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Content about Silver Spring, Maryland

July 29, 2015

Metro Business Media was first to report that Not Your Average Joe's – the Massachusetts-based restaurant known for Chef-driven American and international blend dishes – narrowed down a new location in Silver Spring at Ellsworth Place.

July 23, 2015

A site not seen in nearly 60 years: grassy fields and wide-open spaces in the foreground as highrise towers create a dramatic backdrop. This is the scene at the site of the first phase of the Blairs redevelopment in downtown Silver Spring.

Low-rise residential buildings built in 1959 have given way to what will become a pair of residential towers reaching 18 and 14 stories high.

April 4, 2014

If you are a young professional working in Washington, D.C., one thing you’ve probably noticed by now is that there is a fairly large gap between your monthly income and the city’s monthly rent requirements. Not everyone can afford the “luxury” apartments in Foggy Bottom, Georgetown, or Dupont Circle; so what’s a cash-strapped young professional to do?

March 14, 2014

We recently released an article about the Top 5 Worst Markets for Office Space in the D.C. area. Those areas had the highest vacancy rates in the Washington, D.C. area according to a Transwestern report.

Demand for Class-C and Class-B office space is at near all-time lows and at the same time tenants are adamant about leasing Class-A office space. In some sub markets the demand is so great that Class-A office space available is now below 1 percent.

February 13, 2014

In the world of commercial office space, a market with a vacancy rate of 10 percent is considered stable; anything below that percentage is to be coveted.  Logically, developers should flock to a market with a low office inventory, especially one with short supply of Class-A office space.  After all, someone is leasing all that space right?

February 7, 2014

Germantown, Maryland is the farthest north of Montgomery County’s commercial centers, it’s also the smallest and youngest in terms of commercial development but that is quickly changing. With approximately 3 million square feet of office space, Germantown has been one of the county’s bright spots in terms of commercial development in the last couple of years.

April 13, 2012

While the nation's capital continued its usual lead in office space construction, another surprise quarter occurred with the Maryland National Capital region leading the surrounding region.

According to March data from the Bethesda, Mid-Atlantic regional office of Transwestern and its research subsidiary, Alexandria-based Delta Associates, there was an estimated 7,204,726 square feet of office space under construction or reconstruction in the D.C. area.

March 29, 2012

A planned residential and retail project by real estate developer JBG was met with mostly heavy opposition from community residents who live in the Twinbrook area of Rockville, where the project would be developed.

The site plan for 1800 Rockville Pike came before the City of Rockville planning board Wednesday night seeking approval from the commission. The approval of the site plan would have been the final step before permits are issued and construction starts for the urban style, low-rise project designed by architectural firm, Hord Coplan Macht.

December 16, 2011

Times was running out for a major lease set to expire in 2013 at the Silver Spring Metro Center, but the anchor tenant -- the National Oceanic and Atmospheric Administration (NOAA) -- has decided to stay and renew its lease for another 15 years. The administration has called the urban high-rise office buildings home since 1990.

December 9, 2011

With a big help from the federal government, Maryland's "economic engine", Montgomery County, has managed to lead all jurisdictions outside the district in office space construction -- with nearly all of Montgomery County's primary office markets participating.

The latest data from Transwestern Mid-Atlantic with headquarters in Bethesda, shows office space construction in the county stands at nearly 2 million square feet, that puts it ahead of surrounding area jurisdictions including Fairfax and Arlington counties in Virginia.

October 21, 2011

With no opposition from residents, the development at 10914 Georgia Avenue won unanimous approval from the Montgomery County Planning Board Thursday.

The project will be the latest residential development from downtown Bethesda-based Washington Property Company, which is also building the residential high-rise at 1150 Ripley Street in downtown Silver Spring.

October 14, 2011

The development planned for the current main post office site in the Silver Spring Central Business District won approval from the Montgomery County Planning Board Thursday.

Leading the development of the site is Chevy Chase-based Nova-Habitat incorporated which has been joined by McLean-based Insight Property Group LLC to build what is being marketed as the Fenwick Station apartments.

September 16, 2011

History was made Thursday night in Silver Spring with the opening of the Fillmore Music Hall in the historic, former JC Penney department store building. Starting with yesterday's full house grand opening featuring Mary J. Blige, Washington Metro area residents can expect a music line up that will suit all tastes.

September 1, 2011

Rockville Town Center is continuing to take shape with a much needed office project breaking ground in Montgomery County's seat of operations.

Choice Hotels International (NYSE:CHH) will move 400 employees from 10750 Columbia Pike in Silver Spring to Rockville Metro Plaza II at 121 Rockville Pike, under a 15 year lease. The project is being developed, managed and owned by Foulger-Pratt.

September 1, 2011

The Fillmore is official in Silver Spring. The highly debated music hall which was funded by $8 million from Montgomery County and the State of Maryland Governments is almost complete with workers putting on the finishing touches.

The exclusive Fillmore Music Hall is the only one in the D.C. area and one of the few intimate indoor venues that is specifically designed to host national and local performances. The historic J.C. Penny property at 8656 Colesville Road was donated by Lee Development group and will be operated by Live Nation.

July 23, 2015

Not Your Average Joe's first D.C. area location in Gaithersburg opened to great fanfare. Seating areas are constantly packed on weekends with customers willing to cope with hour long waits (perhaps it's the Not Your Average Joe’s Dipping Sauce?).

With the successful launch of the Kentlands restaurant the company has opened several more locations including most recently a Bethesda location in the Wildwood Shopping center taking over a former Hamburger Hamlet Space.

March 12, 2015

Quietly building along busy Colesville Road in downtown Silver Spring, Petrie Richardson Ventures is reinventing an urban indoor mall currently known as City Place. The six-level mall will be renamed to Ellsworth Place once construction is complete and the old signage removed.

February 20, 2015

Solaire Silver Spring II / Ripley II Washington Property Co - Metro Business MediaThe Montgomery County planning board was recently presented with early plans for another residential apartment complex in Silver Spring’s Ripley District.

January 8, 2015

In the Washington Post article written Lavanya Ramanathan titled "Could a new wave of boutique coffee, beer and bao buns remake ‘Silver Sprung’?", Ramanathan writes about what she labels a 'desolate' stretch of Silver Spring  and throughout the article makes comparisons of the area to neighborhoods like Petworth, Logan Cirlce in D.C  and the Clarendon metro

December 24, 2014

Bargain hunters can soon rejoice.  Downtown Silver Spring will get a new Ross department store in the coming months, according to “coming soon” signs in the windows of the City Place Mall.  Ross will lease the space that was previously occupied by Gold’s Gym.

April 23, 2014

If you are a young professional working in Washington, D.C., one thing you’ve probably noticed by now is that there is a fairly large gap between your monthly income and the city’s monthly rent requirements. Not everyone can afford the “luxury” apartments in Foggy Bottom, Georgetown, or Dupont Circle; so what’s a cash-strapped young professional to do?

February 21, 2014

The Baltimore/Washington International Thurgood Marshall Airport had a total of 22,498,353 commercial passengers flow through its gates in 2013 making it – once again – the busiest airport in the Washington, D.C. area.

February 19, 2014

Fulton, Maryland-based Colfax Corporation (NYSE:CFX) has made another large acquisition; less than three years after purchasing Charter International PLC in September 2011 for $2.4 billion.