StonebridgeCarras Unveils Plan For $300M Bethesda Mixed-Use Project

The plan for a major development on a prime downtown Bethesda corner where a police station now sits is beginning to come into focus.

StonebridgeCarras unveiled its proposal Monday to build a 250-foot-tall mixed-use development with a 390K SF office building and a 225-room hotel at 7359 Wisconsin Ave.

The development, at the corner of Wisconsin and Montgomery avenues, would be built on the site of the Second District Police station, across the street from the Bethesda Metro stop. As part of an exchange with Montgomery County, StonebridgeCarras is also building a new police station at 4823 Rugby Road.

The developer last month acquired 4630 Montgomery Lane, the final parcel needed for the mixed-use development. It presented its plans to the community Monday night and plans to file its site plan application next week.

StonebridgeCarras principal Doug Firstenberg said the full project is expected to cost $300M. He expects to break ground in Q1 2019 and deliver in 2021. The developer is in talks with a potential partner, whom Firstenberg could not yet name, that would build and own the hotel portion. He said the hotel will be a new, upscale brand.

For the office portion, StonebridgeCarras has retained JLL's Amy Bowser and Bernie McCarthy as the leasing agents. It also brought on New Haven-based Pickard Chilton as the design architect and Cooper Carry as the architect of record. Firstenberg expects the project will appeal to the professional service sector, such as finance or insurance firms.

“In our mind, it's a good, if not the best, office site in Bethesda,” Firstenberg said. “We think the market will be very strong.”

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

D.C.'s Office Market Is Getting A Makeover

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

Food And Beverage Increasingly Becoming Anchor In Mixed-Use Projects

CGI Merchant Had A-Rod's Backing And A $650M Fund. Then It Bought Trump's D.C. Hotel And It All Fell Apart

Brookfield Offloads 3-Building Silver Spring Office Complex

Student Housing Investor Buys Foggy Bottom Residences: The D.C. Deal Sheet

'We Messed Up With Rent Control': CRE Execs On MoCo's Multifamily Hurdle

New National Geographic Museum Food Hall By Winmar Blends Design With Elevated Dining

Beacon Partners Sells Charlotte Mixed-Use Development For $92M

Commanders Pick Clark Construction, 2 Others To Build D.C. NFL Stadium

Maryland ICE Facility Construction Can Resume After Court Reinstates Permits

JBG Smith Says Loss Is Improbable From $356M Wardman Tower Ruling