BETHESDA, MD—LCOR has tapped ThomasBetts to be project manager for GatewayMarket—the company's planned mixed-use development in theUnion Market district. A project manager for Federal Realty Trust,Betts has over 25 years of experience in construction managementand consulting in commercial, mixed-use and residential realestate.

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In June the company announced it had closed on a mixed-usedevelopment site at 340 Florida Ave., NE.

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The 190,000-square foot project, which is expected to deliver in2017, will be the first residential offering in the Union Marketdistrict with some 188 apartments and 30,000-square feet ofground-floor retail. Edens will manage the retail component.

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LCOR purchased the site from Edens Realty and the Choi Corp. inJune. They had won secured entitlements to develop Gateway MarketCenter. Sources told the Washington Business Journal the purchaseprice was in the mid-$9 million range. The LCOR development isexpected to cost between $50 million to $60 million.

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