At delivery, 7900 Wisconsin will be a 17-story, luxury apartment building with 475 units, grocery store-anchored ground floor retail, underground parking, a rooftop pool, and a bikeshare station. It will include a through-block cut-through for pedestrians between Wisconsin and Woodmont.
7900 Wisconsin rendering by JBG |
JBG had reached a preliminary agreement with Trader Joe's to anchor the 7900 Wisconsin development in 2014. When the project was halted, JBG said it was seeking additional financing. Others speculated that Fitness First, a tenant in the existing 7900 Wisconsin office building, had a longer lease than JBG realized. Fitness First has claimed to be expanding its space, and has been on a social media advertising blitz recently.
Once demolition permits are in hand, the Fitness First controversy will be settled one way or another.
I marvel at how many luxury apartments/condos are being built in Bethesda right now. Is there really enough demand to meet this kind of supply? Are the existing condos/apartments that have been built in just the last two years full?
ReplyDelete5:45: It seems to be a mixed bag. Gallery Bethesda was 98% leased in a relatively short time after it opened. It had the luxury market all to itself upon delivery. Others like Flats 8300 were reportedly half-full and leasing more slowly.
ReplyDeleteGallery is home to many Airbnb investment units. Only reason why it's full...
ReplyDeleteSo TJ's, at least for now, is still part of this development, right?
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