Retrofit Atlas

Office parks · Maryland

Bethesda Crescent

Imported, unreviewedRedevelopedRetrofit approvedBethesda, MD

Approved 2025 retrofit: 29-story apartment building with retail, on 6-lane arterial road. Housing market aligns with $2,030 median rent. · summary, model-written

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Site profile10 elements · what this retrofit is built with · tap a chip for the evidence

Finance and pipeline
Retrofit in the pipelineThis site: …approved newtypes-extraction · all sites with this
Place
3+ other atlas sites within 10 kmThis site: 6 within 10 km computed · all sites with this
30,000+ vehicles a day on an adjacent roadThis site: 30,180 on 355 fhwa-hpms · all sites with this
County lost 10%+ of retail establishments since 2012This site: -13% census-cbp · all sites with this
County permitting 2,000+ apartment units a yearThis site: 2,149 units, Montgomery County census-bps · all sites with this
County typical rent $2,000+This site: $2,283/mo zillow · all sites with this
Strategy
RedevelopedThis site: 29-story apartment building with 11,500 square feet of ground-floor retail, public plaza areas, and an underground parking garage. record · all sites with this
New use
HousingThis site: 29-story apartment building with 11,500 square feet of ground-floor retail, pu newtypes-extraction · all sites with this
Mixed useThis site: …new_use field newtypes-extraction · all sites with this
Retail (continued)This site: apartment building with 11,500 square feet of ground-floor retail, public plaza areas, and an underground parking garage. App newtypes-extraction · all sites with this

All elements and lists · Trends

Now

StatusRetrofit approvednewtypes-extraction reported
StrategyRedevelopment, approvedWikipedia no source
New useshousing, mixed, retailWikipedia no source
What is there now29-story apartment building with 11,500 square feet of ground-floor retail, public plaza areas, and an underground parking garage.newtypes-extraction reported
Retrofit year2025newtypes-extraction reported
RedeveloperMRP Realty and Prime Finance Partnersnewtypes-extraction reported

Planning

Entitlement year2026Wikipedia no source
Planning notesApproved by Montgomery Planning Board.Wikipedia no source

Site context

Housing permits, Montgomery County (MD), 20242,149 units in 5+ unit buildings, 16 in 2–4, 1,491 single-family; 2023: 1,840 in 5+Census BPS
Other atlas sites nearby6 within 10 km, 63 within 25 km: Mazza Gallerie (2.9 km); White Flint Mall (6.4 km); The Shops at Georgetown Park (9.3 km); 1000 and 1050 Thomas Jefferson Street NW (9.4 km); Valero gas station (9.5 km)computed
Retail trade in the county, 2025 (BLS QCEW)40,341 jobs in 2,373 establishments; average annual pay $49,993; employment location quotient 0.89; employment -1.8% on the yearBLS QCEW 2025, NAICS 44-45, private
Jobs located in the tract, 202216,808 jobs; 625 in retail trade, 1,115 in accommodation and food (workplace blocks summed to tract 24031704804)Census LEHD LODES8 WAC 2022
Upward mobility (Opportunity Atlas, 2010 tract)children of low-income (25th percentile) families reached the 53th income percentile as adults; 5.0% incarcerated at the 2010 count (34 children in the sample); born 1978–83, measured 2014–15Opportunity Insights
Food access (USDA FARA 2019, 2010 tract)not a low-access tract at 1 mile; poverty rate 5.8%; median family income $195,469; 7 SNAP householdsUSDA ERS
SchoolsMontgomery County Public Schools (PK-12); 3 public schools within 1 mile: Bethesda-Chevy Chase High; Bethesda Elementary; Chevy Chase ElementaryNCES EDGE
Elevation351 ft above sea level at the site pointUSGS 3DEP
Storm events in the county, 2016-2025810 county-logged events: 443 thunderstorm wind, 160 flood, 136 flash flood, 55 hail; $30,850,100 property damage reported; 2 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events
Homes for sale in ZIP 20814, 2026-09median list price $502,225 (-40.0% on the year); 118 active listings; median 53 days on market; 21% with a price cutRealtor.com Research
Retail trade in the county, 2012 to 20232,358 establishments (-13%); 43,577 jobs (-5%)Census CBP
Housing market in the countytypical home value $606,938 (-0% 1 yr, +10% 5 yr); typical rent $2,283/mo (+1% 1 yr), 2026-09Zillow Research
Traffic on the busiest road within 600 m (2024)30,180 vehicles a day on 355 (principal arterial, 6 lanes); 848 trucks; 38 counted segmentsFHWA HPMS

Summary, model-written

Bethesda Crescent (office park) approved for redevelop into housing/retail. Developer MRP Realty/Prime Finance Partners plans 29-story apartment building with ground-floor retail, plaza, and underground parking. Approved by Montgomery Planning Board (2026 entitlement).

Why. Housing market aligns: median rent $2,030 (2026), ZHVI $607k. Peer projects (e.g., Rockville Mall, 12km away) use same redevelop strategy. Traffic: 30,180 ADT on principal arterial road (6 lanes).

Where it stands. Status: approved. Construction underway (2025). First phase planning board approval 2026. No current occupancy data. Nearby context: 6 developments within 10km (including White Flint Mall, status unknown).

For a planner

  • Approved entitlement (2026)
  • Housing demand supported by rent/ZHVI
  • Traffic volume supports retail

For a developer

  • 2025 retrofit year
  • Peer projects in same region (MD)
  • No construction delays noted

What we do not know yet

  • No current occupancy rate for office park
  • White Flint Mall status unknown
  • No timeline for full project completion

Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

  • Laurel Mall, Laurel, MD · Malls · same strategy: redevelop; also in MD; 24 km away
  • Rockville Mall, Rockville, MD · Malls · same strategy: redevelop; also in MD; 12 km away
  • Columbia Mall, Columbia, MD · Malls · same strategy: redevelop; also in MD; 33 km away
  • 575 Herndon Parkway, Herndon, VA · Office parks · same strategy: redevelop; 25 km away

Elsewhere on the web

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Multifamily screen

  • already in play: under construction, approved, or sold to a developer with housing plans
  • median rent $2,030
  • housing in the record

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

History and original facts

CountyMontgomery County
Census division5 · South Atlantic
NotesDraft from bethesdamagazine.com, model-extracted, unreviewed: Plans approved to demolish two vacant office buildings at Bethesda Crescent and replace them with a 29-story mixed-use apartment building with retail.

Not yet recorded: acres, GLA, year opened, original developer. Know it? Tell us.

Timeline

  1. 2025 Purchase of office space portfolio
  2. 2025 Retrofit: redevelop
  3. 2026 Planning Board approval for first phase

Sources

More in Maryland

Columbia MallColumbia, MD · 2012Partial Redeveloped · Partial redevelopment, mixed use From Vision to Reality:…Francis Scott Key MallFrederick, MDPartial Regreened · Partial regreening, solar roofLaurel MallLaurel, MD · 2015Redeveloped · Redevelopment: mixed use, new streetsMarley Station MallBaltimore, MD · 2013Partial Reinhabited · Partial reinhabitation: data centerParole PlazaAnnapolis, MD · 2009Redeveloped · Redevelopment: mixed useRockville MallRockville, MD · 2008Redeveloped · Redevelopment: mixed use, new streets