In The Works: Top 3 Developments Coming To Montgomery County
Elizabeth Square
Developers: Montgomery County Housing Opportunities Commission, Montgomery County Government and Lee Development Group
A new public-private partnership plans to bring new housing and a recreation center to Silver Spring.
The Montgomery County Housing Opportunities Commission and Lee Development Group is moving forward with the roughly 996K SF redevelopment of Elizabeth Square, which the Montgomery County Planning Board unanimously approved.
The fitness and aquatic center will feature an 11-lane competition pool, two additional pools and a gymnasium. The planned development will also include apartment complexes that will add 435 units to the existing property.
The project is slated for a 2020 completion.
Newdale Road and Connecticut Avenue
Developer: Landmark Realty
A new mode of transportation is coming to suburban Maryland in 2022, and real estate developers are planning ahead.
The highly anticipated Purple Line will be a 16-mile light rail line that will extend from Bethesda to New Carrollton. The train will provide a direct connection to the WMATA Red, Green and Orange lines as well as the regional MARC train, Amtrak and local bus service.
Landmark Realty filed an application with the Montgomery County Planning Department to build two four-story apartment buildings composed of 116 units. The planned development will be built in Chevy Chase, Maryland, along the path of the Purple Line. Landmark hopes to break ground in late 2019.
6000 Executive Blvd.
Developer: Guardian Realty
Guardian Realty submitted a proposal in early March to construct a three-building development at 6000 Executive Blvd. in North Bethesda. The new complex will comprise a 200-foot office tower and two senior housing buildings.
Guardian Realty’s plan is composed of three phases. The first phase calls for the construction of a six-story building with 131 senior housing units, which would sit above four levels of underground parking. During the next phase, Guardian Realty would build an active-adult senior housing complex with 233 units.
The building will have an urban plaza and above-ground and underground parking. The last and final phase would be a 200-foot-tall office building with a neighborhood park. Sidewalks and paths would connect the urban tower to the neighborhood green.
