A Bethesda Development Plans For The Kids Moving Back In
A rendering of Grosvenor Heights
College graduates are returning home in record numbers to live with their parents, and a townhouse project in Bethesda has prepared for this new reality.
The 99 townhomes at Grosvenor Heights, a new development that will go on sale this weekend (map), will offer the option for a studio living suite to be built out on the home’s lower level. Instead of an open finished basement — generally the norm for new townhouse developments — developer EYA will build out lower level suites with kitchenettes, full bathrooms and sleeping areas.
The floorplan for a lower-level suite.
“Many empty-nester customers have expressed to us that they want a space for their children to come home and live after college,” EYA’s Preston Innerst told UrbanTurf.
Research shows that there is a need for these types of living arrangements. A 2013 study from the Pew Research Center revealed that 36 percent of adults ages 18 to 31 are living in their parents’ home, the highest share in 40 years. The findings in that study were re-confirmed in a U.S. Census report from a few months ago.
Innerst said that the suite option is available on every home at Grosvenor Heights, and that the extra cost will be in the range of $10,000-$15,000. The homes, under construction now, will start at $1.1 million.
See other articles related to: bethesda, eya, grosvenor heights
This article originally published at https://dc.urbanturf.com/articles/blog/a_bethesda_development_plans_for_two_generations_coming_home/9542.
Most Popular... This Week • Last 30 Days • Ever
This week's Best New Listings includes a five-bedroom mid-century modern home in Beth... read »
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 »
- Best New Listings: Modern Homes Meet Mid-Century Aesthetics
- 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
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