Helping with the revitalization of the downtown
Silver Spring MD real estate is the plan for the new Silverplace. Silverplace is a mixed use project, located in downtown Silver Spring. When this
Montgomery County MD real estate is completed the new headquarters for the Maryland National Capital Park and Planning Commission will come to call it home. What is currently planned for this
Montgomery county real estate besides for the commercial space? This development will consist of 300 multifamily units, and 30% of these homes would be considered affordable housing. These residential units should end up having an average size of 1,000 square feet.
What will this
Montgomery county Maryland real estate project due for Silver Spring?
- It will provide a new mixed use housing options that will include both
- Continue the revitalization of downtown Silver Spring
- Through a public and private partnership this development may lower public costs by making it acceptable for the M-NCPPC to use the value of the land to help finance a portion of this project
- It will replace the current overcrowded Park and Planning headquarters, and at the same time allow them to bring in staff from several other locations into this office. The Parks and Planning office will be roughly 15,000 Square feet, in a seven story wing that will be connected by an atrium which is connected to another three story wing on the corner of Georgia and Spring Street.
A little about the development of SilverPlace
It is predicted that the initial part of the design of this development can take as much as ten weeks, since they will have to draw up the site surveys, environmental and traffic studies, and finally the schematic design. After that is complete the design phase begins this can take as long as ten months to finish. In this phase developers will be interacting with the community to get there opinions on design of this project. Currently the planning board has just broke off there negotiations with the developer of the residential peace. The development group SilverPlace LLC, and the planning board could not agree upon a price for the residential land. As for now the design of this 3.24 acre project will stay the same, the only main difference now is that the county’s Department of Parks will currently be the sole developer of the there headquarters. They have also put the residential portion of this project up for bidding, and it will be sold at the best time which will be determined by the market.
