Lofts Being Proposed for North Bethesda Apartments

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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Fun Fall Events this Saturday at North Bethesda Market

Looks what’s happening Saturday at North Bethesda Market!

North Bethesda Market Sold to CBRE

From CoStar

CBRE Global Investors started 2018 off with a bang after acquiring the North Bethesda Market in suburban Washington, D.C. from Capri Investment Group of Chicago. Terms of the deal were not disclosed.

North Bethesda Market is a Class A retail and multifamily development comprised of 182,926 square feet of retail space, 411 apartments and a 1,205-space parking garage. The retail component is 87.4 percent leased to a mix of retailers and restaurants, while the multifamily component, which consists of a 24-story apartment tower with 187 units and a six-story mid-rise with 224 units, is 96.8 percent leased. Amenities at the apartment complex include two pools, a clubhouse, fitness center, rooftop decks, fire pits and covered parking.

JBG Smith, formerly known as The JBG Cos., developed the Class A complex along Rockville Pike directly across from White Flint Mall and within walking distance of the White Flint metro station at 22351 Woodglen Dr. in North Bethesda, MD. In early 2011, JBG sold its 80% stake in the North Bethesda Market to Capri for $221 million, according to CoStar information.

One of the world’s largest real asset investment management firms with $98.3 billion in assets under management, CBRE Global Investors highlighted the high foot traffic, strong community demographics and the diverse nature of the local economy as reasons behind the investment. CBRE also emphasized the community’s potential for repositioning the multifamily and retail components with new property updates.

“As one of the historically strongest performing real estate markets in the country, Washington, D.C., is a focus market for this fund,” said Robert Perry, Principal and Portfolio Manager, CBRE Global Investors. “Montgomery County, in particular, has experienced significant and sustained population growth in recent years. Strong demographics and an evolving knowledge economy with abundant private-sector professional and high-tech jobs contribute to growing job prospects for the metro’s residents. Considering the mixed-use site, accessibility to transportation and desirable neighborhood, we believe North Bethesda Market will be very competitive.”

Last weekend for Live after Five at North Bethesda Market

Have you been meaning all summer to get to North Bethesda Market for their Live After Five weekend concerts?  Well, this weekend is your last chance to be part of this favorite Pike District event. Bring your friends and family, or get to know your neighbors, as you enjoy live music and a relaxing atmosphere on their outdoor plaza.

Sept 1 – Mike Noonan – Jazz
Sept 2 – Billy Vaughan – Pop, Billy Joel Style

Two Fun-Filled Event Series in the Pike District

Come join the party on Friday and Saturday evenings (5 PM – 8 PM) from Memorial Day through Labor Day at North Bethesda Market for North Bethesda Market’s Live After Five concert series!  Bring your friends and family or get to know your neighbors as you enjoy live music and a relaxing atmosphere on our outdoor plaza.  With so many genres of music featured there’s sure to be something you’ll enjoy!

Get Fit with Pike and Rose every Saturday starting May 13!

Upcoming Meetings and Events in the World of White Flint

MEETINGS

The White Flint Implementation Committee will meet on Monday, September 12, 7 p.m., at Shriver Aquatic Center. Their agenda will include a presentation from Gables Residential and a staging discussion for White Flint 2

The White Flint Downtown Advisory Committee will meet on Tuesday, September 13, 8 a.m., at the Bethesda North Conference Center

Friends of White Flint will hold a Community Meeting on Monday, September 19, 6:30 p.m., at the Bethesda North Conference Center. Our agenda includes discussions on the White Flint 2 Preliminary Plan, Walter Johnson Roundtable Options, Pike District Pedestrian Safety Campaign, and Quick Property Owner Updates.

EVENTS

The first ever Tomato Fest will be held at North Bethesda Market on Saturday, September 10 from Noon to 5 p.m. Featuring tomato tastings, cooking contests, live music, and lots of other fun activities for all ages, I bet this becomes a signature event for the Pike District.

FallFest, sponsored by the White Flint Downtown Advisory Committee, will rock the Pike District on Saturday, October 8, from Noon to 2 p.m. Held on Marinelli Road, FallFest includes music by The Nighthawks, a myriad of food trucks, face painting, and the official Pike District ribbon cutting.

North Bethesda Market Hosts Montgomery County’s First Tomato Festival September 10

Maryland’s tomatoes are in season, and it’s the perfect time to enjoy all things tomato – from zesty sauce and heirloom varieties to inspired chef creations. To celebrate this flavorful fruit, North Bethesda Market will host its first Tomato Festival Saturday, September 10, 2016 from 12 noon to 5 p.m., rain or shine. The event is free and open to the public.

A schedule of activities is below. More information is available by calling 888-632-6176 or visiting http://www.nobetomatofestival.com.

10:30 a.m. to 12 noon
VIT (Very Important Tomato) BRUNCH
Support the arts during this brunch to benefit VisArts, Rockville’s non-profit arts center
Hosted by Seasons 52
$25 per person. To purchase tickets: https://tomatofestbrunch.eventbrite.com

12 noon to 1:30 p.m.
LIVE CONCERT
Enjoy a free performance by the popular Scott Kurt & Memphis 59 (modern country rock)

1:30 p.m. to 2:00 p.m.
“TOMATO TOSS UP” CHEF COMPETITION
Cheer your favorite top chefs as they compete for best tomato inspired dish.
Chefs representing Paladar Latin Kitchen, Seasons 52 and BRIO Tuscan Grille

2:00 p.m. to 3:00 p.m.
SPAGHETTI EATING CONTEST
Compete for a title and a prize and eat your pasta too!
Free registration required in advance online at http://www.nobetomatofestival.com
Sponsored by BRIO Tuscan Grille

3:00 p.m. to 4:00 p.m.
LIVE CONCERT
Enjoy a free performance by local favorite Durham Station (bluegrass)

ALL DAY (12 noon to 5 p.m.)

PEOPLE’S CHOICE SAUCE TASTING COMPETITION
Taste sauces made by some of the county’s top chefs, then pick your favorite!
Chefs representing BRIO Tuscan Grille, Seasons 52, American Tap Room Rockville,
Carluccio’s, Sug Osteria, Quincy’s Bar & Grill, Gusto Italian Grill, Summer House and Stella Barra

YOUTH ART DISPLAY & ART ACTIVITIES
Discover colorful, tomato-themed art by local youth on display
Participate in free tomato-themed kids activities the whole family can enjoy
Hosted by VisArts

REYKA VODKA STATION
Sip and savor Bloody Mary drinks and other specialty cocktails to your heart’s content.
For guests 21 years of age and older. Valid ID Required.
Sponsored by Reyka Vodka

CENTRAL FARM MARKETS
Sample tomatoes and tomato products from Central Farm Markets coming on site for the Fest.

Plus, enjoy a friendly cornhole tournament presented by Spotluck, register to win fun prizes, and sample various varieties of tomatoes. Additional food offerings will be available for purchase.

I say to-may-to, you say to-mah-to

IT’S TIME FOR TOMATOES!
Maryland’s tomatoes will soon be in season, and it’s the perfect time to celebrate all things tomato – from zesty sauce and heirloom varieties to inspired chef creations. To fete this flavorful fruit, North Bethesda Market will host its first Tomato Festival outdoors on Saturday, September 10, from 12 noon to 5 p.m. Cooking competitions, tomato-themed promotions and displays, live music, and even a spaghetti eating contest combine to make a festive recipe for family-friendly fun on a late summer day. The event is free and open to the public. More information available by calling 888-632-6176 or by visiting http://www.nobetomatofestival.com.

DATES/TIME:
Saturday, September 10, 2016, 12 noon to 5 p.m.
Rain or shine!

PLACE:
North Bethesda Market – 20 Paseo Drive, North Bethesda, MD 20852

ACTIVITIES:
• Live music by top regional bands including Memphis 59
• Tomato-themed Competitions – Chef Cooking Competition, Sauce Tastings, and People’s Choice Award for Best Tomato Sauce, Spaghetti Eating Contest, Tomato Displays, and more!
• FREE kid-friendly tomato activities
• Tomato-themed food specials and drinks such as Bloody Mary and Specialty Vodka available for purchase

Live Music Every Weekend at North Bethesda Market

Come join the party on Friday and Saturday evenings (6 PM – 8 PM) from Memorial Day through Labor Day at North Bethesda Market for their Live After Five concert series. Bring your friends and family, or get to know your neighbors, as you enjoy live music and a relaxing atmosphere on our outdoor plaza.  Looking for a fun date night?  Take in a performance while dining on the patio of Seasons 52 or Brio Tuscan Grille.

With so many genres of music featured there’s sure to be something you’ll enjoy!  Check out the complete entertainment schedule:

 

June 17 – Gary & The Groove (Oldies, Motown)

June 18 – LED (Classic Rock)

June 24 – Bad Influence (Blues)

June 25 – Kidd Unot (Classic Rock, 80’s Funk, Blues)

July 1 – Billy Vaughan (Pop, Oldies)

July 2 – Tom Lagana (Jazz)

July 8 – Soul Gravity (Classic Rock, Pop)

July 9 – Laura Ferrell (New Pop)

July 15 – Dixie Power Trio (Dixieland, Zydeco)

July 16 – Wentworth Richardson (Steel Drum Caribbean)

July 22 – Route 66 (Classic Rock)

July 23 – Kara & Matt (Old & New Pop)

July 29 – Peter Fields (New World Jazz)

July 30 – Savoy Truffle (British Invasion)

August 5 – Patty Reese (Americana, Pop, R&B)

August 6 – Nucleus (Smooth Jazz, R&B)

August 12 – Ro Cube & Friends (Pop, Motown)

August 13 – Kidd Unot (Funk, Soul, Blues)

August 19 – Eclectiks (Soft Rock, World Music)

August 20 – Ocean Drive (Jimmy Buffet Style)

August 26 – Billy Vaughan (Pop, Billy Joel Style)

August 27 – Tom Lagana (New Jazz)

September 2 – Unified Jazz Ensemble (Jazz)

September 3 – Ruben Montoya (R&B, Soul)