Councilmembers Hans Riemer and Andrew Friedson introduced legislation Tuesday that would extend Metro’s existing property tax abatement for 15 years for new high-rise development. Bill 29-20, the “More Housing at Metrorail Stations Act,” would require the Director of Finance to offer a payment in lieu of taxes for a high-rise building constructed by a private developer on property leased from the Washington Metropolitan Area Transit Authority at a Metro station.Read More
Category: Development News
Two businesses have signed leases for space on the street level of Central apartments, located on the corner of Wayne Avenue and Fenton Street. The new tenants are local &Pizza and Lifestyles Nail Bar, Inc., according to Julie Chase, a representative of developer Grosvenor Americas.Read More
Washington Property Company broke ground this week on what will be Silver Spring’s tallest building, a 26-story apartment tower in the Ripley District. Solaire 8200 Dixon will include 403 units, primarily one-bedroom apartments with about 100 two-bedroom units.Read More
A Puerto Rico-based university will consolidate and expand its local offerings in the Inventa Towers in downtown Silver Spring. Ana G. Méndez University has agreed to lease 28,500 square feet of space in the former Discovery headquarters and plans a May 2020 opening, according to a press release from the Montgomery County Economic Development Corporation.Read More
Washington Property Company has entered into a contract with Colichio Consulting to assist with the establishment of a food hall/city market in its next Silver Spring apartment project, Solaire 8200 Dixon, the company announced. The market concept was first revealed by in May by Charles K. Nulsen III, WPC president, in an interview with the Source.Read More
The County Council will hold a public hearing on the draft Forest Glen/Montgomery Hills Sector Plan tonight, according to the schedule released this week. The plan covers the Georgia Avenue corridor from the edge of downtown Silver Spring at Spring Street to Dennis Avenue. It is intended to consider land use and transportation strategies, including traffic conditions and redevelopment opportunities, and make recommendations that will improve the area.Read More
The Takoma Park City Council has adopted a long-term housing and economic development strategic plan, city officials announced. The 2019-2030 Housing and Economic Development Strategic Plan is designed to be a “coordinated approach needed to move Takoma Park towards a ‘Livable Community for All’ for this and future generations,” according to the introduction.Read More
Councilmember Evan Glass (D-At Large) has introduced the Housing Impact Fairness Tax (Bill 34-19) that would, under certain conditions, tax new home construction following the demolition of an existing single-family home. Co-sponsored by Councilmember Will Jawando (D-At Large), the bill would earmark the new revenue for school construction and affordable housing initiatives.Read More
The operators of Downtown Silver Spring will permanently close Ellsworth Drive to vehicular traffic, and lay down nontoxic artificial turf to create what’s described as a “linear urban park.” Bryant Foulger, chairman of Fougler-Pratt, one of the complex’s owners, presented plans for a $10 million renovation of the area to a generally receptive audience of about 60 people last night.Read More
Representatives of the owners of the Downtown Silver Spring development will hold a community meeting Monday Sept. 16 to present plans for the complex’s renovation. The meeting will be held at 6:30 p.m. in the Silver Spring Civic Building.
A $10 million renovation of the area was announced in May by The Peterson Companies (which manages the development) and Foulger-Pratt that, together with Argo Investment Co., owns the complex.
Construction of a planned Residence Inn at the corner of Georgia Avenue and Colesville Road has been held up pending the replacement of a sewer line, according to the developer. It will require coordinating with multiple government agencies.Read More
The owners of the Downtown Silver Spring development are planning a $10 million renovation of the area that will include public art and a new outdoor plaza featuring green space.Read More