Category: Development News

New Name, Renovation Plans Attracting Potential Tenants to Discovery Building

With a new name and renovation plans in the approval process, the former Discovery building is drawing significant interest from potential tenants, according to Bryant Foulger, chairman of Foulger-Pratt. The Potomac-based company bought the building last fall in partnership with Cerberus Capital Management, a New York private investment firm. “It’s a great building. It’s an awesome building. That’s one of the things that attracted us to it,” Foulger said. “It’s a LEED Platinum building; it was one of the first in the area. It’s an attractive building, it’s well located, it’s next to Metro rail, Metro bus, soon to...

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Childcare Center Proposed for Veterinary Clinic Location

A Silver Spring veterinary clinic would be redeveloped into a childcare center under a proposal presented last night during a meeting of the East Silver Spring Civic Association. Ambassador Animal Hospital at 811 Sligo Ave., owned by Dr. Sailendra and Aruna Roy, would become a franchise of Kiddie Academy, an Abingdon, Md. company that provides educational childcare at about 200 locations around the country. The existing building will remain, said Grant Gary, president of brokerage services for The Woodmont Company, a Texas-based real estate services company serving as the project’s developer.  “We would actually be constructing the upper floor...

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Takoma Junction Developer Buys Property for Mixed-Use Development

The company selected for the Takoma Junction development has purchased a Takoma property with the intent of creating a mixed-use development, according to an announcement from the Old Takoma Business Association. The Neighborhood Development Company bought 218 Cedar Street N.W., which currently includes a 7-11 convenience store. The property is next to the Takoma Metro Station. According to the announcement, NDC plans “to develop the site into a mixed-use community providing approximately 30+ condominiums as well as approximately 10,000+SQFT of retail space.” NDC will be working with Square 134 Architects on the project. After a period of sometimes-contentious negotiations,...

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Co-op, Developer Reach Agreement on Takoma Junction Project

The Takoma Park Silver Spring Co-op and Neighborhood Development Co. have reached an agreement on several operational issues related to the redevelopment of a public parking lot next to the co-op. The Takoma Junction project encompasses an area at the confluence of Carroll (MD 195), Grant, Philadelphia (MD 410) and Ethan Allan avenues.  The draft site plan in April included spaces for a ground floor restaurant and/or café, with street-facing retail spaces along Carroll Avenue and potential office or studio space in the rear of the building. The plan shows another 25,000 square feet of leasable space on the upper floor;...

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Moonlight Representatives Preview 850 Sligo Ave. Redevelopment Changes

Representatives of Moonlight Inc. on Monday night previewed changes to the plans to redevelop and add new construction to a former office building at 850 Sligo Ave. The existing building, which has been vacant for nearly two years, will be converted to apartments; new additions will add units to bring the total to 86 apartments. The plans call for consolidating the current four entrances to the property to two. One will lead off of Sligo Avenue to an underground loading dock. The second will turn off of Gist into a below-grade parking garage with 33 spaces for residents. Attendees...

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