But holding onto the property until the Montgomery County Council passes an updated Bethesda Downtown Master Plan could be profitable. The plan envisions a revitalization of the area, which it dubs the "Pearl District", and recommends higher density and mixed-use for most properties there.
This particular property is only 2.5 blocks from the Bethesda Metro station. Given the struggles of the new office building a block away at 4500 East-West Highway in Montgomery County's moribund economic development climate, one wouldn't be surprised if a developer would prefer mixed-use residential on this site.
Photos courtesy Jackson Prentice Real Estate Services, LLC
24 comments:
It would be best if someone could also by the PNC property/parking lot across the street and that adjacent empty lot just build on that whole area something cohesive and remove that nub of Pearl.
"Montgomery County's moribund economic development climate"
And he just can't make it through an entire article without parroting at least one of his crazy talking points.
Actually, 'moribund' means 'at the point of death'. I suspect that's not precisely what Dyer means to say. In any case, he overuses the word.
"Anonymous Anonymous said...
It would be best if someone could also by the PNC property/parking lot across the street and that adjacent empty lot just build on that whole area something cohesive and remove that nub of Pearl.
5:55 AM"
Nah, that nub is a good shortcut to the Crescent Trail.
6:34: The County hasn't attracted a single major corporation in over a decade, and has generated only a small number of jobs compared to the District and Northern Virginia counties.
It's the people who argue that's not a moribund economy who are crazy, not me. My argument is backed up by the facts.
9:17: In a state where an economic development task force appointed by struggling elected officials claims the solution to our problems is "better customer service" by government employees, I'm not sure one can overuse the word "moribund".
Steve D. I doubt that shortcut survives Purple Line construction.
"I'm not crazy, all of you guys are crazy!"
An aspiring writer could certainly attempt to expand their vocabulary else they become a broken record. #justsaying
1:01: "All of you guys" are the same guy commenting. Who's crazy, again?
There's as much proof of that as there is from the person saying its one shill.
Dyer, you should check out the actual facts sometime. MD has been creating far more private sector jobs than VA for a few years now. And that's not even taking into account the fact VA's a larger/more populous state. You really do sound silly repeating the same, tired sentence every week.
Ditto if you compare just Fairfax to MoCo; MoCo's private non-farm job growth has been 50% higher than Fairfax's every year so far this decade. It's not even close, whether you use job growth, population growth, vacancy rates, building permits (again, MoCo being 50% higher than Fairfax), etc. - it's no contest. MoCo is outright dominating Fairfax, just as it did before trillions in war spending spurred a burst of growth in Fairfax. You keep talking about how amazing NoVa is; wake up Dyer, your perspective is a decade out of date at this point.
Why would anyone want to develop that property? There is no easy access to Dulles Airport.
Fortune 500 headquarters are typically just a few hundred employees. Most of them are congressional lobbyists or HR flacks. I can't understand why Dyer thinks that poaching those from another state will somehow be a huge benefit to the local economy.
Discovery Networks HQ is just lobbyists and HR?
I guess 8:29 hasn't worked at a corporate HQ to make a statement that off base.
Moribund economy for the entire country or just MoCo? Where do we rank in the US? Or even localy? And by what measures?
I don't doubt your statements but would appreciate some facts and evidence and data and sources. Thanks.
7:16/7:27: Your claims are total BS. I invite anyone to review the job data from the Bureau of Labor Statistics to confirm that Fairfax, DC, NoVa, etc. have been killing us in job creation year after year. It's not even close. You're obviously referring to the fake numbers from EMSI that have even been discredited in the Washington Post. Nice try. This is why Brown lost to Hogan. He was citing the fake numbers too.
8:29: Ask Texas, which just plowed past Governor Moonbeam's California to become the biggest exporter of tech in America. How's that for a "huge benefit"?
"This is why Brown lost to Hogan."
Are you sure that you want to get into the subject of losing elections?
Do you have the link to the Washington post article discrediting the EMSU numbers? Thanks.
Dyer, you're a broken record playing a broken tune. Post a link to the BLS data you're referring to or GTFO.
Also, the WaPo article didn't "discredit" the EMSI numbers, it explained the difference between the statistics they use (including more federal jobs) and the ones BLS uses. Since the Federal gov't plays such a major role in the local economy, using those numbers would seem to make sense, whereas they may not play a major role in most areas.
Yes it makes sense to use these numbers especially with the gov here.
"Anonymous said...
Steve D. I doubt that shortcut survives Purple Line construction.
1:01 PM"
Well, they haven't built anything yet. We'll see how it plays out.
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