White Oak Town Center

White Oak Town Center 2019-04-29T13:35:22-04:00

Project Description

Brokers:
John Pellerito

Parcel Address:
12345 Columbia Pike, Silver Spring, MD 20904

Size (Acres):
20

Use:
Office / Industrial / Suburban Residential

Overview of features and benefits:
White Oak Town Center is a Grocery-Anchored, mixed-use redevelopment opportunity located in Washington DC’s affluent suburb of Silver Spring, MD. The development has been broken up into two phases. Phase I is a 6.9 acre site that is finalizing approvals for 275,000 SF of residential apartments and 73,500 SF of retail, including a national, boutique grocer who has signed on to take about 13,000 SF. Phase II includes 13.2 acres of industrial/flex/office buildings with significant cash flow. The site has obtained a rezoning approval from the county that allows for future mixed-use redevelopment. Conceptual plans for Phase II include 5-story multifamily, ground floor retail, and commercial. Together, the two phases have development potential of up to 1.2 million SF.

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