Work Starts on Silver Spring's Tallest Building

Washington Property Company began work this past week on Silver Spring's tallest building in the Ripley District, which will clock in at 26 stories.  The Solaire will be the 5th Solaire-branded apartment building by Bethesda-based WPC, with 6 levels of above-grade parking and 18,000 s.f. of retail, part of which was expected to be a 15,000 s.f. food hall designed by Eimer Design of Philadelphia.  WPC partnered with Cresset-Diversified QOZ Fund on the $163 million project to provide equity.  The site was formerly known as Progress Place and housed Shepherd's Table, which was moved to Georgia Avenue prior to demolition.

Project:  Solaire

Address:  8200 Dixon Ave., Silver Spring, MD 

Developer: Washington Property Company

Architect:  Design Collective

Construction:  Clark Construction

Use: 420 residential units, 17,000 s.f. of retail

Expected Completion:  Early 2022

Silver Spring real estate development news

WPC Breaking Ground on Wheaton Residential Project

Washington Property Company breaks ground on the Solaire, a 232-unit residential building at 10194 Georgia Avenue, next week.  Located on the former site of the First Baptist Church, WPC acquired the 1.65-acre parcel in 2005 and, as part of the deal, relocated the church to Olney, adding to the long list of projects approved in a quickly developing Wheaton town center.

Montgomery County approved the site plan last October for a Preston Partnership-designed six-story, u-shaped structure, opening to the south, with a swimming pool and greenspace in the interior courtyard.  Designers used a "variety of masonry and glazing" as well as "small parapets and height variations ... to minimize the sense of building mass." Beneath, developers will build a two-level parking garage with 230  spaces. A public statement notes such ubiquitous amenities as "granite countertops, stainless steel appliances, fine cabinetry, wood laminate flooring."  

According to a WPC press release, the developer owns more than eight million square feet of commercial space in the Washington, DC metropolitan area and currently has over 1.6 million residential square feet under development.Clark Builders Group is the General Contractor, Gables Residential will provide property management and leasing services.  Leasing is expected to begin in September of 2013.

Wheaton, Maryland real estate development news

Today in Pictures - Ripley District

Once a forlorn street with only ramshackle buildings better for disposing of cars than for strolling, despite its location in downtown Silver Spring and proximity to the Metro, Ripley Street is on its way to birthing two residential developments. The first, by Washington Property Company and Lessard Design, will feature 295 rental units (9 live-work replaced what was to be a retail space) inside a 17-story structure, with a "resort-style" pool at 1150 Ripley Street. WPC broke ground in September of 2009 and will now deliver the first units the 1st week of May. Work is expected to continue through August.

The second site, by Home Properties, will deliver a Shalom Baranes designed residential tower late next year. Eleven55 Ripley, originally conceived as Midtown Silver Spring, will offer 379 "premier apartments" in a 20-story building and adjacent 5-story building, adding a small pocket park as a public amenity.



Silver Spring real estate development news

WPC's Wheaton Residential Project to Break Ground In May

Washington Property Company's 245-unit residential building at 10194 Georgia Avenue is on target for a spring groundbreaking, adding to the long list of greenlit revitalization projects in Wheaton. "We're out to bid now [for a general contractor], and hope to start construction in early May," said Daryl South, Vice President of Development for WPC. "Everything's ready to go."

Washington Property company acquired the 1.65-acre parcel, which is just steps from the Wheaton metro station, in 2005.

According to a site plan approved by Montgomery County planners in October of last year, the Preston Partnership-designed building will be a six-story u-shaped structure, opening to the south, with the interior space used for a swimming pool and greenspace. Designers used a "variety of masonry and glazing" as well as small parapets and height variations ... to minimize the sense of building mass." Underground, developers are shooting for at least 230 parking spaces spread over two levels, and will be required to offer 12.5% of the dwellings as (subsidized) MPDUs. The site is the former home of the First Baptist Church of Wheaton, which has relocated to Washington Christian Academy while construction on their new building in Olney is completed.

WPC's residential tower is just one of several projects that have gained recent momentum in downtown Wheaton; just a few blocks north is the already approved 17-story Safeway/residential project from Patriot Realty, and across from that is the Computer Building, set to be converted by Lowe Enterprises into a residential tower. At the Wheaton Metro station, bus bays are to be converted into an office complex by B.F. Saul, which is also in talks with the county about converting nearby Wheaton Triangle into a massive mixed-use megadevelopment that would bring nearly a million square feet of office space, retail, a hotel, and a public plaza to the area.

Wheaton, Maryland real estate development news

Washington Property Company Planning Georgia Ave and Wisconsin Ave Residences

In 2005, Washington Property Company purchased two plots on the area's major arteries: 10914 Georgia Avenue in Wheaton and 7100 Wisconsin Avenue in Bethesda with the intent of building two residential properties. That the company is now nearly ready for construction and is building apartments is not surprising, as financing for apartments becomes easier and apartment vacancy rates hit historic lows.

10914 Georgia Avenue is slated for a mid 2012 groundbreaking for a five-story, 221 unit multi-family residential building. The site, next to the Wheaton Metro station, is part of an 8-acre area that has been targeted by Montgomery County as part of a mixed-use revitalization of downtown. Revitalization will create 1,300 residential units and 600,000 square feet of retail between a Washington Metropolitan Transit Authority (WMATA ) site at Georgia Avenue and Viers Mill Road, County Parking Lot 13 across Reedie Drive, as well as the Washington Property Company purchase, among others. B.F. Saul has been chosen as the developer for the bulk of the project. "They're in the process of concept plans with WMATA," said Pete McGinnity, Business Development Manager in the Montgomery County Redevelopment Program. "This is a multi-phase plan that will roll out over the next several years."

Currently, the Washington Property Company site is home to the First Baptist Church of Wheaton, which has plans to move to a bigger lot at 3110 Emory Church Road in Olney, Maryland, after building a new church.

For the company's second act, now the site of an Exxon service station, there's time to wait until the design comes together. The Washington Property Company submitted preliminary plans late last year to build a nine story building of 96 residential units atop 3,000 s.f. of retail space.

"We're still assembling parcels and working on things," said Daryl South, Vice President of Development for WPC. Though the developer is not ready to disclose formal plans for the space, they say plans will come this fall.

The developer recently broke ground in the formerly shunned Ripley District of Silver Spring, with plans to build a sixteen-story, 306,000 s.f. building with 286 rental units at 1150 Ripley Street, the first major construction project in the neighborhood in twenty years.

Bethesda, Maryland real estate development news

Groundbreaking at 1150 Ripley Street

Minor construction work has now begun at 1150 Ripley Street in Silver Spring, but developer Washington Property Company will wait until next Tuesday to officially celebrate the groundbreaking of their 16-story multi-family building. The 306,000 s.f. building will add 286 rental units, and is being heralded by developers as the "first major construction project within the Ripley District in almost 20 years." On October 5th, Washington Property Company President Charles K. Nulsen III will be joined by Montgomery County officials to put a ceremonial shovel in the ground and provide remarks on the bright future of the Ripley District, including specifics on several other "exciting development

plans" in the area.

The building design, a generous use of glass textured by streaking and crisscrossing lines of metal as well as tall brick columns, is courtesy of the Lessard Group. Sitting on 1.16 acres of land, the apartment building will offer the usual assortment of amenities: business center, conference rooms, rec rooms, and a fitness center. Stocked with the standard array of studios and one and two bedrooms, the structure will stand atop three and a half levels of below grade parking totaling over 300 spaces. The ground floor will feature 7,000 s.f. of service retail.

The Ripley District, a triangular parcel of land in downtown Silver Spring, is bounded by Bonifant Street, Georgia Avenue, and the CSX Railroad. Sitting adjacent to the MARC railway and Silver Spring Transit Center, this is the type of transit-oriented development that county officials are hoping to encourage. The county’s Department of Housing and Community Affairs has offered $5 million in mezzanine financing, and hopes their visible cooperation and financial assistance will spur future smart growth in the area.

Silver Spring, and specifically the Ripley District, will look to mimic Bethesda and Arlington by sporting horse blinders, ignoring the recession, and plowing ahead. Officials will steer new developments to be "organized around open spaces, surrounded by a mix of high-density office and apartment buildings, with bike trails and pedestrian routes connecting residents to the nearby Paul S. Sarbanes Transit Center and the Metropolitan Branch Trail to Union Station in downtown Washington, D.C." Home Properties' Ripley Street North mixed-use development will look to follow this blueprint and give County officials another reason to smile, but no word on impending construction has been given. The plan for the Shalom-Baranes-designed 200 ft. residential tower and accompanying 80 ft mixed-use building was approved in 2008.

S.E. Foster, a subsidiary of the Paradigm Companies, is heading up general contracting duties, and will deliver the first units in roughly eighteen months. Full delivery is expected in approximately two years.

Silver Spring, MD Real Estate Development News

Ripley's Coming, Believe it or Not

Today, the Montgomery County Parks and Planning Commission held a hearing to review site plans for the 1050 Ripley St. development (pictured), to flesh out any remaining technical issues. Developer Washington Property Company plans to break ground in the Fall of 2008 on the 300,000-s.f. residential building. The mixed-use redevelopment project is located in the southwest quadrant of the Silver Spring Central Business District at the intersection of Ripley Street and the proposed extension of Dixon Avenue, just west of Georgia Ave.

Washington Property received project "plan approval" from the planning board - the first of a two-step process - on May 31, 2007, setting the overall design standards. Today's "site-plan approval" began the board's process of scrutinizing the details pertaining to easements, utilities, traffic management and other civil engineering issues, and gave Washington Properties an opportunity to receive site plan comments from the board, preparing them for a glitch-free Spring '08 approval hearing.

The 17-story apartment building, designed by WDG Architecture, will have a tad more than 300 units, all for rent, with 241 one-bedroom and 64 two-bedroom units; a little more than 15% of the total space will be "affordable." Those who anguish over parking, fear not; Washington Properties is providing underground spots for residents, keeping a small 14-parking-space cushion for staff (and assumedly guests). In addition, architects have set aside nearly 3,000 s.f. of retail space which will be set-back from the street, in order to provide outdoor dining for a potential restaurant.

"The building is designed as a basic building block which is then wrapped with layers of projecting planes, highlighted by complimentary colors on all elevations of the building. The design is based on a restrained classical form with a defined base, body, and top to the building. Simple lines, minimalist qualities, and a contemporary approach to the building design are intended to be responsive to the scale and the context of the neighborhood," said Siti Abdul-Rahman, Senior Designer at WDG Architecture, which is pretty much what we would have said.

Landscape architects have also included plans for a 14,000-s.f. public park and plaza (pictured below) which will sit adjacent to the Metropolitan Bike Trail (MBT). The park, according to WDG, will be linked to the MBT and serve mainly as a stop for weak-kneed bikers, as well as provide a public gathering spot that will tie together the redevelopment projects proposed for the Ripley District, which will someday include Midtown Silver Spring and the proposed Silver Spring Transit Center. To keep it pretty, landscape architects Hord Coplan Macht have proposed artistic elements to adorn the park's landscape.

Washington Property's "luxury" apartment building is predicted for completion in the third quarter of 2010.