From Bethesda Beat
Elrich seeks developer to build White Flint life sciences, tech campus
Montgomery County Executive Marc Elrich envisions a mix of bioscience companies, startups, technology companies and a university presence near the White Flint Metro station. But first, he needs to find a lead developer, he said.
Elrich described what he has in mind to more than 100 people who attended a virtual meeting Thursday night. The nonprofit organization Friends of White Flint, which advocates for the White Flint/Pike District, hosted the forum.
Elrich said the county has entered a memorandum of understanding with the Washington Metropolitan Area Transit Authority (WMATA) to develop land adjacent to the Metro station.
Elrich said the area is “perfectly positioned” for growth in life sciences and technology due to the site being close to federal agencies such as the National Institutes of Health, as well as its accessibility due to proximity to Metro’s Red Line and the Beltway.
“We’ve got the land. We’ve got the transportation. We’ve got the industry … and I’m willing to drive purpose-driven development,” he said.
Elrich said a focus on the life sciences and computing industries will help with job growth, which has been lacking in recent years compared to the Northern Virginia suburbs.
“In Montgomery County, we’ve been in a 10-year stall where virtually no jobs are coming to the county. And if you don’t have jobs, you’re not gonna get any housing built,” he said. “There aren’t people demanding housing. … And so, if we’re gonna get both of those things unstuck, we need to do something deliberate.”
Elrich said he is concerned about the net loss of private business in the county, as well as the fact that fewer people age 25 to 44 are choosing to live here.
“None of these are a good trajectory to be on,” he said.
Elrich said the aim is to ensure businesses that offer high-paying jobs come to the corridor.
“I do not need more minimum-wage jobs in Montgomery County. That is not gonna foster a lot of economic growth. It’s not gonna foster people who have the incomes who can live in the apartments that will be built,” he said.
When asked about potential tenants for the area, Elrich said he first needs to send a proposal to a developer. He said he is not sure of the timeline for getting a developer, but said it could potentially happen in six months.
“Unfortunately, I don’t control markets, but everybody tells me there’s interest. And I’m not talking about people I know casually. I mean, developers have said flat out there’s an interest in being here. So that to me is encouraging,” he said.
Elrich said three universities “expressed interest” in being partners for the project, but he did not say which ones. He said he is getting ready to talk with representatives with one of the universities for the fourth time.
Asked about the future held for the former White Flint Mall site, Elrich first said, somewhat lightly, “you’ll have to talk to Alan Gottlieb,” referring to the chief operating officer of Lerner Enterprises, an owner of the former mall site.
Elrich then added more seriously that he doesn’t see Gottlieb “sitting on the sidelines.”
“I’m sure that he’s talking to people who’ve been talking to people and is aware that there is a growing interest in life sciences for that area. And he is rather uniquely positioned in the sense that he has a boatload of land that he can configure,” Elrich said.