At the last White Flint Implementation Advisory Committee Meeting, Foulger-Pratt’s Vice President Dick Knapp presented their latest plan for White Flint redevelopment. Working again in partnership with ProMark Real Estate, the project is situated on a 2.7 acre site at Nebel Street and Marinelli Road. The property includes the former home of a Sport and Health Club and a fully-leased office building which houses tenants like The ARC of Montgomery County. Foulger-Pratt purchased the property back in December 2012 for $5.1 million.
The plan to is to provide “relatively affordable mid-rise housing,” says Knapp, and it will come in the form of two six-story buildings with underground parking. A central courtyard between the buildings will link the ground-floor amenity spaces of the LEED certified structures. Expected to break ground next year, the first building would deliver in 2016 with 206 units (and 190 parking spaces). The second building would deliver the following year with 156 apartments and 136 parking spaces. Located a short walk from White Flint metro, Knapp suggests that the project will target “young, entry-level Millenials” who want to be near transit but are still sensitive to price.
Although the buildings are slated as apartments, Knapp noted that the design is flexible. Seventy percent of the units will be studios and one bedrooms, the other 30% will be two bedroom units.
There are still many details to finalize for this project, called Tilden Place, so stay tuned as we learn more!