Saturday, May 09, 2015
Gallery Bethesda signs tenant for Auburn Avenue retail space (Photos)
This is the latest development in a new trend in downtown Bethesda. Since the end of the recession, high-end architecture and interior design firms have been moving to downtown Bethesda, close to where high-income homeowners are working on the most expensive renovation and teardown projects in the area.
Previous firms to open downtown Bethesda offices include KONST and SR/A Interior Architecture and Design.
The Gallery has one other retail tenant, Aria Beer Wine & Deli. There are plans to eventually move the fitness center upstairs, and lease that ground floor gym as another retail space. Gallery's residential units are virtually fully-leased, as well, making it the biggest success story so far in the post-recession downtown real estate market.
Gallery Bethesda was developed by Donohoe and is managed by Vantage Management.