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 [...]
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 [...]
Cameron House is a high-rise residential buildng that’s taking the place of the demolished St.Charles Apartments. The project is being developed by Behringer Harvard, Brookfield Real Estate and Fairfeild Realty. At a cost of close to $100 million, the 325 unit, 15 story highrise will have over 7,000 square feet of ground floor retail and is being marketed as luxury apartments.
In a memorandum addressed to County Executive Isiah Leggett and Planning board Chairman Royce Hanson, five members of the County Council shared several concerns about the new Silver Spring Library and Fenton Village area.
Councilmember’s Mike Knapp (District 2, D), Valerie Ervin (District 5, D), Marc Elrich (At-Large2, D), Phil Berliner (District 1, D) and George Leventhal [...]
So who wants to continue to leave their name on it? How many proponents want to continue to raise their hands in support? Which of Montgomery County Government “cohorts†wants to continue to feed the public from the trough of B.S.?
The Tennessean.com (now in archive) has a write up with unusual positive praise for the Downtown Silver Spring project.
David Dederer, Vice President of LandDesign Inc, “a design, land planning, landscape architecture, civil engineering, surveying and branding services firm†calls Downtown Silver Spring a “Model for Urban Mixed-Useâ€.
And can you believe he’s actually calling for [...]
Retail, Hotel and Market Commons
Total amount of retail would range between 200,000 and 250,000 square feet with up to three anchors. The current retail center including the Giant would be replaced because of the inefficient use of space. Retail would be at the ground floor of high-rises flanking East-West Highway with [...]
Before certain people start getting their panties in a bunch, it’s not exactly what you think. Evidently all of the CBD zones (or at least Bethesda and Silver Spring) can increase height if work force housing is part of a project using optional method of development (a plan with at least 20% public use space, increased [...]
There are several buildings along Georgia Ave going for the glass look that’s much needed in Silver Spring. This is a start but we still need a lot more glass buildings to balance out all the concrete, brick masonry and “commie block from Russia†looking buildings from the 60’s and 70s as well as one [...]
For the past three years Silver Spring has led the primary submarkets in Montgomery County with the lowest office vacancy rate.
According to Transwestern Commercial Services, Silver Spring’s direct vacancy stood at a respectable 5.7% although higher compared to 4.8% in the 3rd quarter of 2007. 10% is commonly known as a healthy equilibrium in a [...]
