures are part of two developments at Woodmont and Bethesda Avenues, a joint project between Montgomery County, PN Hoffman and Stonebridge Associates approved in 2007. In a joint press release this week, The Action Committee for Transit (ACT) and the Montgomery County Group of the Sierra Club blasted the five and four-story parking garages that will comprise Lot 31 as wasteful, poorly-planned targets for taxpayer money.

Designed by SK&I Architectural Design Group, the 3-year project is expected to begin construction at 4712 Bethesda Avenue across from Barnes and Nobel sometime in 2011, but has drawn fire from environmentalists since its inception.

ACT and the Sierra Club object to the what they view as an automobile-centric approach to development so close to public transit, at public expense to boot. As part of the deal to entice developers to build, the county offered to pay for much of the $89m parking garage, or $80,000 per parking space, which developers see as a misallocation of resources that could be better spent on public transit. As in previous requests, ACT and the Sierra Club argue that "the high cost of the garage means that even in the improbable event that the garage fills up, parking fees will not cover the cost of construction," and argue for a 300-space garage instead.

So, why is the cost of construction so high? During a 2008 interview with DCMud, SK&I President, Sami Kirkdil explained that the project is more complex than usual parking structures because it requires construction crews to dig five levels into rock while at the same time "basically, taking Woodmont Avenue away," by slowing the traffic patterns around the garage.

This justification does not sit well with environmental groups who believe the number of Bethesda-area drivers has been over-estimated by the County and that the construction of the planned Purple Line,which could potentially stop just down the street from the planned garage, will further dim the need for parking in downtown Bethesda.

For their part, PN Hoffman and Stonebridge promise a "public atrium" component to the project that will serve pedestrians by acting as a meeting point between existing shops along Bethesda Row and their planned mixed-use buildings, with 357,000 square feet of ground-floor retail and residential space.

Perhaps with all of the drivers heading to Bethesda to take advantage of the safer pedestrian environment, all that extra parking will come in handy.

Bethesda Real Estate Development News

Tuesday, May 05, 2009

JBG Discusses Plans for Bethesda Row

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With preliminary approvals from the Montgomery County Planning Board in place as of last Thursday, the JBG Companies say they are now actively in development on Woodmont East, the large-scale, mixed-use project set to usurp the last vacant parcel adjoining Bethesda Row. Since first going public with the project in 2007, the project has lost one key component - a planned hotel that has since been revised as 208,579 square feet of office space. Meanwhile, the Capital Crescent Trail that bisects the site will remain open for, at the very least, most of the construction period.

"The amendment to the project and preliminary plan amended the use of that southern bit from hotel to office. Otherwise, not much changed…We did some modifications to the open space based on comments from the community. We did some modifications to the building, but not much. The envelope and the height have been pretty much intact from 2007 on,” said Matt Blocher, Senior Vice President at JBG. “It’s within the same density. They’re both commercial use and they’re both the same size buildings. It was purely market driven. “

Located at the intersection of Woodmont and Bethesda Avenues, Woodmont East will feature one tower of office space and a second with 250 residential units and 9,000 square feet of retail. Dividing them will be a landmark well-known to area outdoor aficionados - the Capital Crescent Trail.

“The trail will come right through the two of them,” said Blocher. “As far as what happened at the hearing, [the approval] permits us to close the trail for up to five days at a time if there is significant construction procedures. At this point, we’re not sure if we'll need to close it, except for at the end of the job when we have to do the paving.”

Joining JBG on the development team are Shalom Baranes Architects, as well the developers of neighboring Bethesda Row and owners of half of the Woodmont site, Federal Realty Investment Trust (FRT). Though both developers had initially filed separate site plans for the project in 2007, Kai Reynolds, a Partner at JBG, tells DCmud that the two have been working closely together since the development was first proposed.

“It was the same site plan [that was filed]. That’s just part of the venture. We have been together with FRIT on these efforts for about nine years now. It’s definitely a joint venture,” said Reynolds.

While Bethesda-ites and the developers alike are certainly hoping for repeat of the success of Bethesda Row, both will have to wait for development to get physical. Though nearing the end of the formal approval process, JBG concedes that there are still several key components that need to be worked out before construction can proceed.

"It’s still pretty far off because we haven’t yet begun to design the building beyond the site plan guidelines required by Montgomery County. Design and permitting is anywhere from 12 to 24 months, and then construction is 24 months,” said Reynolds.

Bethesda, MD, real estate development news

Thursday, April 30, 2009

JBG Seeks Approval for Bethesda Row Development Tonight

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The JBG Companies will make a return appearance before the Montgomery County Planning Board tonight to seek Preliminary Project Plan approval for both phases of their Woodmont East mixed-used development in the Bethesda Central Business District. Located at the northeast side of Woodmont and Bethesda Avenues and wedged directly on one of the last vacant parcel adjoining the Bethesda Row development, the project had previously been approved for 78,300 square feet of office space, 40,350 square feet of retail, a 225 room hotel, and 250 multi-family residential units in two towers.

In the first news to come of the project since it was first announced in 2007, JBG has apparently scrapped plans for the hotel and is seeking consent for a re-jiggered development scheme with a whopping 208,579 square feet of office space, a diminutive 9,000 square feet of retail, and 250 residential units that will, in the words of the Planning Board, continue “the successful theme of mixed retail, restaurant and office uses along ‘Bethesda Row.’” The building once intended to house the hotel will instead be utilized as an office tower and the Thymes Square restaurant next door to the site at 4735 Bethesda Avenue will be razed to make way for the development.

Planning Board staff has already granted pre-approval to all three of portions of the plan. The scenario was much the same – staff approval included – when JBG presented their plan to the Board in November 2007, shortly after leasing the property from Bethesda Row developer Federal Realty Trust. In surprise move, the Board wound up denying their application, following complaints from the community about detrimental affects to the Capital Crescent Trail system and encroachment upon the neighboring movie theater. Federal Realty Trust also tried but failed to get approval for a nearly identical project at the site just weeks before that fateful turn of events.

JBG representatives would not comment on the development until after the scheduled April 30th hearing.

Monday, May 05, 2008

Will Montgomery County Put the Brakes on Bethesda's Parking Garage?

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On Tuesday morning, the Montgomery County Council will vote on whether to move forward with a planned $89-million, 1,150-space parking garage in downtown Bethesda. If the vote passes, developers PN Hoffman and Stonebridge Associates would be able to proceed with their mixed-use project planned for the current Bethesda Lot 31, at the intersection of Bethesda and Woodmont Avenues (across from the Barnes and Noble). But the project has some concerned organizations urging the Council to apply the brakes and postpone the vote to allow time to consider alternatives to the garage.

In a press release put out today, the Coalition for Smarter Growth and the Montgomery County Sierra Club did the math: by their calculation, each individual parking space costs close to $80,000. “It’s cheaper to just pay people $45 to park [at a nearby lot] and walk five minutes,” says Cheryl Cort, Policy Director of the Coalition. While Cort praises the overall mixed-use project, she and her organization have concerns about the cost of the garage—and whether there’s really a lack of parking in Bethesda.
To prove her point, Cort went out on a Saturday night several weeks ago during prime dinner hour (between about 9 and 10 p.m.) to investigate Bethesda’s parking availability. According to Cort, while Lot 31 fills at peak hours, Bethesda has plenty of other public parking garages with whole floors of open parking within a five-minute walk of downtown Bethesda. It’s just a matter of people knowing where to look.

The proposed mixed-use project would take the place of the two lots now owned by the county, replacing surface parking with up to 250 residential units in LEED-certified buildings designed by SK&I. Stonebridge-Hoffman would realign the interchange of Bethesda and Woodmont, and add as much as 40,000 s.f. of ground floor retail, all of which is generally supported by smart growth advocates as being transit-oriented.

But rather than add such massive garage space, the Coalition for Smarter Growth recommends that Bethesda consider making use of a “smart parking” system, similar to those used in Rockville Town Center and at the Baltimore/Washington International Airport. A digital readout at the entrance to a garage or floor of parking displays the number of available parking spaces to approaching motorists, reducing the time, traffic, and frustration used in circling for spots. As Cort puts it, “Bethesda was just a suburban outpost 30 years ago…[Now] Bethesda has grown up…The question is, how do we treat automobiles in this context?”

David Hauck
, Chair of the Montgomery County Sierra Club, has a suggestion for how to assess this situation. “Step back, take a breath, and think about it,” he advises, “What will Bethesda look like five years from now?” If the pedestrian-, bike-, and Metro- supporting contingent has its way, says Hauck, the proposed parking garage will be a “white elephant.”

The County would fund the initial parking structure, which is designed as below-ground public parking, hence the high cost. The rub, in part, is the financing of the deal. The county would issue a bond to cover the construction costs, part of which would be repaid by the developers as part of the purchase of the land, but that still leaves public money going to support admittedly un-green vehicular traffic.

Hauck credits the county’s commitment to taking steps toward transit-oriented development and more walkable communities, noting that Bethesda could be and has been an ideal testing ground for these changes. He cites the promise of a new south entrance to the Bethesda Metro station and the proposed Purple Line. But when it comes to funding environmentally friendly measures, “Energy efficiency and global warming get crumbs off the table,” says Hauck, “and the parking garage gets the steak.”
Update, May 7: According to a representative from the Montgomery County Council, at its work session today, the full Council tentatively approved the parking garage planned for Bethesda's Lot 31. While a few council members did raise concerns about the project, no one introduced a motion to overturn or alter granting approval. On May 22, the project is expected to receive the final go-ahead when the Council officially votes on the county government's capital budget. Any changes to the plan between now and then are unlikely.

Thursday, September 13, 2007

Downtown Bethesda Condominium Pair Gets First Stamp of Approval

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Bethesda real estate development, PN Hoffman and Stonebridge Development, Woodmont Avenue, Lot 31,The Montgomery County Planning Board staff has issued its report recommending approval of a site plan to jointly develop a pair of parking lots in downtown Bethesda into mixed-use, multi-family condominiums with as many as 250 residential units in LEED certified buildings, construction of which will require a closing and realignment of Woodmont Avenue south of Bethesda Avenue. Lot 31, now sporting a metered parking lot at the crossroads of Bethesda and Woodmont Avenues - on the west side - and Lot 31A, across Woodmont Avenue to the east, are now on track for development as the southern gateway to Bethesda (depicted above, looking south), a predominantly Bethesda real estate development, PN Hoffman and Stonebridge Development, Woodmont Avenue, Lot 31,glass and brick duo with a combined 250 units (up to 146 in the west building and 97 in the east), 40,000 s.f. of retail space and as many as 1480 underground parking spaces. Both the 3-acre and the one-third acre lots are currently owned by the county, and will be jointly developed between the county and the development team, itself a joint venture between DC-based PN Hoffman and Stonebridge Development. The County will require 12.5% of the units built as MPDUs (moderately priced dwelling units) and an additional 35 as workforce housing. The conditional approval by the Planning Board will require conformity to a list of preconditions, including traffic, structural, public space, affordable housing, and bike trail accommodations, limiting the building height to 90 feet to the east of Woodmont, though stepping down to 65 feet at street level, considerably shorter than the 143-foot Seasons apartment building to the immediate east, and to a maximum of 54 feet to the west of Woodmont. Retail will accommodate outdoor seating, extending Bethesda Row to the south, and significant concessions will be made for the Capitol Crescent Trail, including additional bike racks and a "drop-off" point on Woodmont where bikers can unload from vehicles onto a new branch of the trail on the south side of the west building, providing an additional access point to the bike trail from Woodmont, which will be shifted to the west to line up Woodmont more directly where it crosses Bethesda Avenue. PNH and Stonebridge most recently jointly developed Chase Point Condominiums in Chevy Chase DC. The staff report is not final, but signals a likelihood the full Board will approve the project. A hearing on the issue will be held September 20th. 

Bethesda Maryland real estate development news

Monday, April 23, 2007

Boomtown Bethesda – Yet More Development

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Just when we thought there couldn’t possibly be another inch of space left for development in the Bethesda Row neighborhood, the real estate market again proves us wrong. Things are expected to get very busy and congested at the former parking lots at the corners of Woodmont and Bethesda Avenues, at the south end of the Bethesda Row shops, if two new projects become reality.

First up is a mixed-use project planned for the northeast corner of Bethesda and Woodmont (named Woodmont East - Phase II). Applications submitted by developer JBG show a 121,090-sf hotel, over 36,000 sf of retail, 78,300 of office space, and 250 apartment units (32 of which will be Moderately Priced Dwelling Units or MPDUs) in a five-story (or more) building. The Montgomery County Development Review Committee is expected to next pick up discussion of this project on May 7.

The second development is a joint public-private project between PN Hoffman/Stonebridge Associates and Montgomery County that will take up the southeast and southwest corners of Woodmont and Bethesda (Lots 31 and 31A). Pictured is an early rendering of the project looking south down Woodmont Avenue. Preliminary plans call for 250 hi-rise condominium units (some of which will be MPDUs) with pricing starting in the $600,000 range, plus 40,000 sf of retail. There will also be an underground parking lot to accommodate over 1,500 cars (mostly public). Woodmont Avenue is expected to be relocated and redesigned a bit, but will continue to run through this project. The development will also ensure access to the nearby Capital Crescent Trial. Groundbreaking is expected for Summer 2008, with completion in 2011.

These projects join a number of other new developments in the Bethesda Row area, including the renovated Chase (377 condo units), the Bethesda Row extension (180 rentals), 7001 Arlington Road (111 condo units), 4913-4921 Hampden Lane (60 condo units), and 4901 Hampden Lane (70 condo units).
 

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