ROCKVILLE, MD—Construction will begin shortly on The Metropolitan at Rockville Town Center, a 275-unit mid-rise luxury apartment complex. The developers, Kettler and Cornerstone Real Estate Advisers, acting on behalf of an institutional investor, just closed on a land and construction loan with Wells Fargo Bank. A spokesperson for Kettler declined to provide the loan amount.

The Metropolitan at Rockville Town Center will be located at 255 North Washington St., next to Rockville Town Square. The area is home to a number of biotech and software companies and their employees are in the market for quality housing, according to Asheel Shah, president of multifamily development at Kettler.

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