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Metro Authority Approves 32-Acre White Flint Development

BETHESDA, MD-The Washington Metropolitan Area Transit Authority's pact with LCOR to develop a $450-million mixed-use development near a suburban Metro station is the largest ever approved by the Metro authority.

By Wendy Watkins | Updated on February 28, 2001

BETHESDA, MD-The Washington Metropolitan Area Transit Authority says it plans a new 32-acre, $450-million development near the White Flint Metro Station. Metro entered a joint agreement with LCOR Inc. for the mixed-use development, the largest ever approved by the Metro authority.

Under the agreement, LCOR will develop the property under a long-term land lease from WMATA. Current plans call for a mixed-use development including 1.2 million sf of office space, 200,000 sf of retail space and 1,338 apartments. The project is expected to generate an estimated 6,496 additional daily Metro trips at the White Flint station.

“Our joint development program is reaping tremendous dividends for local jurisdictions and Metro alike,” says Metro board member Carlton R. Sickles. “LCOR understands and appreciates our goals for this project, the community and the Metro system. With their expertise in public/private development, they are well-suited to be our development partner.”

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