MULTIFAMILY TUESDAY: MILITARY'S ON-BASE PERCENTAGE

For the first time, the military is having a developer put up apartments on base without ordering soldiers to live there. Picerne Military Housing is building 428 garden-style units at Fort Meade for junior enlisted service members at its own risk, but the base's BRAC-induced influx of young techies makes the firm's founder pretty comfy with the arrangement.
Photo credit: White House Photo Office
John Picerne (with First Lady Michelle Obama on the White House's South Lawn in April) tells us he's breaking ground in August on the $80M, 816-bed apartment complex, which will deliver in phases over three years and serve the young, single soldiers that thus far have had to use stipends to find private housing. He says 1,400 of the junior enlisted service members who work at the base live outside its gates, and that's before Cyber Command personnel come around. John was at the White House for a ceremony in which his Our Family for Families First Foundation was honored as the People's Choice in the Joining Forces Foundation Challenge.
We snapped this little guy last fall on the golf course being razed for Cyber Command (no word whether he'll get a stipend for off-base housing). John says the military likes to have junior enlisted soldiers on base as part of its leadership-growth structure (military terminology: "unit integrity and warrior ethos"), but Fort Meade has enough on-base housing for only half the junior enlisted soldiers assigned there. The upcoming, partly furnished units will feature identical master suites (this is a democracy, after all), high-speed Internet, cable, washer/dryers, and a clubhouse with a game room, video room, gym, pool, volleyball courts, the works. John's first Fort Meade project delivered in 2000, and he's built $450M worth there.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Energy Company Opens 125K SF Newton Office: The Boston Deal Sheet

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Healey's New Data Center Rules Make Massachusetts A Tough Sell For Developers

Anthropic Doubling Local Presence With Cambridge Office Lease