Bethesda-based White Star Investments has acquired the building currently leased by The Parva Restaurant and Lounge, at 7904 Woodmont Avenue, in downtown Bethesda.
White Star purchased the 50-year-old, 2-story building for $2,200,000, in the name of White Star Woodmont, LLC.
The Parva's lease extends through 2016, so they won't be going anywhere anytime soon. Let's hope The Parva can stay, as the 2-level restaurant/lounge fills a major gap in Bethesda. Not only do they feature South American cuisine from Colombia, Venezuela, Argentina and Peru, but also Latin-themed nightlife and events. Often you can find two different events going on at once, or DJs spinning a different type of music on each floor.
It would seem that - in the long term - the property would have the highest value if it were combined with the building next door (which houses BGR, Jetties, etc.), which would provide more room for a larger building. There is no indication that property owner has any interest in redeveloping, however.