Washington DC commercial real estate
Showing posts with label Polinger Shannon and Luchs. Show all posts
Showing posts with label Polinger Shannon and Luchs. Show all posts
Wednesday, September 02, 2009
Bethesda's Battery Park Gets Recharged?
0
comments
Posted by
Ken on 9/02/2009 10:42:00 AM
Labels: Bethesda, Oculus, Polinger Shannon and Luchs, Woodmont Triangle
Labels: Bethesda, Oculus, Polinger Shannon and Luchs, Woodmont Triangle

Thursday, May 29, 2008
Bethesda Condo Gets the Go-Ahead
1 comments
Posted by
Sarah on 5/29/2008 01:46:00 PM
Labels: CORE Architects, Polinger Shannon and Luchs, Triumph Development, Woodmont Triangle
Labels: CORE Architects, Polinger Shannon and Luchs, Triumph Development, Woodmont Triangle

Plans for Rugby Avenue Condominiums at 4851 Rugby Avenue went before the Montgomery County Planning Board for a second time this morning and were approved. In the fall of 2007, developers Polinger Shannon & Luchs (cleverly disguised as
4851 Rugby Avenue LLC) were denied their application for a 10-story, 71-unit condo building with 1,250 s.f. of public art studio space and told that the plans exceeded the nine-story (90 feet) zoning limit. The new plan shows a lower height and increased art space.
The Woodmont Triangle project will now include only 61 condominium units, 8 of which will be affordable, 2,000 s.f. for four art studios, and a 3,277 s.f. outdoor public plaza. Now nine stories, the building will replace two small office buildings on the north side of Rugby
Avenue at the intersection of Auburn and Rugby Avenues, and will include two and a half levels of underground parking.
"Obviously we are in the Bethesda Central Business District – which is a dynamic market in and of itself," said Elliot Schnitzer, a manager at Polinger. "Walter Reed is relocating to Bethesda Naval. Our site is between the Medical Center and Bethesda Metro stops and in walking distance to Bethesda Naval," he said.
Schnitzer also told DCMud that the developers will now work with Guy Martin of CORE Architects on construction drawings. When asked about the likelihood of joining the
go-rental trend, Schnitzer said the company was standing by their condo plans. As DCMud reported last week, Triumph Development canceled its plans for 4901 Hampden Lane in the center of the Bethesda shopping district just last week, citing the approval process and market factors.
“People who have changed to rental have already broken ground. We hope to time it to hopefully hit the market on the rebound,” he said. A construction schedule has not been set, though the project will certainly beat out its neighbor - 4823 Rugby Ave. - which has submitted plans for a 24-unit building but remains in the 'concept' phase.

The Woodmont Triangle project will now include only 61 condominium units, 8 of which will be affordable, 2,000 s.f. for four art studios, and a 3,277 s.f. outdoor public plaza. Now nine stories, the building will replace two small office buildings on the north side of Rugby

"Obviously we are in the Bethesda Central Business District – which is a dynamic market in and of itself," said Elliot Schnitzer, a manager at Polinger. "Walter Reed is relocating to Bethesda Naval. Our site is between the Medical Center and Bethesda Metro stops and in walking distance to Bethesda Naval," he said.
Schnitzer also told DCMud that the developers will now work with Guy Martin of CORE Architects on construction drawings. When asked about the likelihood of joining the
“People who have changed to rental have already broken ground. We hope to time it to hopefully hit the market on the rebound,” he said. A construction schedule has not been set, though the project will certainly beat out its neighbor - 4823 Rugby Ave. - which has submitted plans for a 24-unit building but remains in the 'concept' phase.
Subscribe to:
Posts (Atom)