A five-year-old building, One Choke Cherry is located at the intersection of I-270 and Shady Grove Rd. It is also part of the future mixed-use community called Upper Rock District, which at full build out has been approved to deliver 844 residential units, a 9,000-square-foot-restaurant, 14,500-square feet of mixed retail and several parking facilities. Duany Plater-Zyberk & Co. is the designer of that community. JBG Cos. is the developer.
Shady Grove, a submarket of Rockville, has seen its fair share of development over the past few years. Some of the projects are moving toward completion; others are in various stages of the approval and pipeline process -- and more fundamentally – awaiting financing. Besides Upper Rock District, there is also Bethesda-based EYA's 91-acre redevelopment of the industrial park at Shady Grove, which is still in the approval process.
Paul Collins, Bill Collins, Drew Flood, James Cassidy and Jud Ryan of Cassidy & Pinkard Colliers represented the seller, which also was not disclosed. Cassidy & Pinkard Collier did not return a call to GlobeSt.com. JBG Cos. did not return a call either.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
