The Bethesda-based developer is preparing two developments under the moniker “EvolutionLabs” to take advantage of the growing life sciences demand in the county, including a 550K SF development near Pike & Rose, the developer announced Thursday.
That project, EvolutionLabs at North Bethesda, is planned to include three buildings at the intersection of Old Georgetown and Banneker roads. The first groundbreaking there would be in 2024, according to the release. Stonebridge is under contract to acquire the land for that project, Stonebridge principal Kent Marquis told Bisnow in an email.
The property will take advantage of the “urban, walkable, transit-oriented,” spaces under development near the White Flint Metro station, Marquis said.
“We feel the life sciences market in Montgomery County is looking for purpose-built labs that offer the convenience of an urban location,” Marquis said in a release.