TOPPING OFF IN BETHESDA
Marc Dubick's luxury Lionsgate condo development in downtownBethesda got concrete poured onto the last floor the other day—which meant we went to another Topping Off party. We're getting quite expert at them. We've learned they consist of big buffet tables of yummy food for all the workers. But that, if you want to see the actual view from the top, you have to climb a lot of stairs, since at this stage in construction the elevators aren't installed.
Above, workers in the background snake around the ground floor to the piles of pizza and tacos. Off to the side, top management from Davis Construction—Tom Gnecco, Dennis Cotter, and Peter Ege—follow the ?family hold back? rule to be sure there's enough food.
Lionsgate is the brainchild of Marc Dubick, below right, who was a top honcho with Lowe for 17 years until he started Duball LLC. The 12-story building features 131 market rate units (average 1600 SF), 27 affordable units, and amenities like valet parking, a 3500 SF day spa/salon, and (newly announced) an HSBC retail bank branch on the ground floor. Capital partner is CIM Urban out of California. Marc says five units have sold in recent days, two of them bought by someone for $2.8 million who will combine them as a penthouse.
But Marc's not resting on his laurels. In the middle of Friday's celebration, here he stands, above right, with colleagues Mitch Yentis and John Segreti in front of a scale model of their next project, 485 residential units and 45k SF of retail in downtown Rockville on which they hope to break ground early next year.
Together with reps from the last two pictures, Bisnow trudged up those 12 flights to see the view from the top. What we won't do for our readers!
On another front, K3 principals Paul Moore, Paul Fangmeyer, and Jeff Martello outside their headquarters in Reston, having just signed to build new space for Sharp Electronics in Arlington, and, keeping with geographic expansion plans, to do work in Maryland for the Prince George's County health department and Merrill Lynch.