15 May Hot Spot: Bethesda
As Montgomery County moves forward with new development projects, 2016-2017 is on record as seeing prodigious expansion for Bethesda with major projects that will unfold over the next two decades. The Bethesda Master Plan was approved by County Council and made headlines with announcements such as the Marriott moving their headquarters to 7750 Wisconsin Avenue, and the Downtown Plan, approved by the Montgomery Planning Board, with a central focus on social, economic, and environmental stability.
Several buildings in the area have been acquired for expansion or redevelopment with new deals being inked at these locales: The Landlow Building on 7910 Woodmont Avenue, 7700 and 7979 on Old Georgetown Road. Developers like Donohoe Companies and Brookfield Properties are making their mark in the area with several property deals. Revitalization is the buzz word as Bethesda will continue to see growth with renovations at Crescent Gateway on 6931 Arlington Road with plans to redesign the building both inside and out. Landlords are looking at new opportunities as they consider how upgraded rentals will attract new residents to desired locales.
Read our Bethesda Market Report here.