SilverPlace Splits with Developer, Forges Ahead

The Maryland-National Capital Park and Planning Commission's (M-NCPPC) new headquarters - tentatively titled SilverPlace - has incurred a few shake-ups over the past few months, but is otherwise inching toward fruition in the center of the Silver Spring Central Business District. While plans for the site have grown much more specific since DCMud last reported on the development, one major detail has done a volte face: the Montgomery Planning Board (MPB) has nixed a 2006 proposal by SilverPlace LLC that had served as the development's template until last month. A press release issued by the County stipulates that the "Planning Board and SilverPlace LLC were unable to reach agreement on key terms, such as land pricing."

In the same session that the deal was declared kaput, the MPB also clarified their intentions for a new mixed-use headquarters. First and foremost, it will be built before any proposed residential component. Secondly, it will consolidate all staff offices, whereas they currently operate no less than four buildings for the same purpose. Thirdly, it will meet the standard for LEED gold certification. Lastly, the project will eventually be mixed-use with residential and infrastructure components that mesh seamlessly with the Silver Spring suburbs surrounding the parcel at 8787 Georgia Avenue. Of most import to the development community, however, is the MPB’s plan to “reduce the public cost of the project by selling part of the property to a private developer” – a plan which is sure to irk Harrison Development, Spaulding and Slye, and Bozzuto Group, the firms behind the SilverPlace moniker. It has also been further asserted that the housing component will include a minimum of 30% affordable and AMI housing. 

Dan Hertz of the M-NCPPC told DCMud that the County is not actively seeking out proposals from other developers at this time, but will be “going to our board on December 4th and going over the timeline with them on that day. It depends on the market and our ability to make progress on the office building portion.” The project is also expected to receive a budget appropriation from the County Council in December. The MPB will be holding a Community Meeting at their current headquarters this Wednesday, November 19th at 7:30 to brief the public on the recent changes incurred during the development process. The MPB had still been acting in concert with the SilverPlace LLC as recently as June, when they jointly participated in a week-long community design workshop. Despite Silverplace LLC’s departure, the site is still expected to develop into 300 new units of housing and public park/garden featuring an array of “mature oak trees.”

Silver Spring real estate development news

Funding Time for Silver Place

Today, the Maryland- National Capital Park and Planning Commission (MNCPPC) sat together with the County Council’s Planning, Housing and Economic Development committee, to discuss a two-stage financial package for funding SilverPlace. The County Council Committee voted 3-0 in favor of funding the first stage, a set of design charrettes that will facilitate community input for the overall design. The second half of the finance package will fund final design and construction of the project - MNCPCC is requesting $4.9 million in total funding from the county for its interest in the property.

If all goes according to plan, the first design 'charrette' - a roundtable discussion, to you and me - should begin this Spring. MNCPCC expects the community input stage to last until the end of the year, when they would request the second stage of funding. According to MNCPCC, "The design phase could take up to 10 months." Our guesswork indicates the final design could be submitted as late as 2009.

Silver place, located at 8787 Georgia Avenue in downtown Silver Spring, will be a mixed use project (see prior post) encompassing a nine-story, 150,000-s.f. office tower, which will house the new 120,000-s.f. MNCPPC headquarters, and a residential component housing 358 units, 91 of which will be rental units - the remainder will sold as condos. Preliminary plans also call for some retail and copious public gathering space. Currently, the site houses a large surface parking lot and the current, three-story, MNCPCC headquarters, which has become so overcrowded that the organization needs to rent out suites for its staff. Developers will build the new project in phases so that planning staffers won't be out of a home until their new one is finished.

Torti Gallas is designing the master plan for the site, working alongside a group of development firms, who appropriately call themselves SilverPlace LLC: a combination of Harrison Development, Spaulding and Slye, and Bozzuto Group.