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Feb. 11, 2013

Developers Break Ground on 310-Unit Apartment Project in Silver Spring

By Adrian Maties, Associate Editor

Insight Property Group L.L.C. of Arlington, Va., and Chevy Chase-based Nova-Habitat L.L.C. held a ceremony on Feb. 5 to celebrate the groundbreaking of Fenwick Station, a six-story, 310-unit apartment development in downtown Silver Spring. Neighborhood leaders and Montgomery County officials were also present at the event.

The new development is located two blocks from the Silver Spring Metro Station,  on the site of the former U.S. Post Office distribution facility at 8616 Second Ave. Fenwick Station will deliver a mix of studio, one- and two-bedroom apartments. Thirty-nine apartments will be affordable units.

Fenwick Station will include 11,000 square feet of amenity space, with a public plaza, a Capital Bikeshare station and a temporary walking and biking trail that will be connected to the future Capital Crescent Trail. It will offer residents a variety of recreational and social spaces, such as an outdoor dining room and pool, resident lounge and clubroom with kitchen and billiards, fully wired business center, fitness center, guest suite and rooftop terrace with an open-air TV gathering space and built-in bar.

The project is designed to achieve LEED Silver certification. A team of top-quality design and construction firms is working on it, including SK&I (lead architect), Hord Coplan Macht Inc. (landscape architect), PNC Bank (construction lender), John Moriarty & Associates (general contractor), Eagle Bank (acquisition lender), Loiederman Soltesz Associates Inc. (civil engineer) and SR/A (interior designer).

Montgomery County Department of Economic Development Director Steve Silverman thinks “Fenwick Station will improve the important connection between nearby neighborhoods and the downtown Metro core.”

Insight Principal Richard Hausler said, “Fenwick Station is located in a well-established residential neighborhood and at the same time offers residents immediate access to the Metro and all of the amenities of downtown Silver Spring. The large plaza area will also welcome residents from surrounding neighborhoods, with attractive benches, a water fountain for bikers and a gathering place for community events.” He added, “Silver Spring continues to experience very low apartment vacancy rates, with strong demand for apartments that are walking distance to the Metro, retail, restaurants and a large commercial jobs base. We received wonderful support from the surrounding communities and the county agencies as we went through the planning for this important addition to the Silver Spring community.”

Photo credits: Insight Property Group
Charts courtesy of Marcus&Millichap

 

 

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