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Carr Properties

Friday, February 8, 2013

New Traffic Pattern on Pearl Street Near B-CC

One lane of Pearl Street between Montgomery Avenue and East-West Highway will be closed, and that block of Pearl Street will become a one-way street.

Drivers headed to Bethesda-Chevy Chase High School, take note: A new traffic pattern on Pearl Street is about to take effect. To accommodate the construction work at 4500 East-West Highway (where a McDonald's building once stood), the west lane of Pearl Street between East-West Highway and Montgomery Avenue will be closed in the next few weeks, and the east lane of that block of Pearl Street will become a one-way, southbound lane, according to an email from the Bethesda-Chevy Chase Regional Services Center. Signage along both Montgomery Avenue and East-West Highway will alert drivers to the new traffic pattern, the email added. The groundbreaking for the nine-story, 220,000-square-foot office building took place last November. A new …

Monday, November 19, 2012

Report: No Committed Tenants on East-West Office Project

Carr Properties broke ground on an East-West Highway office building last week, despite having no tenants signed on, The Washington Post reports.

No tenants have yet signed on to an office building project that broke ground last week on East-West Highway, The Washington Post's Capital Business blog reports. Nonetheless, developers Carr Properties have secured a loan from Wells Fargo that will cover more than half of the $100 million cost, according to the report. Speculative office projects are rare in the Washington, DC, region, but Carr chief executive Oliver Carr III told Capital Business the space- and energy-efficient building will attract tenants who rent in older structures. The 220,000 square foot, nine-story office building will be LEED Platinum certified, and will also feature 13,000 square feet of ground-floor retail, below-grade parking, a fitness facility, a conference …

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