Archives for the ‘Real Estate’ Category

A no pass on ZTA could mean the end of Silver Spring Music Hall (update 2)

By Silver Springer • Aug 4th, 2008 • Category: Business and Economic Development, Government and Politics, Real Estate, TOP OF THE PAGE

When asked if the ZTA that would allow the so called public –use space (Silver Spring Fillmore) before the main project doesn’t pass, Bruce H. Lee, President of Lee Development Group and owner of the land in question responded “that would be bad news”. New question and answers unfolded during a special meeting with the County Executive office, Lee Development Group and the Silver Spring Scene.



Why do some people call City Place Mall, “Shitty Place Mall”?

By Silver Springer • Jul 28th, 2008 • Category: Business and Economic Development, MORE NEWS, News Round Up, Rating the Projects: The Best and the Worst, Real Estate, Silver Springer

In 1992 City Place Mall opened its doors to waiting patrons and news cameras. A new space integrated with the old Hecht?s building, it featured one of the strongest art deco facades in Silver Spring and defining architecture from the late 80s ? early 90s.



What’s the fate of Falkland Chase?

By Silver Springer • Jul 11th, 2008 • Category: MORE NEWS, Real Estate

You’ll just have to wait. A night of countless presentations and testimonies didn’t bring a verdict to the fate of two issues in contradiction. The decision on whether the 1938 Falkland Apartments, North Parcel would be spared from the wrecking ball or if developer Home Properties would be able to move forward and build the largest residential project in Silver Spring in recent times, was left open ended as the planning board takes more time to sort it all out.



Is it too late to dump the Civic Center?

By Silver Springer • Jul 2nd, 2008 • Category: MORE NEWS, Real Estate

At the cost of only $12 million the Chelsea School has single handedly accomplished what the County couldn’t. Despite a hefty design competition calling architectural firms from around the country, the County still couldn’t pull off something as magnificent as what the Chelsea School (not too far down Ellsworth) has managed to scrap together. I [...]



Just call it Apartment Springs

By Silver Springer • Jun 30th, 2008 • Category: MORE NEWS, Real Estate

Cause that’s the bulk of what we’re getting. The residential inundation continues in downtown Silver Spring and the latest participant is Washington Property Company and their 1050 Ripley Street. Despite the heavy market downturn and a tsunami of residential/apartment construction, the developer is still moving forward. In fact, On July 3rd, 2008, Washington Property Co [...]



My-Le Resurrection

By Silver Springer • Jun 17th, 2008 • Category: Arts, Food and Entertainment, Business and Economic Development, Real Estate

A reader has pointed out that the Vietnamese cuisine serving My-Le Restaurant, located at 8077 Georgia Ave is getting a makeover and a new name. Apparently (according to the reader) the place was set on fire closing it down for a few.

Investigators have pinned this one down as arson but the resurrection of the restaurant [...]



The Veridian Apartments

By Silver Springer • May 28th, 2008 • Category: Real Estate

JBG Companies has dropped the “Silver Spring Gateway” name in favor of calling the project “The Veridian Apartments“. “The Veridian Apartments at Silver Spring Metro” to be exact.



Midtown Silver Spring picked up by Home Properties

By Silver Springer • May 22nd, 2008 • Category: Real Estate

Kettler (formally KSI, Inc) has given into the slowdown taking a toll on the inflated residential market. Nationwide residential sales are down but there’s still hope left for the residential project that Kettler had planned for Silver Spring since 2004.

The Silver Spring project dubbed Midtown Silver Spring was planned to be part of Kettler’s Midtown brand of [...]



Silver Spring Office Vacancy Holds Steady

By Silver Springer • May 21st, 2008 • Category: Real Estate

While developers are making high risk investments by plopping office buildings in continually high vacancy submarkets in the region, Silver Spring’s continues to be healthy and the direct vacancy actually edged down in the 1st quarter of 2008.
The direct vacancy fell from 5.7% in the fourth quarter of 2007 to 5.2% in the 1st quarter of [...]



Bethesda’s answer to Ellsworth Drive

By Silver Springer • May 20th, 2008 • Category: Real Estate, Silver Springer

To all those calling Ellsworth drive in the Downtown Silver Spring Project “Disney land” you’ll be pleasantly surprised when you see Bethesda Lane. Let me start off by saying that in my opinion I think Bethesda Lane looks great, above average architectural detail for this area and lacking any blank walls. But one could argue [...]