WHEATON, MD-B.F. Saul has been tapped by the WashingtonMetropolitan Area Transit Authority and Montgomery County to builda mixed-use, transit-oriented project on 8.2 acres of land owned byWMATA and the county near the Wheaton Metro Station.
The site can hold up to 1.7 million square feet of mixed-usedevelopment. Once a development concept is put together andapproved, the land will be transferred to B.F Saul for development,Gary Stith, deputy director with the Department of GeneralServices, tells GlobeSt.com.
Such development is long in coming for this submarket, whichalthough located some 10 miles away from the District, has littleoffice product and virtually no hotels. Although still in theconceptualization stage, Stith says B.F Saul is considering a hotelfor the project and almost certainly office and residential.“Retail is not going to be the dominant use for this project,” hesays, noting that most of Wheaton’s business district consists ofretail. B.F Saul did not return a call to GlobeSt.com in time forpublication.
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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.
