New Luxury Condo Project Coming to Bethesda
The Post’s Jonathan O’Connell reported this morning that a new condo project will be breaking ground in Bethesda next year.
Bethesda Lane
The project, a partnership between seasoned condo developers PN Hoffman and StonebridgeCarras, will initially have 60 luxury condos ranging in price from $750,000 to $3 million. However, from the article, it sounds like the condo/retail development will be much larger once all construction is complete in 2014:
“In all, the two plan 250 units, 40,000 square feet of ground-floor retail and 1,300 underground parking spaces on what is now a county-owned parking lot at the corner of Bethesda and Woodmont avenues.”
That location is sure to be a big draw, as it is the southern end of Bethesda Row, the area’s retail and restaurant corridor. Many of the area’s popular eating and shopping options are less than a block away. The Metro is a seven-minute walk.
Following in the footsteps of DC condo projects like The Lacey (named after Florida Avenue Grill proprietor Lacey Wilson), one of the two new buildings will be called The Darcy in honor of Bethesda store owner William E. Darcy.
The construction of the new condos will not come without its bumps. O’Connell noted that not only will the developers have to relocate fiber-optic cables at the building site, which will likely result in road closures, but the 750 spaces offered by the parking lot will be “lost” until the new underground lot is built.
Similar Posts:
- Bethesda: Bedroom Community Gets Buzzing Cache
- Despite Shrinking Inventory, Financing for Condo Projects Hard to Come By
See other articles related to: bethesda, bethesda condo buyers, bethesda condos
This article originally published at https://dc.urbanturf.com/articles/blog/new_luxury_condo_project_coming_to_bethesda/2488.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro