Category Archives: Real Estate
Triangle Towers: Just a Quick Shout Out
Just a quick shout out to Shawn, Ibrahim and the rest of the friendly front desk staff at the Triangle Towers – thanks for your positive energy!
Symphony Park at Strathmore (Bethesda North)
Speaking of interesting real estate projects…..there is no doubt that Symphony Park is a project that I have felt really good about from the moment they broke ground a couple of years ago.
The location is fantastic – the project blends into the grounds of Strathmore Music hall in north Bethesda and is just south of the new development scheduled for the White Flint mall area.
The concept is wonderful – this green space and arts integrated community gives owners the opportunity to interact with the nationally renowned Music hall while living in a serene green environment.
The properties themselves are fantastic – they have won numerous awards and have features including optional elevators, high end kitchens and wonderful floor plans.
I’d love to take you to Symphony Park to tour their model homes and meet their sales VP. The final phase is on tap for delivery. So, if you want to chat about Symphony Park or any other real estate matter, drop me a line at rajlaw@yahoo.com or give me a call at (240)486-3921. Cheers!
One Bethesda Center Changes Hands
Just an FYI on a purchase of some significance:
“New York investor and real estate developer Bernard Spitzer has purchased One Bethesda Center, a Class A office and retail complex at 4800 Hampden Lane in Bethesda…..”
Big Changes to 7001 Arlington Road Concept
It seems that the US Postal Office will not be a part of the new project at 7001 Arlington Road. The USPS was scheduled to be a tenant but that will no longer be the case according to reports. This, it seems, will lead to a reimagining of the project with residential property being a bigger part of the project. It should be interesting to see how this takes shape…..stay tuned for more info!
Interesting Real Estate Seminar at Washington Post
Friends,
I went to an interesting real estate panel at the Washington Post yesterday. The goal was to look at the housing trends in DC and the surrounding area. One interesting point raised by Paolo Verrone (Broker Weichert Realtors DC) was that all sectors of the District (and touching neighborhoods) are seeing some very interesting real estate projects being green lighted, leading to increased interest from buyers. This struck me as being right on the money and if we think about the projects being started in Bethesda and Norh Bethesda, we can see how our little town is bolstering this area wise positive feeling about growth and development.
More thoughts to follow on this later…..
High End Hotel Coming to Bethesda
I thought that this was an interesting, and encouraging, indication of the local economy here in Bethesda. The Bethesda Court Hotel is slated to become a high end Westin hotel under new plans that the county needs to sign off on. This is the money quote for me:
Stephanie Coppula, a spokeswoman for the Bethesda Urban Partnership, a nonprofit that handles landscaping, maintenance and marketing of downtown. “It seems to be exactly what’s needed,” Hartman said. “The fact that they have a signed hotel is such a good sign for the economy and such a good sign for Bethesda.” County planners are seeing more projects in Bethesda, Krasnow said. “We are definitely seeing a flurry of activity right now,” she said. “Developers see a lot of opportunity for hotel and apartments.”
The whole article is certainly worth a read!
Doctors and Patients from Walter Reed: Welcome to Bethesda!
All doctors and patients will have been moved from Walter Reed in DC to Bethesda and Ft. Belvoir by tomorrow. Naturally this will have both immediate and long term real estate/ business ramifications for the impacted areas. In Bethesda we are already seeing a spike in housing demand (both rental and sales) and in time DC will see a large plot of land transformed. This article has some interesting details (more on the DC side) and it would be nice to get some feedback from our local Bethesda community regarding this transition. What are you noticing?
Bethesda: An Encouraging Housing Market Reminder
This morning someone sent me an article from the NYT discussing why the DC Metro area real estate market was so strong. There are many good points in the piece and it is worth reading/ taking another look. There is one paragraph in particular that seemed worth highlighting:
“Finally, greater D.C.’s housing market has benefited from its many great mixed-used, walkable neighborhoods, which continue to command a premium even in today’s housing market. Some of the old ones in the city — Georgetown and Dupont Circle, Logan Circle and the U Street Corridor – are well known. But many others, both in the inner-ring suburbs like Alexandria and Arlington, Bethesda and Silver Spring, and even further out in Tyson’s Corner, Virginia and Columbia, Md. – are showing the world the way to rebuild denser, more vibrant suburbs, which attract people and command higher prices.”
It was nice to see our home town referred to so postively in the piece. Of course this is nothing we don’t already know but thought it was worth flagging for you.
As ever, please do not hesitate to get in touch if I can help you with any real estate matter. Best way to reach me is email rajlaw@yahoo.com – cheers!
Abandoned Building, Hampden Lane
Out with the old and in with the new seems to be the way on Hampden Lane these days! We’ve mentioned this seemingly abandoned building several times to date on Bethesda Actually, but have never managed to find much information on it. Could it be a “phase two” to the new construction further up Hampden Lane, or is there perhaps a site office hiding in there somewhere? One thing’s for sure: it doesn’t look like it’s going to be turned back into a home/office any time soon…
