The former post office at 7001 Arlington Road could be torn down as soon as next month to make way for an apartment building, the Washington Business Journal reports.
The two downtown Bethesda post offices at Arlington Road and Wisconsin Avenue were consolidated this month into a new facility at 6900 Wisconsin Avenue. A mixed-use apartment building with 145 units is planned for the Arlington Road site, Patch reported in January.
Associated Estates Realty Corp. bought the post office from USPS for $12.2 million in May, the Business Journal reported, and plans to tear down the building to pave way for the $50 million project next month.
Plans for the 172,000 square foot development include 7,000 square feet of retail space, and 15.2 percent of the 145 units will be moderately-priced, Patch reported. Access from the site to the nearby Capital Crescent Trail is expected to be limited to residents of the building.
The project is expected to take about 18 months to complete, the Business Journal reported.
“We saw this as a great opportunity in the market to develop an incredible location,” Jason Friedman, vice president of construction and development at Associated Estates, told the Business Journal. “We think Bethesda is a fantastic submarket.”