Updated Feb. 17 – The luxury town home community planned for Chevy Chase Lake Drive will be called the Brownstones at Chevy Chase Lake, with most of the units starting at $1.5 million.
Bethesda-based developer EYA has begun marketing the project, a neighborhood of 62 town homes on the site of vacant garden apartments controlled by the Montgomery County Housing Opportunities Commission (HOC).
EYA is partnering with the HOC in what’s likely to be the first new residential development completed thanks to new zoning established in Montgomery County’s 2013 Chevy Chase Lake Sector Plan. EYA’s marketing material says the sales center at the site is expected to open this spring or summer.
At least 15 percent, or 10 of the town homes, must be moderately-priced dwelling units—a category of income-restricted affordable housing that could end up costing about $200,000, according to McLean Quinn, EYA's vice president for land acquisition and development.
The three- and four-story town homes will be roughly 3,000 square feet with elevators, rooftop terraces and two-car garages.
As phase two of the project, the developers will build a half-acre park between the town homes and a 200-unit, 112-foot-tall apartment building. Quinn said construction on the apartment building could start as early as this summer and be completed by summer 2018.
Construction could also start late this year or early next year on the Purple Line light-rail, which will run along the existing Capital Crescent Trail immediately north of the property. The Chevy Chase Land Co. also hopes to start construction in late 2017 on the first phase of a mixed-use residential and retail redevelopment project for its shopping center next door.
Corrections: This story originally reported the town homes would be 50 feet tall. They will be about 30- and 40-feet-tall. Also, the phase two apartment building part of the project could start construction this year.
