X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Source: JLL Mid-Atlantic Research Source: JLL Mid-Atlantic Research

BETHESDA, MD—The list of transportation projects geared at relieving its transportation woes has increased and so has the cost of these major infrastructure projects. However, a report by brokerage firm JLL contends these projects are vital to improving the connectivity of the region.

JLL reports that estimated development costs for the 10 largest transportation infrastructure projects now exceeds $35 billion. The report authored by Patrick Latimer, senior research manager, Maryland of JLL Mid-Atlantic Research, notes that the largest of those 10 projects already under construction is the Purple Line in suburban Maryland. Expected to open in 2022, the 16.2-mile light rail line connects the rapidly expanding Bethesda CBD directly with Silver Spring and Prince George’s County, and has already spurred multifamily development and proposals, including EYA’s 11-story Lindley building in Chevy Chase, which will deliver 200 units next month.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author

 

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.