Showing posts with label Hotels. Show all posts
Showing posts with label Hotels. Show all posts

Tuesday, February 4, 2014

Bethesda's Building Boom: A detailed list of development activity in downtown Bethesda

Photo credit: BethesdaNow.com 
UPDATED 02/06/15

Since the delivery of a few projects between 2008-2009 (in the midst of the recent recession) there had been no new residential or commercial development projects completed in downtown Bethesda, Maryland. That changed just two weeks ago with the opening of the 17-story Gallery Bethesda apartment building in the Woodmont Triangle district. The Gallery is just the first in a slew of new high-density development projects to be constructed over the next few years in downtown Bethesda.

The vast majority of these projects  are residential in nature, with over 3,000 new apartment and condo units in the pipeline. However, a hotel is also in the works, and even a few office buildings, one of which is already under construction--a rarity in Montgomery County these days and Bethesda's first in over a decade. Nearly all of the projects in the pipeline are within walking distance of the Bethesda Metro station and/or the future Purple Line light rail station promoting transit usage.

THE FACTS
Coming to downtown Bethesda over the next several years:
- 30 projects
...including...
- 16 residential mid/high-rise apartment buildings
- 6 residential mid/high-rise condo buildings
- 5 office buildings 
- 2 hotels
- 1 police station
...containing...
- 4,003 residential units 
- 1,022,000 sq. ft. of office space
- 244,680 sq. ft. of retail space
- 452 hotel rooms

Here's a detailed list of all of the medium/high-density development projects going up around downtown Bethesda along with their current statuses (Remember to click on the photos to enlarge):

Tuesday, December 31, 2013

A Review of 2013 and a Look Ahead to 2014

There was quite a number of big news stories coming from the urban areas of the Mid-Atlantic in 2013. Below, we'll take a look at the most notable ones in each major city, as well as some more general trends apparent across the entire region. We'll also look at some of the most highly anticipated events of 2014.

Washington D.C.
Rendering of future DC United Stadium
Photo Credit: DC United
2013
DC United Stadium: DC United reached a tentative deal with the city to construct a new $300 million, 20,000 seat stadium in SW DC. The move is expected to spark continue the "revitalization" of the long-neglected neighborhoods in the area.

New Walmart Stores: The national retail behemoth opened two "urban-style" stores in NW Washington DC this month after a summer of controversy involving a new minimum wage bill that threatened to terminate the projects altogether. Three more stores are planned for the city, including one that is already under construction.

Bridges Complete: The 11th Street Bridges carrying I-695 and MLK Jr. Ave SE across the Anacostia River and the Wilson Bridge carrying the Beltway (I-95/I-495) across the Potomac River were officially completed this year. The bridges were largely complete at the beginning of the year, but minor construction work remained to be finished.

New Transportation Funding: Both Maryland and Northern Virginia received a major boost in funding for new transportation projects and system maintenance thanks to increases in gas and sales taxes respectively. 

City Center DC: The nearly $950 million, 5- block development began to deliver this month with apartments becoming available for lease. The second phase of the development, one of the largest in the nation, is expected to break ground next year and include a luxury hotel.