Property Size

• 411 rental apartments
• 182,900 square feet of retail space

Local Population Density

• 6,500 people/square mile

Highlights

• Invested in the property through a venture with the property’s developer, The JBG Companies.
• Developed four stories of rental apartments above the retail shops on the south and west sides of the property, the north side of which features a 24-story, glass tower that is the tallest residential building in Montgomery County, Maryland.
• Located on Rockville Pike, two blocks south of the White Flint Metro transit station, which provides light-rail access for commuters to points throughout the Washington, D.C., metropolitan area.
• Directly across Rockville Pike from the now-closed White Flint Mall, which is slated to be redeveloped as a town center with a mix of residential and commercial land uses.
• The retail component, which is anchored by Whole Foods Market, draws from adjoining neighborhoods, the on-site residential community and the workforce in neighboring office buildings. LA Fitness, Arhaus Furniture and several restaurants serve as key tenants.
• Sixty-two of the apartments (15% of the total built) are designated as affordable housing for low- and moderate-income residents.
• Part of a multi-site portfolio of operating properties and planned development projects located in the Washington, D.C., metropolitan area that is jointly owned by MacFarlane Partners and The JBG Companies.

Awards & Honors

• Named Multifamily Deal of the Year for 2010 by the Washington Business Journal.

Related Websites

• North Bethesda Market

Walk Score:  86     |    Transit Score:  66     |     Bike Score:  n/a

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