September 27, 2017

StonebridgeCarras sets stage for its $300M Bethesda tower

StonebridgeCarras has set an ambitious timeline for its $300 million redevelopment of a prime corner in Bethesda, where it intends to build one of the area's tallest buildings. In a recently filed statement of justification for the 7359 Wisconsin Ave. project, Bethesda-based StonebridgeCarras said it expects a Montgomery Planning Board public hearing in January, to begin demolition of the three existing buildings at the site in the third quarter of 2018, and to deliver the project in early 2021. It’s an aggressive entitlement schedule, the statement says, in order to meet market conditions. The project involves the construction of a 250-foot-tall office and hotel project on the site of what is now Montgomery County’s Second District Police Station and several other low-rise buildings. ...READ MORE

August 28, 2017

StonebrigeCarras Announces Plans for $300M Bethesda Office And Hotel Project

StonebridgeCarras and Buvermo Investments, Inc. announced today their plans for the project at 7359 Wisconsin Avenue will include a 390,000 square foot office building and a 225 key hotel.  They have also announced that for the trophy office and hotel project: The Jones Lang LaSalle team of Trip Howell, Amy Bowser and Bernie McCarthy has been selected as the leasing agents for the office project. Pickard Chliton of New Haven, Connecticut has been retained as the Design Architect and Cooper Carry Associates has been selected as the architect of record for the project. ...READ MORE

July 10, 2017

StonebridgeCarras Aquires Final Parcel for 500k SF Downtown Bethesda Project

StonebridgeCarras and Buvermo Investments, Inc. announced today that they have closed on the land and building at 4630 Montgomery Lane in downtown Bethesda, Maryland, completing the assemblage of three parcels at the corner of Wisconsin Avenue and Montgomery Lane, resulting in one of the premier development sites in the Greater Washington Area.  Under the recently adopted Bethesda Central Business District Sector Plan, the site can be developed with up to 250 feet of height and will result in a commercial project of approximately 500,000 square feet. ...READ MORE

December 5, 2016

StonebridgeCarras to develop part of Hoffman Town Center

StonebridgeCarras is gearing up to launch a $400 million development at Hoffman Town Center in Alexandria, a mixed-use complex it sees as strong on attractions like the AMC Hoffman Center 22 multiplex but lacking in the kind of energy needed to make the most of the area. ...READ MORE

September 23, 2016

After signing massive federal lease in NoMa, StonebridgeCarras cashes out

The federal government's decision last year to ink one of the largest government leases in D.C. history has led to one of the largest investment sales this year. StonebridgeCarras and Walton Street Capitol have sold the third and fourth installments of their Constitution Square development in NoMa for $421.8 million to a partnership of MetLife and Norway's Norges Bank. The sale, which works out to about $500 per square foot, comes nearly a year after the Justice Department signed an 839,000-square-foot lease for all of Three Constitution Square and the as-yet-unbuilt Four Constitution Square. ...READ MORE