From Bethesda Beat
North Bethesda Market Apartments
PHOTO COURTESY OF NORTH BETHESDA MARKET APARTMENTS
As development of multi-family residences grows, a North Bethesda apartment complex is seeking to shift its design to reduce lower-level retail space to make room for more apartments.
The North Bethesda Market apartments, on the west side of Rockville Pike across from the White Flint Mall site, opened about a decade ago with 411 units and 223,000 square feet of restaurant or retail space.
The applicant, Boston-based real estate and infrastructure investor CBRE Global Investors, has submitted a development application to the county Planning Board asking for permission to convert 14,259 square feet of “unenticing” retail area on the second floor of the 24-story high-rise building into 13 new apartment units.
Ten will be two-bedroom “loft style” apartments, and three are proposed as one-bedroom units that lease between $1,500 and $2,600 per month, according to a company website. Estimated rent price for the loft-style apartments are not listed, but two-bedroom units of various styles are listed between $2,200 and $4,100 a month.
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