The clubhouse and two condo buildings at Quarry Springs in Bethesda Credit: Quarry Springs

The co-developer of the resort-like Quarry Springs condominium project on River Road initially thought most new residents would be couples looking to downsize from single-family homes on sprawling properties in nearby Potomac.

Larry Goodwin, founder of 1788 Holdings, says the opposite has happened. Of the 12 units sold at the property just outside of the Beltway, 10 were bought by families or couples that were previously living inside the Beltway, some already in other condo buildings within walking distance of Metro stations.

“This was really more of a Potomac-based bet,” Goodwin said recently in the clubhouse on the Bethesda project. “We figured that folks who lived out here, live out here for a reason. We figured they didn’t want the mansion anymore. They wanted to simplify their lives. What’s happened is a little bit surprising to us.”

The first two buildings on the property, each with 25 two- and three-bedroom units ranging in price from $1.2 million to $4 million, opened for move-ins last fall.

David Kanter, a Chevy Chase-based attorney, said he and his wife moved to Quarry Springs from the Chase Point Condo building just across the Washington, D.C., line because they missed the outdoor aspect of their Potomac home, which they left in 2007.

He pointed to the walking trail and waterfall at Quarry Springs, the outdoor element of the project completed in the spring. The 13-acre gated property is on the site of the old Stoneyhurst Quarry.


The waterfall at Quarry Springs, built inside a former quarry on River Road just outside the Beltway. Via Quarry Springs

“We thought about doing something to be back in touch with nature so to speak,” Kanter said. “I didn’t miss Potomac or the idea of having a house. But I think the idea of having what feels like a house appealed to us.”


Goodwin said 1788 Holdings and co-developer IHP Capital Partners are considering putting a temporary dog park on the other half of the property, which is now empty but is approved for two additional condo buildings.

Goodwin said there’s no timeline on when the developer might build those additional 50 units and it’s possible 1788 Holdings will incorporate townhomes instead of more six-floor condo buildings on the spot.

“The idea is you get a yard but it’s not on your nickel and somebody else is taking care of it,” Goodwin said. “If you had said we were going to have roughly 10 to 12 folks from D.C. and the close-in suburbs of Virginia and Maryland, we would’ve been blown away.”


Outside the two Quarry Springs condo buildings and inside one of the model units, via Quarry Springs