- The Washington Times - Monday, May 7, 2001

The Washington Metropolitan Area Transit Authority has selected a developer for the Silver Spring Transit Center, a proposed $40 million project that will include offices, apartments, shops and hotels.

The Foulger-Pratt Cos. and Mid-City Urban LLC will build the complex near the Silver Spring Metrorail station, the transit authority says.

The project calls for a 190,000-square-foot transit center, 250,000 square feet of office space, 250,000 square feet of apartments, 50,000 square feet of retail space, a 150,000-square-foot hotel and about 500 underground parking spaces.

Jim Foulger, vice president of the Foulger-Pratt Cos., says the project will continue the renewal of Silver Spring, one of the District's oldest suburbs.

"This is a large deal for Silver Spring," he says.

Foulger-Pratt is one of the developers of the ongoing Silver Spring revitalization project, which has attracted major tenants like the headquarters for media giant Discovery Communications Inc. and the American Film Institute.

The new Silver Spring Transit Center will be built over the next few years and will be funded by a $33 million grant from the Federal Transit Administration. Montgomery County will have a $7 million stake in the project.

The new complex, in the planning stages since the mid-1990s, will be "an outstanding example of transit-oriented development … that also represents the best in smart growth initiatives," says Cleatus Barnett, a transit authority board member.

Replacing Hecht's

The Hecht's department store and parking lot at the corner of Wisconsin and Western avenues in Chevy Chase will be replaced with a newer store and offices and apartments under a plan approved by Montgomery County last week.

The 1.5 million-square-foot project calls for 450,000 square feet of office space, 300,000 square feet of retail space, a 20,425-square-foot community center, 275 apartments and underground parking.

New England Development will develop the project, and could begin construction this year, according to Montgomery County planners.

The project will be built in phases. The new Hecht's department store and the parking are expected to be built first.

In other news

• Intrepid Connecticut Avenue LLC sold 1211 Connecticut Ave. NW to a private partnership for $24.9 million. Cambridge arranged the sale and will handle leasing. The eight-story building has 125,118 square feet of office and retail space and an underground parking garage with 82 spaces.

• Blake Real Estate has closed on a $15.5 million loan with Prudential for the permanent financing of that firm's building at 111 18th St. NW.

• Freemont Properties has bought 1130 Connecticut Ave. NW, a 219,358-square-foot office building, from a United States pension fund advised by Clarion Partners. The price was not disclosed. Local brokerages Cassidy & Pinkard and Sonnenblick-Goldman arranged the sale.

• Cafferty Commercial Real Estate Services has tapped construction firm L.F. Jennings to build a 48,000-square-foot, three-story office building in Alexandria's Poplar Run Office Park.

• Lerner Enterprises of North Bethesda has tapped D.C.-based Weihe Design Group as architect of a 10-story, 190,000-square-foot building planned at 20 M St. SE, across the street from the Navy Yard Metrorail station. Construction is scheduled to begin this fall.

• Structure Tone, a construction services firm, leased 10,323 square feet at 1005 N. Glebe Road in Arlington. Grubb & Ellis represented the company.

• Chris Baker can be reached at 202/636-3139 or [email protected]


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