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Chesley Plans 100,000-SF Office Condo Project

BOWIE, MD-WF Chesley will develop Fairwood Office Park, a 100,000-sf office condominium project along Rte. 450. Construction of the dual-structure class A project is scheduled to get under way next spring and wrap up in the spring of 2007.

By Barbra Murray | Updated on August 24, 2005

BOWIE, MD-WF Chesley Real Estate Inc. has revealed plans to begin the development of Fairwood Office Park next spring. The 100,000-sf office condominium project will be erected along Rte. 450. The Crofton, MD-headquartered company is not discussing development costs. A spokesperson tells GlobeSt.com that the space is being marketed at a pre-construction sales price of $185 per sf.

Fairwood will offer class A condo space spread out equally among two structures in a location within proximity to Bowie Health Campus, Doctors Community Hospital in Lanham and Prince George’s Hospital Center in Cheverly. The property will also feature a developable pad site for a small building, as well as surface parking and limited underground parking facilities. Construction is on target to reach completion in the spring of 2007.

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