A sign of what is to come
North Bethesda Market features 24-story tower
Construction of North Bethesda Market, which features the tallest residential building in Montgomery County, is scheduled for completion in October, said Kai Reynolds, executive development officer for the project's developer, JBG Companies in Chevy Chase.
The mixed-use development across from White Flint Mall is a sign of what is to come under the newly approved White Flint Sector Plan, which will determine the development of 9,800 new apartments and condominiums and nearly 6 million square feet of commercial space over the next 30 years.
A 24-story tower, the centerpiece of North Bethesda Market, will offer 187 luxury units. A six-story mid-rise building will offer an additional 210 units, Reynolds said.
Some residences will be available for lease early this summer and ready for occupancy by late summer, said Erin Gelzer, development manager for JBG Companies.
The Market will feature 200,000 square feet of retail, including a Whole Foods Market and L.A. Fitness. Other retailers are being sought. Apartments will sit atop the grocer.
Reynolds said he doesn't know when retail will open at North Bethesda Market though it could happen as soon as later this year.
The recession has had an impact on the development, which started construction in December 2007.
"I think one aspect is retail leasing is going more slowly than three years ago," Reynolds said. "It's too early to tell the result. We think there is a strong market for residential. A lot of people want to line up there and we think our project is great."