Bethesda, Md.—LCOR, a real estate investment and development company, has announced that Michael Smith, a 25-year industry veteran, has been named senior vice president of LCOR’s Washington D.C.-area office. In his role, Smith will continue leading the development of LCOR’s Metro Washington D.C. urban mixed-use real estate development opportunities.
Smith currently manages LCOR’s 4.5 million sq. ft. North Bethesda Center project, located at the White Flint Metrorail Station in Md. and a proposed 2.7 million sq. ft. build-out on the 204-acre COMSAT campus in Clarksburg, Md., as well as several other projects in the development pipeline for the company, including LCOR’s role with Percontee on the 300-acre LifeSci Village in White Oak, Md.
To date, Smith has overseen more than 1 million sq. ft. of development at North Bethesda Center consisting of a 360,000 sq. ft. headquarter office building for the U.S. Nuclear Regulatory Commission, Wentworth House, a 312-unit apartment building with a 65,000 sq. ft. Harris Teeter grocery store, and the 341-unit Aurora apartment building. At full build-out, this 32-acre city-within-a-city will feature 2,400 apartment units, 1,400,000 sq. ft. of office space, 300,000 sq. ft. of retail space and 350,000 sq. ft. of hotel space; along with public outdoor space, all a short walk from the White Flint Metro Station.
LCOR is creating a new mixed-use master plan for the COMSAT campus that will include 1,150 apartment units, 535,000 sq. ft. of office space and 400,000 sq. ft. of retail space. Other notable features of the project include development of a highway interchange on the western edge of the property and the terminus station for the Corridor Cities Transitway, which will link the property to the Shady Grove Metro Station.
Prior to joining LCOR, Smith served as Director of Project Development for Perini Corporation, Vice President with a corporate real estate advisory firm and project manager with The McCourt Company.
A past president of the Maryland/D.C. chapter of National Association of Industrial and Office Properties (NAIOP), Smith was named the 2007 Member of the Year. In 2010, the MIT Center for Real Estate awarded Smith with the Hank Spalding Award for his breadth of real estate experience and contributions to the real estate industry.
Recently, Smith was appointed to serve a three-year term on the National NAIOP Corporate Board of Directors.
Smith received a master’s degree in Real Estate Development from Massachusetts Institute of Technology and continues to serve on the Executive Committee of the Maryland/D.C. Chapter of NAIOP.