A 16-story residential tower planned for the corner of Norfolk Avenue and Fairmont Avenue could break ground in 18 months.
The project – a joint venture of the JBG Companies, ROSS Development and Investment and the CIM Group – is expected to bring about 166 apartments and 14,000 square feet of retail to 4900 Fairmont Avenue, pending approvals at the Maryland-National Capital Park and Planning Commission. The project will take over the space currently occupied by and according to Charlie Maier, a public relations representative for the project.
The nearby Starbucks would not be affected by the construction.
The project is expected to bring ground-floor retail to both Woodmont and Norfolk Avenues.
Conceptual renderings weren't yet available.
The project is just one of several planned for Bethesda’s Woodmont Triangle neighborhood, including another and a mixed-use development planned as a part of Bethesda’s new Nearby on Wisconsin Avenue, a are also planned.
Maier said he hoped the project would help revitalize the Woodmont Triangle area, which has seen some business shift in recent years down to Bethesda Row.
“I think over the next few years, [Woodmont Triangle] is going to change and regain its stature in Bethesda,” Maier said.