Search
 

Build-Out of 650-Acre Spring Ridge Community Nears Completion

FREDERICK, MD-Spring Ridge build-out nears completion as the last undeveloped parcel of land is sold to make room for a 144-unit senior living residence. There are already 1,800 residential units, as well as a substantial retail center on the 650-acre development.

By Barbra Murray | Updated on November 30, 2001

FREDERICK, MD-The concept for planned unit development (PUD) Spring Ridge began 12 years ago, and now Gaithersburg, Maryland’s Buchanan Companies completes build-out of the 650-acre community. A planned addition of a 144-unit senior apartment complex and an 18,600-sf supplement to the compound’s retail center will complete the Catoctin Mountains-area community. New York’s Conifer Realty purchases the last undeveloped parcel on the property to build the senior-living residents.

Already, Spring Ridge boasts over 1,800 residential dwellings, a 38-acre certified wildlife sanctuary, and retail space that includes a 50,000-sf Weis grocery store. Also, land has been designated for the building of a community fire station in the future. Unlike other planned communities that fell prey to the real estate market crash a decade ago, Buchanan has been able to keep Spring Ridge on the map. “Spring Ridge combines impressive amenities with a variety of quality-built housing choices,” explains Buchanan’s Russ Gestl. “Many people have moved here from both Frederick County and Montgomery County, looking for the benefits of a well planned community.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.