Showing posts with label Insight Property Group. Show all posts
Showing posts with label Insight Property Group. Show all posts

Friday, June 12, 2020

The Wilson and the Elm - Coming This Fall in Bethesda

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If you have traveled anywhere near Bethesda you would not have missed the 3 new towers under construction at 7272 Wisconsin Avenue in the center of Bethesda.  The three towers are part of Carr Properties’ nearly 1 million square foot project of two residential towers (the Elm) and, on its south side, one office tower (the Wilson).  Named for an adjacent street and for Alfred Wilson, who in 1890 opened a general store on the site that became a social hub, Carr hopes its creation will duplicate that success.

Carr, partnering with residential developer Insight Property Group, broke ground in August of 2018 and hopes to complete construction by late October. The three towers share a common podium that will, like Wilson's general store, become a commercial nexus with a new southern entrance to Metro's redline station and the terminus station for the Purple Line.  The Metro station, 120 feet below, was originally built to accommodate a second entrance, and will share an entrance with the Purple Line as well as connection with the Capital Crescent Trail.  The project is hard to miss at 23 stories, nearly 300 feet, well above adjacent Bethesda Row.  Bozzuto, which will manage the buildings, will begin residential leasing in August.

Streetsense / Edit Labs designed the interior of the two apartment buildings, which will be connected by a skybridge with views of the National Cathedral.  According to the developers, the height will permit views as far as Dulles Airport and National Harbor on a good day.  The ground floor will offer up retail space, the only confirmed tenant for which is Tatte Bakery.  Above, several office tenants have inked leases, including Fox 5 and UBS Financial Services. Accommodating the red line Metro entrance, expected to open in 2022, provided developers with additional height and density than would have been otherwise permitted. Lastly, the development team points out the suite of technology to fight airborne viruses, including 100% use of outside air, "a rarity" in the DC office market, but an issue that will no doubt be a central talking point in future office marketing.


Developer: Carr Properties 

Architect:  Shalom Baranes

Landscape Architect: OVS

Interior Design:  Streetsense / Edit Lab

Construction:  Clark Construction

Use: 348,000 s.f. of office (1 tower) and residential (2 towers) with 456 units

Expected Completion:  Late 2020 for office and residential portions of the project.

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

New construction Bethesda, Montgomery County, office and retail for lease

New construction Bethesda, Montgomery County, office and retail for lease

New construction Bethesda, Montgomery County, office and retail for lease

Washington DC commercial property news

Washington District of Columbia commercial real estate news\



Washington D.C. commercial real estate news

Thursday, March 15, 2012

Tysons Developer Begins Route 50 Apartment Project

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Tysons-based Insight Property Group has started construction on a 67-unit "luxury apartment" building in Arlington near the Courthouse Metro station. While this will be the first completed development for the Insight team, it claims to have more than 1000 units "in the development pipeline."

Grayson Flats will be a 4-story ("luxury") building on a 1.67-acre site at 1200 North Rolfe Street, near Ft. Myer, which Insight acquired in 2010, demolishing the post-war apartment building that existed on the site.
Lessard Design and Preston Partnership collaborated for the design, with apartments "larger than typical Ballston/Rosslyn offerings." And forget old school, the building will feature the absolute latest in amenities package - think bocce, Wi-Fi, billiards, cyber cafe, bike storage and an electric car charging station. Such amenities may soon be coming even closer to your own neighborhood, as Insight is planning to dot the area with similar apartments:
"Insight development projects include two buildings scheduled to break ground later this year: one in downtown Silver Spring, MD and one near the Huntington Metro station in Alexandria, VA. Two more projects -- another development in Arlington and one on H Street, NE in Washington, D.C. -- will follow shortly thereafter."
Clark Builders Group is the general contractor, Buvermo Investments of Bethesda is the equity partner in the $25 million development. Construction began on the project last year and is expected to be complete by this fall.

Arlington, VA real estate development news
 

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