February 8, 2018

Planning Board Gives Thumbs Up to Hotel, Office Tower at Bethesda Police Station Site

County planning officials on Thursday praised a project to build a 250-foot “trophy” tower designed at a quality level not seen before in downtown Bethesda. But they don’t necessarily want other developers to copy Avocet Tower, the project at 7359 Wisconsin Ave., Montgomery County Planning Board members said. “This is an internationally known architectural firm. The artist is an internationally known artist, and it’s taking things to the kind of level of design excellence that we’ve been striving for,” Planning Director Gwen Wright said. “But I do think we have to be careful because others may try to say, ‘Well, you know, we can do this with the local architect we hired down the street.’ ” The board approved a package of plans for the project that will bring a roughly 220-room AC Hotel by Marriott and 400,000 square feet of office space. The 1.5-acre project site at the corner of Montgomery and Wisconsin avenues is now occupied by a county police station, Carpet Palace and an office building. “Hopefully, you’ll see today a development that, in our opinion, is really a phenomenal place-maker in the new Bethesda downtown,” said Jane Galbraith Mahaffie, a principal for the developer StonebridgeCarras. ...READ MORE

January 22, 2018

New 2nd District Police Station opens in Bethesda

Montgomery County government and police officials cut the ribbon Monday for the new 2nd District police station in downtown Bethesda. The four-story, 38,000-square-foot station opened on 4823 Rugby Ave., marking the end of an era for the district’s former longtime station at the corner of Wisconsin and Montgomery avenues, which opened in 1961. Bethesda-based developer StonebridgeCarras built the station as part of a public-private partnership in which the county gave the company the property of the former police station, which is across the street from the Bethesda Metro stop.County Council member Roger Berliner, who represents Bethesda, said the partnership was a “win-win for the private and public sector” and congratulated the local police force on the new facilities. ...READ MORE

December 4, 2017

Peace Corps To Move To 173K SF In NoMa

NoMa has lured another federal agency away from D.C.'s more established office submarkets.  The General Services Administration announced Monday it signed a 173K SF lease to relocate the Peace Corps to NoMa's One Constitution Square. The agency plans to move from 1111 20th St. NW in 2019. Its new home will be renamed the Paul D. Coverdell Peace Corps Headquarters, after a former U.S. senator and Peace Corps director. "The new, modern headquarters will enhance our agency's efficiency and productivity," Peace Corps CEO Sheila Crowley said. "The move to a green, thoughtfully configured space will allow our dedicated staff to better serve the public and fulfill the Peace Corps' mission of promoting world peace and friendship." StonebridgeCarras, in partnership with Walton Street Capital, developed the 350K SF office building at 1275 First St. NE in 2010, part of Constitution Square's first phase.   ...READ MORE

November 14, 2017

StonebridgeCarras Announces Wegmans Anchor Lease for Hoffman Town Center Project

The city of Alexandria is the latest to be graced with grocery favorite Wegmans: The chain will open an 84,000-square-foot store at Hoffman Town Center on the Eisenhower Avenue corridor.  The news confirms what WBJ first reported in May, that Wegmans was in talks to anchor StonebridgeCarras' 1 million-square-foot mixed-use project on 5 acres inside Hoffman Town Center. Wegmans’ entrance would be located on the corner of Stovall and Mandeville streets.  “Our pitch was, you can’t find a site with this combination of urban density, Metro access and regional road network,” said StonebridgeCarras CEO Doug Firstenberg. “For retail it’s phenomenal.”  Stonebridge expects to begin construction in early 2019 and deliver the first components in 2021. In the meantime, it’ll work on leasing up the rest of the retail space. Sam Hodges and Dimitri Georgelakos are representing Stonebridge in the retail leasing. Hodges also represented Wegmans in that lease deal.  ...READ MORE

November 9, 2017

StonebridgeCarras Expects to Begin Construction on 500,000 SF Development in 2019

Downtown Bethesda will get an AC Hotel, the buzzy hotel brand from Marriott International (NASDAQ: MAR), when StonebridgeCarras and its hotel partner, OTO Development, open a new mixed-use project at 7373 Wisconsin Ave. in 2021.  StonebridgeCarras expects to begin construction on the 500,000-square-foot development, which includes a 390,000-square-foot trophy office building, in 2019. The 219-room AC Hotel will be located on the corner of Wisconsin and Montgomery avenues, with the hotel’s ground-floor lounge spilling out onto a public plaza.  OTO Development is a hotel developer and manager that has worked with Stonebridge in the past. The two partnered on the Constitution Square development in NoMa that includes a Hilton Garden Inn. Buvermo Investments Inc., a Bethesda-based real estate investment firm, is also a partner on the Bethesda project. ...READ MORE