Washington Property Co. broke ground on the latest transit-oriented development in Bethesda (aka Towson’s role model) on Monday.
Bethesda Solaire, a $60 million mixed-use development, is scheduled to open in 2016. The project will provide 139-luxury apartments, 6,400 square feet of retail space and a two-level underground parking lot.
“Solaire Bethesda will set a new standard for modern urban living in Bethesda,” Daryl South, Washington Property Co. senior vice president said in a news release. “The property’s numerous amenities and proximity to downtown Bethesda’s renowned restaurants and retailers will attract residents who desire convenience and quality of life in one of the most coveted residential communities in the region.”
The development will be located 800 feet from the entrance of to the Bethesda Metro station and the proposed Purple Line light rail station. Amenities will include billiards, a bar and a cyber cafe.
Washington Property Co. purchased the former Eastham’s Exxon service center site, located at 7100 Wisconsin Ave., in 2011. The project is being financed with a $42 million construction loan from RBS Citizens Bank. The project is the company’s third Solaire branded project. The Solaire Silver Spring opened in 2012 and the Soliare Wheaton opened in 2014.