MONTGOMERYNEWSLETTER An Independent, Bi-Weekly Newsletter on Real Estate Development Volume 28, Number 3 Edgewood, NIH Sign Leases Edgewood Management has claimed a sizable block of space at the ‘Summit at Washingtonian.’ The property management company, now in residence in Germantown, leased 24,105 square feet at the 193,533 square foot building. Eight stories high, 9711 Washingtonian Boulevard is now about 90 percent leased. The Summit has benefited from a ‘flight to quality’ in office space over the last year and a half, as tenants like Medical Funding Services, Steben & Company, and Business Suites gravitated to the Class A space near the ‘amenityrich’ area otherwise known as Rio. February 9, 2015 Towering Opportunity Buyers Sought for WMAL’s Bethesda Property The sprawling Bethesda property that is home to the WMAL towers is on the market. CBRE has been retained to sell the nearly 75-acre tract at 7115 Greentree Road, and has set March 12 as the offering deadline. The offering brochure is a marketing piece full of words like ‘irreplaceable’ and ‘extraordinary,’ but few would disagree that for this property, the superlatives apply. The WMAL tower tract has been in the same hands for 70 years, and except for the several radio towers has remained blissfully empty, while Bethesda has developed around it. During that time any developer worth his pro forma’s has taken a run at the property but until now, the sale sign has never been out. The land is zoned R-90, so the purely technical yield is over 300 units, but developers suggest it could be built out with a mix of lot sizes, including towns, to create what one suggests could be a ‘spectacular’ community. It could also be a formidable competitor to the teardown business. Since the ‘40’s, WMAL’s towers are the only structures that have occupied the Greentree tract, and where they’ll be relocated is uncertain. Published reports say that new technologies mean new towers could be located far out of town. Scott Randolph of Transwestern represented the landlord, while Bill Morris of Avison Young brought the tenant. Meanwhile, offers are already coming together, say sources, and they’ll surely amount to tens of millions of dollars. Given the range of units that could be built and the remarkably high profile of the property, we’re not going to hazard a guess. And as for comparables, well, there are none. Elsewhere, NIH grew at The Atrium at Rock Spring. An expansion by the feds? Shocking. The agency leased another 24,167 square feet for just shy of 10 years at the building, owned by Meritage Properties and Goldentree Insite Partners. Bainbridge Willing to Wait for More Height For the record, The Atrium also has a new address. Once 10401 Fernwood Road, it’ll now show up on your GPS as 6555 Rock Spring Drive. Merrill Turnbull and Brent Prossner of Lincoln Property Company represented the building owners. Bainbridge is permit-ready for its apartments on Wisconsin Avenue, and could put a shovel in the ground soon – but might await the prospect of higher density. The multi-family developer suggested in a letter to planners recently that it ‘is paying close attention to what transpires under the ongoing Sector Plan.’ Its 225-unit project is site plan-approved at 143 feet in building height, but Bainbridge says its land, a former Exxon a block from the future south entrance to the Metro Station, is ‘ideally positioned for considerably more density and height.’ Conceptual materials in the Sector Plan suggest that the site could be appropriate for up to 250 feet high, a level the developer calls ‘certainly a step in the right direction.’ But Bainbridge has its eye on the 290 feet suggested for properties just across Montgomery Lane to the north. That height, says the company, would permit an ‘iconic, urban, mixeduse development.’ For that, it’s willing to wait on any digging. MARYLAND NEWSLETTERS Publishers of the Montgomery & Prince George’s Newsletters and the Howard/Arundel Report PO Box 1358, Olney, Md. 20830. (301) 924-1994. Email: [email protected] www.marylandnewsletters.com Montgomery Newsletter Patient Owner In Potomac The new owner of some 30 acres in Potomac is taking its time deciding what to do with it. South Glen Properties LLC, an affiliate of Sheets Smith Wealth Management, bought the former Fourth Presbyterian School and its grounds at 10701 South Glen Road for $4.9 million last fall. It is one of the largest transfers of land in Potomac in years. Sheets’ David Gilbert said the firm had a relationship with the school, and ended up purchasing it. Fourth Presbyterian had to close after enrollments fell and building upkeep grew. Gilbert said the existing school buildings need major improvements to continue to serve that purpose, but said he has had interest from various schools. The ground could also be developed residentially. “We’re not sure what we’re going to do right now,” said Gilbert. “It’s a very attractive property in the middle of Potomac, and so we have numerous options.” An Office Conversion A new use may be coming to a Rockville office building – self storage. The Washington Property Company (WPC) has submitted a site plan amendment that would allow it to convert the 76,494 square foot building at 4 Research Place to a storage facility. WPC owned the building for years, renovated it in 2007, and then bought the note last year. Though older, the building has I-270 signage, but WPC wants to ‘repurpose’ it in a market flush with office space. February 9, 2015 Consultant Suggesting Lower Fees A consultant is recommending to the Department of Permitting Services (DPS) changes that would reduce some of the permit fees. The work is still one in process, and has not yet gotten the DPS stamp of approval , but the recommendations offer the prospect of lower fees for the industry. Growing concern over some fees last year, including those for four-story townhouses, treated as commercial by DPS and thus subject to a fee several times higher than their threestory brethren, helped prompt the study. Under the consultants’ recommendation, those fees would come down. Overall, the consultant has suggested that DPS go to a per-square foot approach on commercial permit fees. With a lower fee in place, DPS should then collect a higher percentage of the fee upfront, and a current fee cap would be removed. The lower fees would make the revised structure work. The consultant’s progress so far largely goes to commercial fees, as work continues on the residential side, where DPS and the consultant are still ‘scrubbing’ the data. Though work remains, DPS chief Diane Schwartz Jones said the agency held public sessions last week to engage stakeholders and make the process transparent. As an enterprise fund, DPS must raise its own revenues, so paramount to the agency is a fee structure that covers its costs and protects its reserve. Its revenues dropped after the recession, but beginning in FY 2012, while containing costs, DPS began to collect higher revenues than expected. Builders argued that several years of fiscal surpluses meant the agency had to revisit its fees, and the comprehensive study now underway followed. DPS’ Jones said she hopes to have the consultant’s final recommendations by July. Siena Boxed Out on Rockville Storage Plan In passing a controversial zoning amendment, Rockville’s City Council put up a big barrier to Siena Corporation’s planned self-storage building on Taft Street. The Council approved legislation that prohibits self-storage within 250 feet of a public school in certain zones, effectively blocking Siena’s plan for an E-Z Storage facility in East Rockville. Siena had threatened legal action a few weeks before the vote and may have to turn to that recourse now that the Council has acted. But on the final night, Siena struck a more conciliatory tone and offered to engage in a work group. “You haven’t heard any threats of litigation in the last few weeks from us,” said attorney Robert Dalrymple. Instead, he said, the firm is looking for ‘constructive dialogue.’ But judging from the overall tone of the meeting and the prior one, when the amendment was introduced, the dialogue is anything but constructive. The issue has divided the Council, with amendment supporters suggesting that self-storage near a school creates safety issues. Councilmember Tom Moore has led the opposition, insisting he hasn’t been shown any data to support that conclusion. Siena bought the Taft Street property, a former Wonder Bread warehouse, knowing that self-storage was a by-right use. 2 Montgomery Newsletter February 9, 2015 Tenants in the Market: Boston Properties, Too Shady Grove Orthopedic. Right next to the Shady Grove Hospital now, the medical group is examining options for about 15,000 square feet. The Walker Group has the representation. Two projects in particular would benefit from the change in the way Rockville tests for school capacity. Montgomery County. The county is out looking for a consolidation of several locations into a single space of approximately 80,000 square feet. Sources believe the search has been whittled to a handful of buildings in the Rockville area. Strayer University. The provider of knowledge is out looking for a location of about 12,000 feet, to replace its Rockville quarters. CBRE has the brokerage. IBM. One of the company’s three approximately 15,000 foot requirements reportedly landed upcounty, but two remain on the hunt. IBM is consolidating down from a big presence on Frederick Avenue in Gaithersburg. CBRE has the brokerage. Hilti. The construction tool maker is looking for about 6,000 to 8,000 square feet in Bethesda. Avison Young is the broker. Centrus Energy Corporation. Now on Rockledge Drive, the company is touring for 20,000 feet. CRESA is the broker. Whole Foods. 40,000 square feet is the requirement the high-end grocer seeks. Right now it operates off Security Lane in Rockville. Avison Young has the representation. Habitat for Humanity. The non-profit that builds houses needs about 20,000 feet for in-county growth. JLL has the representation. EYA, AvalonBay After APF Switch They are builder EYA, with its plans to develop townhouses in Tower Oaks, and AvalonBay Communities, looking to develop apartments off Twinbrook Road. Rockville’s current test is, unequivocally, tougher than the county’s, and difficult to pass. A vote is slated for this week on legislation that would bring the City’s test in line with that of the county, which allows greater congestion, 120 to 110 percent, before a school is considered overcrowded, and a longer outlook, from two to five years. Of the two projects, AvalonBay is the longer suffering. The company owns four acres at 12720 Twinbrook, next to the Metro, on which it has had a site plan application pending before the City since 2009. Stymied by a school moratorium and increasingly the poster child for the kind of economic benefits lost by the present school test, the 240-unit project would generate, according to testimony by AvalonBay’s Jonathan Cox, ten students. Cox told the Council that if built under a new school test, AvalonBay could pump into Rockville’s economy half a million dollars a year in property taxes, new retail shoppers, affordable housing through MPDUs, and school impact taxes of $1.1 million. Plus $340,000 if a school facilities charge is applied. EYA’s plans are less specific as it has not submitted anything yet, but it hopes to develop part of Tower Oaks in a townhouse community, and has likewise been stymied by the school test. For its part, Tower Oaks developer Boston Properties also wants the school test changed, so it can sell the remaining 41 acres of the office park for residential development. The company’s Caitlin Shelby testified that Tower Oaks has proven to be no Reston Town Center. The company bought land in the two projects at about the same time, but ‘the trajectory of those two sites could not be more different,’ she said. Tower Oaks has yielded about 380,000 feet of new development, Reston Town Center over six million. Adding insult to injury, Shelby pointed out that Boston’s Reston projects are ’99 percent leased.’ “The remaining land we own (at Tower Oaks) is far better suited to residential use,” she said in closing. But unless the APFS changes, that won’t happen soon. Petrie Adds to Anchor Lineup at City Place Petrie Ross Ventures has lined up three new anchors in its makeover of City Place Mall. The trio are TJ Maxx, Ross Dress for Less, and Michael’s, all slated to open when the Annapolis developer completes a wide-ranging cosmetic and merchandising retro-fit. Petrie’s aim is to solidify City Place, located on Colesville Road just north of Georgia Avenue, as a middle market destination with an emphasis on fashion. It won’t be Neiman Marcus, but it won’t be discount either. The three new anchors will join Burlington Coat Factory and Marshall’s at the 350,000 square foot mall. 3 Montgomery Newsletter Equity Shapes The New Westbard A new Westbard is taking shape on Equity One’s drawing boards. The developer has begun showing redevelopment plans for about 250,000 square feet of retail and 500 to 700 residential units, with the focal point a town center-style project on the site of the present Westbard Shopping Center. Much of the parking would be below ground. Equity’s Westbard visions accelerated the local sector plan and the company wants to tie the two together. It’s working with EYA to develop much of the residential. Early plans show townhouses, an apartment building and a condo building, and Equity’s Michael Berfield said EYA will almost certainly build the for-sale units. Whether it would build the rental is less clear. Giant Food anchors the current center and wants to stay, but its lease lapses in 2019, and Equity has interest from a variety of grocers to take its place. Floreen’s MPDU Bill Nancy Floreen’s impact tax exemption legislation is back, very nearly as it was introduced a few years back The Council member has three cosponsors to her effort this time to exempt market-rate rental units from the transportation and school development impact taxes when a project consists of at least 25 percent in MPDUs. Achieving 25 percent MPDUs is a doubling of the normal 12.5 percent required in new projects. Floreen pushed a very similar bill in the past but it never gained any traction. That however, was a different council. February 9, 2015 Towns Sought on Kensington Lots A Chevy Chase developer wants to use the new ‘townhouse floating zone’ to site 16 lots on Kensington Parkway. Nova Habitat Inc. submitted the zoning application recently that would change one and a half acres at 9213 Kensington Parkway from single-family to ‘TF-12’ zoning. Nova, headed by Edward Novak, has four lots under contract, and argues the lots were ‘excised’ from the larger Rolling Hills community when the Beltway was constructed. Thus, says the application, an opportunity exists to create a small enclave of towns oriented towards Rock Creek Park that Nova-Habitat would call ‘Creekside.’ The townhouse floating zone was created in the zoning rewrite, and it appears that Nova Habitat is the first to make an application for it. The lots are located just along the westbound off-ramp from I-495 to Connecticut Avenue, at Glenmoor Drive. In other Residential: ……The ‘Lodge’ in Chestnut Lodge burned down a few years back. And as the rest of the Rockville project has been built out with new houses, only grass has grown on the almost two-acre parcel that was left. Now, JNP Capital Management, headed by Jim Proakis, has paid $900,000 for the site off West Montgomery Avenue, and looks to redevelop it. Proakis said the original lodge, a sanitarium actually, was approved for a conversion to seven condos. The fire put an end to the proposed conversion but the density remains intact. JNP is studying its site options, and Proakis said he’ll meet with local residents soon. Whatever the plan, he said, the density will not increase. JNP financed the acquisition, made from a partnership headed by Chestnut developer Timothy Doyle, with a $1.4 million loan from Sandy Spring Bank. Most of Chestnut Lodge was built out by Michael Harris Homes, which wrapped up with four single-family closings in 2014 averaging just under $1 million. …..The Churchill Group is now the owner of 13 lots in Poolesville. By virtue of a $1.2 million payment, the Rockville builder bought a block of lots at 19420 Fisher Avenue, just on the way out of town. It financed the acquisition with a $5.09 million loan from M&T Bank. So far, Churchill doesn’t show the community on its website, but when it begins work, it will have little competition. Kettler Forlines in ‘Brightwell Crossing’ is the only sizable community in town right now. ……One recent buyer in Foxhall Homes’ Fairview community has a particularly nice home. Where most of Foxhall’s sales in the Burtonsville twoacre project have averaged just about $750,000, a December buyer closed at $1.07 million. The sale was the highest number Foxhall achieved in Fairview in 2014. At Presstime: The Washington Property Company parted with the LA Fitness in Silver Spring for $13.1 million. Excalibur Development is the new owner of the club, located at 8616 Cameron Street. Key to all the huffing and puffing that goes on inside the building is that it’s a 48,000 square foot, single tenant net lease. Greysteel Co. broker the transaction. 4 Montgomery Newsletter February 9, 2015 GSA Renewals Prompt Action An unusual number of GSA leases around the DC area expire within the next five years, prompting a coming federal ‘roundtable’ on how the government can get the best deals going forward. The House of Representative’s Committee on Transportation and Infrastructure will participate with GSA and reps from some of the largest agencies in the area to lay out a program for defining ‘cost-reducing opportunities’ in the region. Of the 377 million rentable feet that GSA owns or leases nationwide, 56 million of that sits right here in the D.C. region. And of that 56 million, 32 million feet of leases expire within five years. DOJ, DHS and HHS account for about half of those local expiring leases. It’s those numbers prompting the roundtable, and the prospect that the government can use its leverage to take advantage of a DC leasing environment that’s still a ‘tenant’s market.’ Based on the sheer volume of potential renewals, says a committee report, “there is a unique opportunity in the near term to produce real savings in GSA leases.’ The feds can improve space utilization rates, reduce the amount of space leased, and garner better concessions in coming negotiations. Right now, says the report, lease rates in D.C. and Virginia are about 5.5 percent below their peak, while Suburban Maryland is 15.1 percent below the top. Now’s the time, says the report, for the government to cut its deals before the market begins ‘swinging back to higher leasing costs.’ The roundtable is this Wednesday at the Rayburn House Office Building. Building Permits Issued January 21 – February 3, 2015 Bethesda Michael Harris Development, One Preserve Parkway, #750, Bethesda, Md., (703) 848-4920, to build a $250,000 unit at 5518 Alta Vista Road, Bethesda, in ‘Bethesda Mews;’ Inhale Inc., 4938 Hampden Lane, #330, Bethesda, Md. (301) 652-4440, to build a $250,000 unit at 5804 Linder Lane, Bethesda, in ‘Wyngate;’ Bo-Bud Construction, 9679-C Main Street, Fairfax, Va. (703) 932-2495, to build a $400,000 unit at 6507 Pyle Road, Bethesda, in ‘Merrimack Park;’ 5607 Chesterbrook LLC, 5200 River Road, Building 6, Bethesda, Md. (301) 986-4966, to build a $600,000 unit at 5607 Chesterbrook Road; Douglas Construction Group, 8429 Fox Run, Potomac, Md. (301) 983-6947, to build a $310,000 unit at 5603 McKinley Street, Bethesda, in ‘Huntington Terrace;’ Tilden Partners LLC, 6110 Executive Blvd, #430, Rockville, Md. (301) 8646500, to build a $400,000 unit at 5910 Anniston Road, Bethesda; M&M Builders and Contractors, 8009 Brethren Drive, Gaithersburg, Md. (301) 580-8013, to build a $500,000 unit at 9313 Singleton Drive, Bethesda; Sandy Spring Builders LLC, 4705 West Virginia Avenue, Bethesda, Md. (301) 913-5995, to build a $750,000 unit at 7612 Denton Road, Bethesda; Castlewood Consulting, 4825 Bethesda Avenue, #306, Bethesda, Md. (301) 347-1627, to build a $205,000 unit at 8206 Thoreau Drive, Bethesda; Castlewood Consulting, (301) 347-1627, to build a $205,000 unit at 5824 Plainview Road, Bethesda; Other Locations Sterling Custom Homes, 10801 Fox Hunt Lane, Potomac, Md. 20854, (301) 657-6699, to build a $250,000 unit at 3701 Lawrence Avenue, Kensington; Custom Elegant Homes, c/o Jay Bhalla, 3521 McLean Avenue, Fairfax, Va., (202) 498-5755, to build a $500,000 unit at 10525 Tulip Lane, Rockville, in ‘Horizon Hill;’ NVR Inc., 555 Quince Orchard Road, #240, Gaithersburg, Md. (301) 258-0002, to build six 175,000 units in ‘Clarksburg Village,’ at: 22368 Winding Woods Way; 22367 Bright Sky Drive; 22805 Glacier Lily Drive; 22468 Castle Oak Road; 22355 Winding Woods Way; 22364 Winding Woods Way; Patrick Keating, Builder, 4800 Waverly Avenue, Garrett Park, Md., (301) 9491706, to build a $700,000 unit at 4417 Stanford Street, Chevy Chase; Sterling Collection, 11117 Smokey Quartz Lane, Potomac, Md. (202) 365-3995, to build a $200,000 unit at 3309 Decatur Avenue, Kensington; Winchester Homes, 6905 Rockledge Drive, #800, Bethesda, Md. (301) 8034800, to build a $300,000 unit at 13249 Redspire Drive, Silver Spring, in ‘Poplar Run;’ Winchester Homes, to build a $300,000 unit at 16708 Heartwood Drive, Rockville, Md. in ‘Preserve at Rock Creek;’ Richmond American Homes, 6210 Old Dobbin Lane, #190, Columbia, Md. (410) 312-2817, to build a $175,000 unit at 18412 Hickory Meadows Drive, Olney, in ‘Olney Springs;’ Beazer Homes, 8965 Guilford Road, #290, Columbia, Md. 21046, (443) 5396261, to build a $150,000 unit at 4210 Corams Lane, Burtonsville, in ‘Bentley Park;’ 5 Montgomery Newsletter February 9, 2015 Aegis Construction, 1010 Wayne Avenue, #200, Silver Spring, Md. 20910, (240) 880-4433, to build a $216,423 fitout of 7,187 square feet at the same address; Adam Crain, 231 Upshur Street, NW, Washington, Dc, 20011, (540) 818-5087, to build a $150,000 fit-out for Massage Envy Spa, at 18208 Village Center Drive, Olney; Minkoff Company, 11716 Baltimore Avenue, Beltsville, Md. 20705, (301) 652-3711, to build a $300,000 community center repair, at 3661 Turbridge Drive, Burtonsville; Townhouse Permits Issued Beazer Homes, (443) 539-6261, to build eight $90,000 townhouses on Longford Glen Drive, Germantown, in ‘Germantown Park;’ NVR Inc., to build five $95,000 units on Bright Sky Drive, Clarksburg, in ‘Clarksburg Village;’ Commercial Permits Issued January 21 – February 3, 2015 City of Rockville Permits Issued Fishers Lane LLC, 4445 Willard Avenue, #400, Chevy Chase, Md. 20815, (240) 333-3757, to build a $4.08 million cafeteria at 5600 Fishers Lane, Rockville; Fishers Lane LLC, 4445 Willard Avenue, #400, Chevy Chase, Md. 20815, (240) 333-3757, to build a fit-out of 620,240 square feet at 5600 Fishers Lane, Rockville; Washington Property Company, 4719 Hampden Lane, 3rd Floor, Bethesda, Md. 20814, (240) 482-8107, to build a $30.4 million mixed-use apartment building at 7100 Wisconsin Avenue, Bethesda; Jersey Mike’s Subs, 75 Beatrice Street, LaVale, Md., (202) 556-1511, to build a $150,000 restaurant fit-out at 2800 University Blvd, Silver Spring; Federal Realty Investment Trust, 1626 E. Jefferson Street, Rockville, Md. 20852, (301) 998-8100, to build $230,000 in exterior alterations at 12055 Rockville Pike, Rockville; John Kelly, 9901 Belward Campus Drive, Rockville, Md., (240) 268-5400, to build a $250,000 fit-out at 9901 Belward Campus Drive, Rockville; Monogram Residential, 5800 Granite Parkway, #1000, Plano, Tx., 75024, (240) 965-7696, to build a $200,000 pedestrian walkway at 9300 Corporate Blvd, Rockville; Host Hotels & Resorts, 6903 Rockledge Drive, #1500, Bethesda, Md. 20817, (240) 744-1000, to build a $400,000 fit-out of 11,738 square feet at the same address; Brookfield Office Properties, 250 Vessey Street, 15th Floor, New York, NY, (703) 419-0470, to build a $450,000 fit-out at 7475 Wisconsin Avenue, Bethesda; Sunrise Senior Living, 7900 Westpark Drive, #T-900, McLean, Va. 22102, (703) 273-7500, to build a $378,000 renovation at 19310 Club House Road, Gaithersburg; Tiffany Gee, 2 Chevy Chase Circle, #560, Chevy Chase, Md. 20815, (301) 654-2292, to build a $93,225 interior demo and fit-out for shell, at 5471 Wisconsin Avenue, Chevy Chase; John Moriarty Associates, 1005 N. Glebe Road, Arlington, Va. 22201, (703) 928-1838, to build a $900,000 fit-out at 9708 Medical Center Drive, Gaithersburg; Mo Gadalla, 20457 Seneca Meadows Parkway, Germantown, Md. 20876, (240) 344-6649, to build a $612,000 fit-out of 9,800 square feet for a daycare at 15895 Gaither Drive, Gaithersburg; Coakley & Williams, (301) 963-5000, to build a $341,000 fit-out for WFT Engineering, at 1801 Research Blvd; DPR Construction, (703) 795-8322, to build a $150,000 fit-out for Novartis, at 1700 Rockville Pike; Washington Group, (703) 237-9596, to build $116,000 in systems furniture, at 2277 Research Blvd; Korth Construction, (301) 921-9500, to build a $190,800 fit-out for Dragga, Hannon, Hessler & Wills, at 111 Rockville Pike; Deerfield Construction, (301) 947-4701, to build a $115,000 fit-out for Hendall Inc., at 1803 Research Blvd; Rockville Applications of Note STP2015-00242 – 1380 Piccard Drive. Request change of use to 203 senior housing units. Zoned MXE. Improved with existing all-suites hotel. Located at 1380 Piccard Drive, Rockville. Appl: Potomac Hospitality Service, 1660 L Street, NW, Washington, DC, c/o Conrad Cafritz, (202) 251-6160. STP2015-00246 – 4 Research Place. Minor site plan amendment for conversion of office building to self-storage. Zoned MXE. 5.4 acres. Building is 76,429 square feet. Located at 4 Research Place, Rockville. Appl: WPC Management LLC, 4719 Hampden Lane, #300, Bethesda, Md. 20814. (240) 482-8116. STP2015-00243 – Stanford Grill at Tower Oaks. Conversion of 8,071 square feet of office space to restaurant in existing building. Zoned PD-TO. Located at 2000 Tower Oaks Boulevard, Rockville. Appl: Tower Oaks Restaurant Holdings, 10500 Little Patuxent Parkway, #770, Columbia, Md. 21044. (410) 884-0220. 6 Montgomery Newsletter February 9, 2015 Pre-Preliminary Plans Submitted New Zoning Applications 7-20150080 – Saul Centers White Flint West. Zoned CR4.0. 5.48 acres. Propose three buildings with 715 multifamily units, 178,500 square feet office, 24,000 square feet retail. Located along the west side of Rockville Pike between Nicholson Lane and Marinelli Road, North Bethesda. Appl: Saul Holdings LP, c/o Saul Centers, 7501 Wisconsin Avenue, #1500E, Rockville, Md. 20814. (301) 986-6122. 7-20150070 – Seneca Farms. Zoned RC. 136.6 acres. Propose 27 single-family lots. Located on Seneca Road, 900 feet northeast of Springfield Road, Darnestown. Appl: Charles Jamison, Seneca Farms LLC, 6028 Dickerson Road, Dickerson, Md. 20842. (301) 831-1024. H-101 – Nova Habitat Inc. Request R-90 to TF-12 (Townhouse Floating Zone). 1.41 acres. Located at 9213 Kensington Parkway, at Glenmoor Drive, Kensington. Lots 1 -3 and part of 4 in ‘Rolling Hills.’ Propose 16 townhouse units. Appl: Nova Habitat, c/o Edward Novak, 7220 Chestnut Street, Chevy Chase, Md. 20815. (301) 656-5901. Real Estate Transactions of Note JBG/Crown Retail I, LLC, 4445 Willard Avenue, #400, Chevy Chase, Md., 20815, to RPAI Gaithersburg Downtown Crown, LLC, 2021 Spring Road, #200, Oak Brook, Il., 60523. Retail Units A and B in ‘Crown Commercial Condominium.’ Improved with 111,384 square feet retail space. Tax ID: 09-03702454 and 03702476. Liber 49728, page 444. Deed date: January 8, 2015. Purchase price: $63,648,849. JBG/Crown Retail II, LLC, 4445 Willard Avenue, #400, Chevy Chase, Md., 20815, to RPAI Gaithersburg Downtown Crown, LLC, 2021 Spring Road, #200, Oak Brook, Il., 60523. Seven lots and two parcels in ‘Crown Farm.’ Improved with 152,404 square feet retail space. Tax ID; 09-03702317 et al. Liber 49728, page 452. Deed date: January 8, 2015. Purchase price: $99,135,932. David H. Bowman, for Black Dog Receiver LLC to 227 East Diamond LLC. Parcel A in ‘J.A. Belt’s Addition to Gaithersburg.’ Located at 227 E. Diamond Avenue, Gaithersburg, Md. Lot is 5,628 square feet. Improved with 9,200 square foot restaurant. Zoned Commercial. Tax ID; 0902622152. Liber 49743, page 250. Deed date: December 31, 2014. Purchase price: $1,000,000. Lot 31 Public Garage Statutory Trust, c/o Douglas Firstenberg, Stonebridge Carras Associates, to Montgomery County, Maryland. Public Garage Unit in ‘Lot 31 Project Condominium.’ Tax ID: 07-03705880. Liber 49694, page 205. Deed date: January 16, 2015. Purchase price: $33,171,500. Pocahontas 40 LLC, 20449 Watkins Meadow Drive, Germantown, Md. 20876, to Fall Creek III, LLC, c/o Ruppert Properties, LLC, 23601 Laytonsville Road, Laytonsville, Md. 20882. Located on Hawkins Creamery Road, Laytonsville, Md. 40.6 acres. Tax ID: 01-03279094. Liber 49724, page 313. Deed date: December 30, 2014. Purchase price: $325,000. Mason Island LLC to State of Maryland. Three islands in the Potomac River, including Mason Island, totaling 273 acres. Liber 49713, page 111. Deed date: December 15, 2014. Purchase price: $800,000. Preliminary Plans Approved January 29 and February 5, 2015 1-20120250 – Chestnut Ridge. Zoned RMX-2 and RMX2C. 1.4 acres. 1 outlot and one lot. Propose 9,980 square feet retail/office. Located on the north side of Route 118 opposite Bowman Mill Drive (and at end of Waters Road), Germantown. Appl: MSQ LLC, c/o Morton Taubman, 1201 15th Street, NW, #200, Washington DC, 20005. (202) 3479090. Record Plats Approved January 29 and February 5, 2015 2-20141230 – Fari Estates. Zoned R-90. 7 lots. Located on the south side of East Randolph Road, 900 feet east of Fairland Road. Appl: Susan Chang, Everlakes LLC, c/o Design Engineering, (301) 258-1173, ext. 102. 2-20141490 – Damascus Hills. Zoned RE-2C. 1 lot. Located on the south side of Damascus Road, approximately 3800 feet east of Woodfield Road, Damascus. Appl: Edward Echard, 20312 Mallet Hill Court, Germantown, Md. 20876. (202) 438-5045. 2-20150120 – Mill Creek South. Zoned R-90. 2 singlefamily lots. Located at the northern end of Bounding Bend Court, off Amity Drive, Gaithersburg. Appl: Robert Cunningham, c/o Site Solutions, (301) 540-2001. 2-20140600 and 2-20140920 – Decoverly Hall. Zoned CR-2. 2 lots. Lots are 5.3 and1.6 acres. Propose apartments. Located in the northwest quadrant of Diamondback Drive and Key West Avenue, Rockville. Appl: Danac, at (301) 657-2600, or Camden USA, 1420 Springhill Road, McLean, Va. (703) 556-5766. 2-20150480 – Glen Echo Heights. Zoned R-90. 1 lot. Located on the west side of Walhonding Road, 700 feet north of Scioto Road, Bethesda. Appl: Jason M. Mackey, c/o Castlewood Consulting, (301) 347-1627. (Continued on Page 8) 7 Montgomery Newsletter February 9, 2015 Real Estate Transactions (from. 7) RESIDENTIAL VII Crown Farm Owner LLC, 10740 Parkridge Blvd., #110, Reston, Va. 20191, to Pulte Home Corporation, 10600 Arrowhead Drive, #225, Fairfax, Va. 22030. Lots 2 – 10 (Block D) in ‘Crown.’ Townhouse lots. Located on Crown Park Avenue, Gaithersburg, Md. Tax ID: 0903741581 et al. Liber 49695, page 33. Deed date: December 29, 2014. Purchase price: $2,206,710. VII Crown Farm Owner LLC, 10740 Parkridge Blvd., #110, Reston, Va. 20191, to KB Home Maryland LLC, 10800 Parkridge Blvd, #120, Reston, Va. 20191. Lots 22, 26, 27 and 31 – 35 (Block L) in ‘Crown.’ Located on Baldwin Street, Gaithersburg, Md. Townhouse lots. Tax ID: 0903703106 et al. Liber 49695, page 59. Deed date: December 23, 2014. Purchase price: $2,718,027. Clarksburg Village LC, c/o Elm Street Development, to NVR Inc. Lot 28 (Block GG) in ‘Clarksburg Village.’ Located at 22375 Sweetspire Drive, Clarksburg, Md. Lot is 4,766 square feet. Unimproved. Tax ID: 02-03739678. Liber 49695, page 195. Deed date: December 8, 2014. Purchase price: $187,950. Beazer Homes Corp. to CLKBG, LLC, c/o NVR Inc. Lot 7 (Block WW) in ‘Clarksburg Village.’ Located at 22650 Shining Harness Street, Clarksburg, Md. Lot is 4,200 square feet. Unimproved. Tax ID: 02-03722268. Liber 49696, page 293. Deed date: December 23, 2014. Purchase price: $175,000. Anna F. Vinci Slaysman to Churchill Classics LLC, 5 Choke Cherry Road, #360, Rockville, Md. 20850. Lots 1, 3, and 4 - 13 in ‘Vinci’s Addition to Poolesville.’ Located at 19420 Fisher Avenue, Poolesville, Md. 20837. 11.5 acres. Tax ID: 03-00039085. Liber 49714, page 287. Deed date: January 8, 2015. Purchase price: $1,200,000. Deed of Trust: $5.09 million, M&T Bank. Jeremy Bambara to American Signature Properties LLC, 5283 Corporate Drive, #300, Frederick, Md. 21703. Lot 11 (Block C) in ‘Kensington Trace.’ Located at 4305 Warner Street, Kensington, Md. 20895. Lot is 7,006 square feet. Improved with house (built 1948). Tax ID: 1301437243. Liber 49723, page 23. Deed date: December 10, 2014. Purchase price: $475,000. Peter E. Bowers to 4417 Stanford Street LLC, c/o Patrick Keating, Builder, PO Box 88, Garrett Park, Md. 20896. Lot 19 (Block C) in ‘Section 8, Chevy Chase.’ Located at 4417 Stanford Street, Chevy Chase, Md. 20815. Lot is 7,350 square feet. Improved with house (built 1923). Tax ID: 07-00470127. Liber 49726, page 138. Deed date: October 24, 2014. Purchase price: $875,000. Deed of Trust: $1.43 million, Capital Bank. Chestnut Lodge Properties Inc., c/o Timothy R. Doyle, to JNP Chestnut Lodge LLC, c/o James Proakis, 2428 39th Street, NW, Washington, DC, 20007. Parcel I (Block A) in ‘Chestnut Lodge.’ Located at 500 W. Montgomery Avenue, Rockville, Md. Parcel is 71,510 square feet. Zoned Residential. Tax ID: 04-03594801. Liber 49728, page 59. Deed date: December 30, 2014. Purchase price: $900,000. Deed of Trust: $1.43 million, Sandy Spring Bank. Builder Sales of Note Castlebuilt Bethesda LLC, c/o Douglas Todd Wood, to Amir Sarkarzadeh et al. Lot 24 (Block 4) in ‘Bradmoor.’ Located at 6008 Roosevelt Street, Bethesda, Md. 20817. Lot is 8,786 square feet. Improved with new house. Tax ID: 0700584760. Liber 49693, page 103. Deed date: December 19, 2014. Purchase price: $1,845,000. 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