Friday, September 17, 2010

112 new townhouses are on the way in North Bethesda. Streetscape Partners, a two-year-old McLean-based firm, has broken ground on the 18-acre site at Strathmore Avenue and Rockville Pike called Symphony Park at Strathmore (extreme caution: link plays Classical music upon opening). The on-schedule groundbreaking puts delivery of the first homes at "late spring," according to Ron Kaplan, Co-managing Principal at Streetscape. The homes have not yet been priced, but Kaplan expects pre-sales to begin within a month.

The community is adjacent to the Strathmore Music Center and Mansion, ergo the mellifluous name. Streetscape paid $5m plus "additional consideration" for the land, donating 5 acres back to Montgomery County for public open space, to include an amphitheater and "from scratch" forest. In addition to ticket deals with Strathmore, buyers will get Hord Coplan Macht landscaping. "HCM has done an amazing job to create beautiful outdoor, European mews," says Kaplan.

The developer described the finishes as "real materials" - brick and stone and solid wood doors. The design team tried to evoke the appearance of Georgetown, and Boston's back bay, a "sophisticated" community, according to Kaplan. The project is backed by Lubert-Adler Partners, LP. The land once belonged to the American Speech Language Hearing Association (ASHA) and had been under contract with residential developer Centex; Streetscape stepped in when Centex went bust after several years of planning, leaving Streetscape with the original plans and architects, Lessard Group, which have since made revisions to the designs.

North Bethesda, Maryland real estate development news

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