Lot 31 - The Darcy and The Flats at Bethesda Avenue
Bethesda, Maryland

PROJECT DETAILS

  • 350,000 SF mixed-use development
  • 88 luxury condominiums
  • 162 luxury apartments
  • 40,000 SF restaurant/retail space
  • 1,250 space public/private parking garage

PUBLIC PARTNER

  • Montgomery County Department of Transportation

JOINT VENTURE PARTNERS

  • PN Hoffman
  • Northwestern Mutual Life Insurance
  • Buvermo Investments Inc

PROJECT COST

  • $200 million capitalization

YEAR COMPLETED

  • 2015
See Project Description

PROJECT DESCRIPTION

A transformative mixed-use property in the heart of Bethesda Row, Lot 31 is a model urban infill development reflecting years of careful planning and public/private collaboration. The joint venture team of StonebridgeCarras and PN Hoffman with Northwestern Mutual worked closely with Montgomery County to redevelop two surface parking lots into a vibrant 350,000-square-foot residential and retail complex. As part of the partnership with the County, the project includes double the affordable housing typically required in a development. A new parking garage offers reserved parking for the development as well as 940 public spaces.

Lot 31 features two highly successful residential buildings: The Darcy, an 88-unit luxury condominium, and The Flats at Bethesda Avenue, a 162-unit high-end apartment complex. The 40,000 square feet of retail has premier tenants such as Pottery Barn, PassionFish and Paul Bakery. The transit-oriented development reflects the latest concepts in sustainability and creative urban planning, with amenities for pedestrians and cyclists, an appealing plaza and courtyard along the Bethesda Row streetscape, and LEED®-Silver certification for both residential buildings. The development has won numerous awards ranging from the Innovation Project Award by the National Council for Public-Private Partnerships to the Award of Excellence by the International Parking Institute.

Lot 31 - The Darcy and The Flats at Bethesda Avenue
Bethesda, Maryland

PROJECT DETAILS

  • 350,000 SF mixed-use development
  • 88 luxury condominiums
  • 162 luxury apartments
  • 40,000 SF restaurant/retail space
  • 1,250 space public/private parking garage

PUBLIC PARTNER

  • Montgomery County Department of Transportation

JOINT VENTURE PARTNERS

  • PN Hoffman
  • Northwestern Mutual Life Insurance
  • Buvermo Investments Inc

PROJECT COST

  • $200 million capitalization

YEAR COMPLETED

  • 2015
See Project Description

PROJECT DESCRIPTION

A transformative mixed-use property in the heart of Bethesda Row, Lot 31 is a model urban infill development reflecting years of careful planning and public/private collaboration. The joint venture team of StonebridgeCarras and PN Hoffman with Northwestern Mutual worked closely with Montgomery County to redevelop two surface parking lots into a vibrant 350,000-square-foot residential and retail complex. As part of the partnership with the County, the project includes double the affordable housing typically required in a development. A new parking garage offers reserved parking for the development as well as 940 public spaces.

Lot 31 features two highly successful residential buildings: The Darcy, an 88-unit luxury condominium, and The Flats at Bethesda Avenue, a 162-unit high-end apartment complex. The 40,000 square feet of retail has premier tenants such as Pottery Barn, PassionFish and Paul Bakery. The transit-oriented development reflects the latest concepts in sustainability and creative urban planning, with amenities for pedestrians and cyclists, an appealing plaza and courtyard along the Bethesda Row streetscape, and LEED®-Silver certification for both residential buildings. The development has won numerous awards ranging from the Innovation Project Award by the National Council for Public-Private Partnerships to the Award of Excellence by the International Parking Institute.

Lot 31 - The Darcy and The Flats at Bethesda Avenue
Bethesda, Maryland

PROJECT DETAILS

  • 350,000 SF mixed-use development
  • 88 luxury condominiums
  • 162 luxury apartments
  • 40,000 SF restaurant/retail space
  • 1,250 space public/private parking garage

PUBLIC PARTNER

  • Montgomery County Department of Transportation

JOINT VENTURE PARTNERS

  • PN Hoffman
  • Northwestern Mutual Life Insurance
  • Buvermo Investments Inc

PROJECT COST

  • $200 million capitalization

YEAR COMPLETED

  • 2015

A transformative mixed-use property in the heart of Bethesda Row, Lot 31 is a model urban infill development reflecting years of careful planning and public/private collaboration. The joint venture team of StonebridgeCarras and PN Hoffman with Northwestern Mutual worked closely with Montgomery County to redevelop two surface parking lots into a vibrant 350,000-square-foot residential and retail complex. As part of the partnership with the County, the project includes double the affordable housing typically required in a development. A new parking garage offers reserved parking for the development as well as 940 public spaces.

Lot 31 features two highly successful residential buildings: The Darcy, an 88-unit luxury condominium, and The Flats at Bethesda Avenue, a 162-unit high-end apartment complex. The 40,000 square feet of retail has premier tenants such as Pottery Barn, PassionFish and Paul Bakery. The transit-oriented development reflects the latest concepts in sustainability and creative urban planning, with amenities for pedestrians and cyclists, an appealing plaza and courtyard along the Bethesda Row streetscape, and LEED®-Silver certification for both residential buildings. The development has won numerous awards ranging from the Innovation Project Award by the National Council for Public-Private Partnerships to the Award of Excellence by the International Parking Institute.