More than One Million Square Feet of Mixed
Use Projects Will Reshape Wheaton Triangle and M-NCPPC Site in Silver
Spring
Montgomery County
Executive Isiah Leggett announced the signing of a public-private partnership
agreement that will remake the downtown Wheaton Triangle. The agreement will
also create a new Georgia Avenue gateway to Silver Spring with mixed-use
development on the site of the current headquarters of the Maryland-National
Capital Park and Planning Commission (M-NCPPC), which also houses the County’s
Planning Board and Planning Department staff.
Together, the two
sites represent 1.1 million square feet of development that is expected to
advance Montgomery County’s smart growth, continue the revitalization of
downtown Wheaton, and move County departments and agencies from leased space to
a more cost-effective, environmentally sensitive, publically owned building.
The County’s
partners in this joint venture are affiliates of StonebridgeCarras, LLC, a
Bethesda-based real estate firm, and The Bozzuto Group, a Greenbelt-based
residential real estate company.
Wheaton’s new
downtown will be a transit-oriented development that includes a town square, a
Gold LEED (Leadership in Energy and Environmental Design) certified office
building, retail, residences, including affordable housing, and public parking.
The Montgomery
County Department of Transportation spearheaded the agreement. Under the terms
of the public-private partnership, StonebridgeCarras and Bozzuto will construct
the following in Wheaton on the existing County Regional Services Center and
the large surface parking lot on Reedie Drive:
• A 265,000
square-foot office building that will house the headquarters of the M-NCPPC,
Montgomery County’s Department of Permitting Services and Department of
Environmental
Protection, the Mid-County Regional Services Center and Wheaton
Urban District;
• New retail space
on Triangle Lane;
• A new Town Square
civic space adjacent to the Wheaton Metro Station;
• A 395-space
underground parking garage; and
• About 200 units
of mixed-income apartment community, of which 20 to 30 percent will be
designated affordable housing.
In exchange,
StonebridgeCarras and Bozzuto will acquire the current M-NCPPC site located at
8787 Georgia Avenue to redevelop into a 430,000 square-foot, mixed-use project,
including 26,000 square feet of retail and 360 residential units.
The current M-NCPPC
headquarters was built in 1953 and requires significant renovation and
expansion. Constructing a new building in Wheaton for M-NCPPC provides a more
cost-effective opportunity to also put in one place key County agencies that
are related to the development process. Design of the new 12-story building has
begun. Construction is expected to begin in 2016, with completion in early
2019.