BF Saul has released its plans for a mixed-use development in downtown Bethesda which would replace the buildings currently bound by Wisconsin Avenue and Tilbury Street, from Highland to West Virginia Avenues. The new, nine-story building would deliver 350 apartments in addition to 15,000 square feet of retail fronting Wisconsin Avenue. The developer would also … Read More
*Three ongoing Bethesda developments—the Marriott International headquarters, Avocet Tower, and an expansion at Suburban Hospital—made the list of the most expensive projects in the Washington region, according to an analysis by the Washington Business Journal. The projects add up to more than $1.7 billion in development in Bethesda. *Virginia-based developer McCaffery will break ground on … Read More
The median sold price for single-family homes in Bethesda for July was $929,250, representing a decrease of 11.5% compared to June 2019 and a 3.2% year-over-year decline. Closed sales for the month were off about 15% from the previous month, with homes selling after an average of 38 days on market, 56% lower than the … Read More
The Montgomery County Council voted unanimously Tuesday to change the zoning laws, removing significant barriers for homeowners who want to build Accessory Dwelling Units (ADUs) on their properties. At-large Councilmember Hans Riemer, chair of the Council’s Planning, Housing and Economic Development Committee, sponsored the measure, which is intended to increase options for renters in the … Read More
*The Montgomery County Planning Board will freeze residential construction in roughly 12% of the county for one year, starting July 1, due to overcrowding in neighborhood schools. Most of the areas in moratorium are in the southeastern portions of Montgomery County, including parts of Bethesda and Silver Spring. The suspension on new construction is intended … Read More
*Broad Branch Development is seeking permission from the Montgomery County Planning Board to redevelop a single-family home at 4702 West Virginia Avenue into eight smaller townhomes. The project includes 25,000 square feet of total floor area and below-ground parking with 16 spaces. This type of development would contribute to filling the gap of “missing middle … Read More
Here’s a roundup of the latest development news around Bethesda: Erickson Living will convert Marriott’s Bethesda Campus into a senior care center. The 33.6-acre property, situated on Fernwood Road, sold for $104.6 million. The developer currently operates 20 senior living communities in 11 states and has local centers in Silver Spring, Catonsville, and Parkville. Marriott … Read More
Bethesda-based real estate firm Saul Centers filed a sketch plan application for its redevelopment of the building at the corner of Wisconsin Avenue and Hampden Lane in downtown Bethesda. The project would entail replacing the existing office building at 7316 Wisconsin Avenue with a 250 foot-tall tower, delivering 390 residential units (15% MPDUs) and 11,000 … Read More
Buyer activity slowed in the Bethesda market in September, dragging down median sold prices for detached homes and condominiums. The townhouse market, however, saw an increase in sold prices, with the median sold price rising 41.1% to $1,005,647. Here are additional key data points from the latest Bethesda real estate market report (Source: MarketStats by … Read More
Bethesda’s residential real estate market remained robust in the month of June, with the median sold price for detached properties rising nearly 10% and an increase in new contract activity for townhouse and condo properties (Source: MarketStats by ShowingTime). Here are additional insights from the June market activity report for Bethesda: Detached Properties *Median sold … Read More