WHEATON, MD—Montgomery County,StonebridgeCarras and Bozzuto have cometo an agreement to redevelop downtown Wheaton. Theambitious design, spearheaded by the Montgomery CountyDepartment of Transportation, will add more thanone-million square feet of mixed-use projects to WheatonTriangle.
The plan is part of a larger vision Montgomery County ExecutiveIsiah Leggett has for the submarket;earlier this year he increased the scope of the Wheaton town squareplan, requesting the County Council approve nearly$144 million for the project. The new proposal was significantlylarger than the original plan that called for a 150,000-square-footbuilding—and was based on the agreement that was in the works withBozzuto and StonebridgeCarras.
Now completed, the public-private partnership deal calls forStonebridgeCarras and Bozzuto to build a 265,000-square foot officebuilding where the existing County Regional Services Center iscurrently sited.
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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.
