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ROCKVILLE, MD—A joint venture between affiliates of Duball LLC, Daiwa House Group and the Housing Opportunities Commission of Montgomery County have acquired a 1.5 acre site in downtown Rockville that will immediately be developed into a $150 million eighteen story building. The development will have 250 market rate multifamily residential units, 150 senior affordable multifamily residential units, 19,000 square feet of street level retail and over 600 parking spaces.

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.

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