Montgomery County Signs Agreement with Washington Property to Develop Silver Spring Homeless Center
- Jul 12, 2014
Washington Property Co. and Montgomery County plan to bring a new homeless center to Silver Spring. The Bethesda-based commercial real estate company recently signed an agreement with the county and expects to break ground on the new facility in about a year.
Called Progress Place, the project has been several years in the making. It will deliver an innovative center, which will provide a range of services to homeless individuals. The new building will be constructed adjacent to Silver Spring Fire Station No.1, at 8110 Georgia Ave. WPC and Montgomery County did not disclose the cost of the project.
Progress Place will total four floors, with three of them providing services to the county’s homeless population. The fourth floor will feature 21 personal living quarters for individuals transitioning into permanent housing. Montgomery County will operate the new facility.
“This project promotes the county’s smart growth initiatives by maximizing the use of public land, redeveloping an existing underutilized site and providing housing near transit,” Montgomery County Executive Isiah Leggett said in a statement.
According to the agreement, WPC will build the property at no cost to the county. In exchange, the real estate company will obtain the deed to three contiguous land parcels totaling about 1.5 acres where the current Progress Place facility is located.
The three parcels are located next to WPC’s Solaire-Silver Spring, a new apartment community located at 1150 Ripley St. It features 295 apartments and nine live-work units. Once Progress Place is complete, WPC will start work on the second phase of Solaire-Silver Spring, which calls for the construction of more than 380 new apartments. And the Bethesda-based company won’t stop there. It announced that it will soon present its plans for a new mixed-use development within the Ripley District, at the corner of Georgia Avenue and Bonifant Street.
“We are very excited to be working hand-in-hand with Montgomery County to take this next step in the ongoing revitalization of the Ripley District,” Evan Feldman, Vice President of Development and Acquisitions for WPC, said in a statement. “The agreement is a win-win for all parties. The new location and state-of-the-art facility will help expand services for the county’s most vulnerable population, while facilitating the growth of the rapidly redeveloping Ripley District.” Feldman added that the Ripley District will be home to more than 3,000 people, with more than 3 million square feet of mixed-use development, including 100,000 square feet of entertainment and service retail.
WPC has been very active in Montgomery County. Just a few days ago, the company broke ground on Solaire Bethesda, a 139-unit apartment community with 6,400 square feet of ground-floor retail space.