Officials from Metro and Montgomery County have joined forces to launch a new project aimed at creating a state-of-the-art transit-oriented life sciences center at the North Bethesda Metrorail Station. The ambitious development, spanning over 3.7 million square feet, will feature a mix of residential, commercial, and public spaces. The University of Maryland’s recently established Institute for Health Computing will serve as the anchor for this exciting venture.
To find an experienced developer capable of bringing this vision to life, a Request for Qualifications has been issued. By the end of this year, Metro plans to select their partner and enter into negotiations through a Joint Development Agreement that would grant them access to the 13.9-acre site.
“This is truly beneficial not just for Metro but also for our county and region,” stated Randy Clarke, CEO and general manager of Metro.” As outlined in our strategic plan, we are committed to maximizing land usage in ways that benefit our community while increasing ridership through innovative transit-oriented developments like this one.” This agreement marks only the first step towards transforming an empty field into an exceptional community anchored by cutting-edge advancements in life sciences research.
