The Chevy Chase Land Company, a commercial real estate investment and asset management company with properties across the Washington, D.C. metro area, and Bozzuto, an experience-focused real estate company distinguished by their innovative developments, received Preliminary Plan Approval from the Planning Board for “Block A” or Chevy Chase Lake West, the second phase of the transit-oriented, mixed-use project in Chevy Chase known as Chevy Chase Lake.
“The demand for a thoughtful mix of residential and retail in this sector of Connecticut Avenue is proven in the success of our first phase of Chevy Chase Lake,” said The Chevy Chase Land Company CEO John Ziegenhein. “The land here has been underutilized, and with the Purple Line, we now have connectivity from Bethesda to Silver Spring and downtown D.C., while also being proximal to the freeway. We look forward to continuing our partnership with Bozzuto on the second phase of this remarkable development.”
The 245,952-square-foot development will replace the low-rise shopping center and its surface parking lot with a 220-unit multifamily-over-retail building in a mix of apartments and townhouse styles, with up to 28 moderately priced dwelling units (MPDUs). The project will also add up to 19,000 square feet dedicated to retail and commercial space.
“This approval marks an essential step in progressing our shared vision with The Chevy Chase Land Company by creating a gateway into this dynamic and vibrant community. We remain focused on long-term design and development to serve the Chevy Chase neighborhood and surrounding area through preservation of character while enhancing connectivity and public gathering spaces,” said President and CEO Toby Bozzuto.
Chevy Chase Lake West, located on 1.8 acres at 8550 Connecticut Ave., just east of Bethesda, is part of an approximately 16-acre development spanning Connecticut Avenue. Combined with Chevy Chase Lake, there will be more than 1.5 million square feet of new mixed-use development, centered on a forthcoming Purple Line rail transit station.
Phase One of Chevy Chase Lake includes 100,000 square feet of retail and three residential buildings focused around a 13,000-square-foot pedestrian piazza with landscaped public green space connected to the Connecticut Avenue Purple Line. The community is home to apartment properties The Barrett and The Claude, as well as the Ritz Carlton condominiums. Retailers include anchor Amazon Fresh grocery and several neighborhood-serving retail and restaurants, including locally based merchants Elena James, The Charmery, and Uncorked, with more restaurants opening soon.
About The Chevy Chase Land Company
The Chevy Chase Land Company is a fully integrated commercial real estate investment and asset management company with a portfolio of approximately 1.5 million square feet of high-quality office, retail, and residential properties across the Washington, D.C. region. Distinguished by its experienced team, industry-leading strategies and positive workplace culture, The Chevy Chase Land Company is backed by its award-winning developments and network of nationally recognized partners. Founded in 1890, the firm has been committed to innovation, while taking a collaborative, community-first approach to investing in local neighborhoods. For more information visit www.chevychaseland.com or follow us on LinkedIn.
About Bozzuto
Bozzuto is an experience-focused real estate company distinguished by their innovative developments, dedicated customer service, and top-rated workplace culture. With award-winning expertise in homebuilding, multifamily development, construction, and management, Bozzuto is devoted to delivering extraordinary experiences for those they serve.
Since their founding in 1988, Bozzuto has developed, acquired, and built more than 50,000 homes and apartments. Celebrating 35 years of creating sanctuary for their residents, Bozzuto currently manages 100,000 apartments and 3.5 million square feet of retail space across the U.S., with more than 8 million square feet currently under construction. www.bozzuto.com
