Overview

Location

Bethesda MD

Property Type

High-rise apartments (14 stories)

Units

308

The Metropolitan, constructed in 1997, is a 14-story, 308-unit high-rise apartment building. It currently provides 92 affordable units and 216 market-rate units. The 216 market-rate units underwent minor renovations in 2013, but the affordable units have not been updated since they were initially placed in service. 

The property is built above the Montgomery County-owned Metropolitan Public Parking Garage 49, and the legal title is an air rights condominium.  Since the Property was first occupied, the market and affordable units have integrated seamlessly, and no issues have been raised by residents on either side. This is one of the success stories of HOC’s history of mixed-income development in Montgomery County.

The property will be undergoing a resyndication of the affordable Low Income Housing Tax Credit (LIHTC) units and a renovation of all 308 units. The renovation will be carried out in phases. During each phase, the units will be vacated within that phase for the duration of the construction. The remaining units will remain occupied, and tenants will continue to use the parking garage and common areas of the property.

The scope of work includes redesigning and renovating various areas throughout the community. This includes the lobby, common areas, exercise and recreational spaces, rooftop pool, mechanical systems, and residential units. The goal is to update and enhance the overall aesthetic and functionality of the community.

Contact Details

Address

Bethesda MD

Property Manager

Bozzuto Management Company

Contact Number

Not Mentioned

Fax Number

Not Mentioned

Email Address

Not Mentioned

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