The Chevy Chase Land Co., along with Cushman & Wakefield, have began an enchancment challenge at 2 Bethesda Metro, a 290,318-square-foot, Class A workplace constructing in Bethesda, Md. Cushman & Wakefield serves because the property’s unique leasing agent. The renovation plan’s preliminary part, at present underway, is predicted to be accomplished within the spring of 2023, whereas Section II shall be delivered later this yr.
The $25 million renovation technique will present upgraded amenity house and can improve the expertise of present and future workplace customers on the property. The 15-story constructing has lately acquired LEED Gold certification, The Chevy Chase Land Co.’s Government Vice President of Asset Administration, Jason Winans, mentioned in ready remarks.
Enhancements underway
Floor-level upgrades will embody a brand new exterior, a relocated entrance and a refurbished foyer that includes massive gathering areas. The renovation challenge additionally requires the addition of a devoted amenity constructing that can function a health middle, a yoga studio, a rooftop terrace with health house, locker rooms, a convention middle and a lounge. The constructing’s tenants may even have entry to concierge providers, supplied by means of CBRE’s Host Concierge platform, which goals to raise the office expertise.
Cushman & Wakefield’s crew led by Government Managing Director Peter Rosan, Government Director Kevin McGloon and Director Katie Gormley will market the property for lease. Different tenants at 2 Bethesda Metro embody New & Lowinger, O’Keefe Communications and AGNC Funding Corp., amongst others, based on CommercialEdge knowledge.
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Positioned at 7401 Woodmont Ave., the mid-rise workplace property options 5 passenger elevators, 19,230 sq. ft floorplates, 15,000 sq. ft of first-floor retail and 200 parking spots, based on CommercialEdge.
Located on a 1.2-acre lot, the workplace asset supplies direct entry to Washington Metro system’s Purple Line. The property can be positioned throughout from the Bethesda Row buying middle, 7.6 miles from downtown Washington, 7.7 miles from Chain Bridge in McLean, Va., and inside 11 miles of Ronald Reagan Washington Nationwide Airport.
Earlier this month, Cushman & Wakefield was tapped because the unique leasing agent for Union Station, a 607,735-square-foot workplace and retail asset in Washington, owned by Rexmark. In September 2022, Columbia Property Belief Inc. accomplished the renovation of its 286,000-square-foot workplace property, that consisted of an 108,000-square-foot enlargement atop the prevailing construction. The challenge marked D.C.’s first workplace improvement to incorporate environmentally pleasant mass timber.