Washington Property Company Breaks Ground on 338-Unit Apartment Building in Silver Spring, MD

Bethesda, MD-based Washington Property Company (WPC) will break ground shortly on its latest luxury apartment community, Solaire 8250 Georgia Avenue, just two blocks from the Silver Spring (MD) Metro and multi-modal transit station. This is WPC’s fourth Solaire-branded apartment community and its second in Silver Spring’s rapidly evolving Ripley District.

Upon completion of Solaire 8250 Georgia Avenue in spring of 2019, WPC’s four Solaire communities will total over 1,000 units, combining the finest amenities and high-end finishes with close proximity to Metrorail’s Red Line. Solaire-Metro, located just two blocks from Solaire 8250 Georgia Avenue, opened in 2012; Solaire Wheaton delivered in 2014; and Solaire Bethesda delivered in late 2016.

Rising 20 stories above Silver Spring’s “main street,” Solaire 8250 Georgia Avenue will offer a mix of studio, one-bedroom, and two-bedroom apartments with an average size of 760 square feet. The 470,000 SF structure will include three levels of below-grade secure parking. Lendlease of Rockville, MD is the general contractor; Design Collective of Baltimore is the architect. Streetsense of Bethesda is leasing the building’s 15,000 SF of street-level retail space, which includes room for outdoor restaurant seating.

The 338 apartments at Solaire 8250 Georgia Avenue will offer stylish, contemporary features such as quartz countertops, stainless steel appliances, fine cabinetry, wood flooring, large windows and private balconies. Residents will enjoy over 5,000 SF of amenity space including a resort-style rooftop swimming pool and pool deck; cyber café with free wi-fi; private courtyard with grilling areas; a state-of-the-art fitness center; and an expansive residents’ club room. The club room, which can be rented for private functions, will include a catering kitchen, library, flat-screen TV, indoor-outdoor fireplace, and game room. The building is designed to achieve LEED Silver certification.

WPC has worked closely with Montgomery County to lead the Ripley District’s transformation from former light industrial use to a vibrant transit-oriented neighborhood with an exciting new mix of dining, shopping, housing, employment, and entertainment options. The district will eventually be home to up to 3,000 people with over two million square feet of mixed-use development. WPC acquired the land for its latest development from Bethel World Outreach Ministries International in 2013.

A public-private partnership between WPC and the County recently delivered a new, expanded facility for Progress Place and Shepherd’s Table in the Ripley District, offering services to Silver Spring’s low-income and homeless population.

“Our latest Solaire apartment community is the culmination of more than a decade of work and planning, involving both the private and public sectors, to create a vibrant new mixed-use neighborhood in Silver Spring’s Ripley District,” said WPC’s Janel Kausner, Associate Vice President of Development. “It is also a milestone for Washington Property Company, with over a thousand apartments on Metro’s Red Line in Montgomery County’s most dynamic communities.”

Washington Property Company (www.washproperty.com) is a full-service commercial real estate company located in Bethesda, Maryland. Established by Charles K. Nulsen, III, WPC is involved in a full range of real estate investment services including acquisition, land use, development, property management, leasing, and construction management. WPC has developed more than eight million square feet of commercial space in the Washington, DC metropolitan area and currently has over 1.6 million residential square feet under development. WPC is actively pursuing office, multi-family, retail, and mixed-use development opportunities throughout the region. Through its management company, WPC Management, LLC, Washington Property Company manages over 1.8 million square feet of commercial space.

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