Through a competitive process, LCOR won the rights to develop a 32-acre site at the White Flint Metrorail station in North Bethesda, Maryland. “LCOR understands and appreciates our goals for this project, the community and the Metro system,” said the Washington Metropolitan Area Transit Authority (WMATA), which owns the land. The White Flint station is a transportation hub for North Bethesda. This is the largest joint development project ever approved by WMATA.

LCOR's master plan for the project includes approximately 930,000 square feet of office space, 1,275 residential units, a 320-room full-service hotel, and 202,000 square feet of retail space. Phase I, which opened in 2008, includes a 312-unit apartment building and a 63,000 square foot Harris Teeter grocery store. Phase II includes a 14-story, 362,000 square foot office building now under construction. The building will be occupied by the U.S. Nuclear Regulatory Commission.

With an estimated cost of $850 million, this town-center development is expected to generate approximately 5,400 new jobs and almost 6,500 additional daily trips at the White Flint Metrorail station.

Notably, the project received a “Smart Growth Recognition Award” from the D.C. chapter of the Urban Land Institute and The Smart Growth Alliance, one of the first projects in the region to receive this prestigious designation.

Public Entity: Washington Metropolitan Area
Transit Authority
Use: Mixed-Use, High-Rise
Commercial and Residential
Size: Office Space: 930,000 Square Feet
Retail Space: 202,000 Square Feet
1,275 Multifamily Housing Units
Location: North Bethesda, Maryland
Cost: $850,000,000
Financing: Phase Specific
LCOR Role: Owner
Master Developer
Financier
Construction Manager
Property Manager

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