2014 | 2014

Bethesda’s Peripoint Building Looking For New Tenant

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One of Bethesda’s most interesting pieces of architecture is looking for a new tenant, despite its spot in the middle of a busy downtown intersection.

Bang & Olufsen, the high-end Danish television and electronics company, is closing by Nov. 20, according to a report from local blogger Robert Dyer.

That will leave 1,800 square feet of vacant retail space at 5001 Wilson Lane, on the first floor of the triangular Peripoint Building designed to fit onto one corner of the intersection of Wilson Lane, Old Georgetown Road and Arlington Road.

Bethesda-based Streetsense is one of the companies that has marketed the vacant space as a great way to get into downtown Bethesda, less than a mile from the Metro and near about 1,300 new or expected residential units.

But it remains to be seen if retail in the spot can hold up.

Peripoint Building, via Peripoint BuildingBang & Olufsen opened at the spot, which includes a mezzanine and outdoor patio, in the summer of 2012.

Many have pointed to the apparent divide between the older, mom-and-pop dominated Woodmont Triangle section of town and Bethesda Row, with heavily traveled Old Georgetown Road as one of the dividing lines.

Architect Michael Belisle finished the Peripoint Building in 2008, explaining to The Gazette at the time that the location’s high visibility was a major attraction.

The former spot of the 1929 Sanitary Store is at an intersection where about two million vehicles pass through each month, Belisle said. Other tenants include a tech company and art studio.

The building at one point offered advertising space on a 13-foot-by-7-foot LED board along the outside of the structure.

According to marketing materials, the space would be ideal for a financial institution or upscale local retailer.

Photos via StreetSense, Peripoint Building