Bainbridge Bethesda to Break Ground

• August 15th 2011

by UrbanTurf Staff

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DCmud recently reported that construction on Bainbridge Bethesda (originally The Monty), a 174-foot tall apartment building in Bethesda’s Woodmont Triangle, will start in the coming weeks. The apartment project will be located near the intersection of Fairmont Avenue and St. Elmo’s Avenue (map).

Originally, the project was scheduled to start construction months ago, but as DCmud describes, “equity issues” have delayed construction:

The project is a long time coming, having been before the county planning board for 5 years. Bainbridge purchased the site with approvals last summer, and expected to break ground almost immediately, but equity issues have held up construction, which has been billed as nearly imminent since that time.

The post provides details about the new equity partners, as well as specifics about its amenities (gym, four levels of below-grade parking) and completion date (late 2013).

While the project is no longer called The Monty, downtown Bethesda is still expecting another Monty, of sorts. The Darcy, a 250-unit condo project that will be located at the corner of Bethesda and Woodmont Avenue, started sales a few months ago. The project is the product of a partnership between seasoned condo developers PN Hoffman (founder Monty Hoffman) and StonebridgeCarras. It will initially have 60 luxury condos ranging in price from $750,000 to $3 million, and construction is scheduled for completion in 2014.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/bainbridge_bethesda_to_break_ground/3983.