The Chase Manor apartments property has been sold to Toll Brothers, original property owner Chevy Chase Land Company announced this morning. Toll Brothers plans to construct a 63-townhome community on the four acres of land, which will be called Chevy Chase Crossing. The site is in close proximity to the new Chevy Chase Lake development, the Capital Beltway, and the future Purple Line light rail station. Toll Brothers recently completed a similar project on the former WMAL transmission tower property in Bethesda, a much larger development called Amalyn.
“It’s somewhat bittersweet to sell the site of a former 72-year-old community that holds so much history for the many locals of Chevy Chase, but with an aging infrastructure and increasing demand to live in this area, it was time to allow for its redevelopment,” Chevy Chase Land Company CEO, John Ziegenhein said in a statement this morning. “We are pleased to have the history and quality of Toll Brothers to usher in the next generation of neighbors to a new development as we at The Chevy Chase Land Company continue expanding and improving our many nearby projects, including office, The Collection, and Chevy Chase Lake -- with plans for another dynamic project right across from that mixed-use neighborhood on Connecticut Avenue.”
8 comments:
One clarification - Toll acquired two parcels along Manor Road in Chevy Chase for $29M from CCLC. They plan to replace the existing 67 townhomes and 66 garden apartments with 147 townhome units in total. The project is to be constructed in 2 phases with 63 units at the Lake Apartments first (that site has already been fully cleared and active site prep is taking place now) followed by 84 units in Preston Place -- I'd guess that section wont start for another year or two. The designs look decent but I think what's most exciting are the access points to the capital crescent trail in multiple places.
Out with the middle class, in with the rich.
@8:27 - That must put a smile on both of your faces.
@8:27 AM Sadly, you're correct.
Thank Jeebus it wasn't sold to HOC.
8:27 sadly accurate. The test will be whether Elrich/Mccarthy can protect the rich little island of Bethesda/CC from all the other failing and failed towns within even easier access.
These cheaply built, inefficient garden-style apartments need to be replaced across the county.
What middle class in CC?
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