Greystar Real Estate Partners, LLC (“Greystar“), a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, and Partners Group, a leading global private markets firm, acting on behalf of its clients, announced that they have broken ground on a new apartment building at 7340 Wisconsin in Bethesda.
“7340 Wisconsin Ave presents the unique opportunity to transform a forlorn site in the heart of Bethesda into a boutique project befitting of its trophy location, direct access to mass transit, top public schools and exceptional demographics.” said John Clarkson, Managing Director, Development, Greystar. “We are very fortunate to venture with Partners Group and collectively believe moving forward with our project in an uncertain environment will generate significant long-term value for the community and the partnership.”
“We are pleased to expand our relationship with Greystar, one of the country’s top developers, on this project. We look for high-conviction growth themes with best-in-class operators. The residential sector has been a core focus for us in the US, particularly high-quality assets with world-class amenities that support the resident experience,” said Jason Longo, Member of Management, Private Real Estate Americas, Partner’s Group.
Designed by Bethesda-based SK& I Architecture and New York City-based interior designer JGNA, the new community will be distinctive by design with a geometric terracotta façade and a minimalist, sculptural interior. On the unit floors, residents will experience shorter corridors and a small number of units per floor, allowing for a more intimate, boutique feel.
Apartments will be available in studios, one-, two- and three-bedroom layouts with penthouse units on the upper floors, some of which have direct elevator entry. Other unique unit features include separate cooktops and ovens, curated finishes, and keyless entry. Amenities for the residents will include a speakeasy, rooftop pool, screening room, work-from-home multi-use spaces, fitness center, and 24-hour concierge. The apartment building will also have retail located on the first floor of the building.
The location is steps away from many Bethesda shopping, dining and entertainment options, including vibrant Bethesda Row. The Bethesda Metro stations for the red line and future purple line are both about a block away, providing easy access to the greater DMV area and all of its offerings, including Reagan National and Dulles airports.
