Showing posts with label 7300 Pearl Street. Show all posts
Showing posts with label 7300 Pearl Street. Show all posts

Tuesday, September 29, 2015

7300 Pearl St. for sale; future Pearl District redevelopment opportunity in Bethesda (Photos)

An office building at 7300 Pearl Street is for sale, and the seller is showing two potential redevelopment possibilities in the online property listing. One is not much larger than the current structure.
A second scenario shows a more modern office building, but only four stories tall.

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