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312-Unit Building in $850M Project Set to Deliver

BETHESDA, MD-The $850 million North Bethesda Center will include 930,000 sf of office, 202,000 sf of retail and 1,275 multifamily housing units.

By Erika Morphy | Updated on May 21, 2008

BETHESDA, MD-The first building in an ambitious $850 million mixed-use project in the North Bethesda submarket is getting set to fully deliver. The first three floors of luxury apartment building Wentworth House are now open to renters, according to developer LCOR. The rest of the 18-story, 312-unit building will be fully delivered by the end of August.

With that first building underway, LCOR can turn its attention to phase II of the project, called North Bethesda Center, which at full build out will bring to market 2.7 million sf of mixed-use development, LCOR vice president Michael Smith, tells GlobeSt.com. “We will be breaking ground on the next apartment building in November.” Half of the North Bethesda Center will be devoted to multifamily–altogether the project will deliver 1,275 units in four 310-to-330-unit buildings.

The project will also have three office towers and one hotel tower. Recently, Smith reports, Westin signed on to be the flag for the hotel portion of the project. “It will be a 320 or so key, premium full service hotel, which is rare in this submarket.” Phase II will also include the development of one of the office towers, which is expected to break ground at the beginning of next year, and the hotel tower. There will also be 125,000-sf of retail delivering in phase II, he says.

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