Friday, April 29, 2016
Monocle Building for sale in Bethesda
A final piece that could create the largest possible parcel for redevelopment next to 8200 Wisconsin Avenue is 8227 Woodmont Avenue, currently owned by Woodmont Properties of Bethesda. It's unknown what their level of interest - if any - would be in selling, however.
At a lot size of 12,800 SF, I'm trying to calculate what the maximum height and density could be on the Monocle site, if it were to be redeveloped alone instead of joined with any adjacent property. If you have an idea, post in the comments below.
I've been inside the Monocle Building many times. Outside, it is an unusual combination of a quite nice 1980s glass facade office wing raised over a parking lot, and a ground-level half that - frankly - resembles a jail, with its tiny windows and vast facade of drab bricks. Overall, I've always had a positive impression of the building, and the surface parking is probably a selling point for a buyer who just wants to keep it as is for a revenue stream.
Let's just hope TD Bank doesn't find out it's available...