Brentwood, Tenn.-based GBT Realty has filed plans with the county to add residential space atop Ellsworth Place in downtown Silver Spring.
Plans call for approximately 425,593 square feet of residential space on 91,248 square feet of net tract space. The building is zoned within the Silver Spring Downtown & Adjacent Communities Plan, which was approved by the County Council last year.
“GBT Realty Corporation, owner of Ellsworth Place in Silver Spring, is seeking to modify the existing entitlements on the Ellsworth Place air rights from office to residential use in an effort to better align with Montgomery County’s Thrive 2050 framework,” a GBT Realty Corp. representative said in a statement to the Source. “Prior to GBT submitting a Sketch Plan Application outlining the redevelopment plans, the first step of this multi-step process; a community meeting to collect input is required.”
GBT Realty acquired Ellsworth Place from previous owners Petri Richardson Ventures for $92 million in 2018, which included the right to build atop the mall. Recent additions to the mall’s tenants include Outback Steakhouse and the Commas food hall, both of which are expected to open in the coming months.