Regency Center Corp.—the company behind the redevelopment of Westwood Shopping Center in Bethesda—recently announced it has signed six tenants. The tenants are Piccoli Piatti Pizzeria, Tatte Bakery & Café, Silver & Sons BBQ, District DabbleLab, Stretch Zone and Westbard Dental.
The tenants will find a home in the $37 million first phase of the Westbard Square redevelopment project. The project is a two-phase 23-acre project at Westbard Avenue and Ridgefield Road and will include 148,000 square feet of retail and a 116-unit assisted living facility under construction by Kensington Senior Living.
Westbard Square’s first phase also includes a new Giant Food store, which opened earlier this year with a Ledo Pizza Corner Shoppe inside. The new supermarket replaces the Giant at 5400 Westbard Ave. [Washington Business Journal]
Home sale prices dropped in January
New data from the Greater Capital Area Association of Realtors (GCAAR) shows a 5.2% decrease in the median sold price of a house in Montgomery County in January when compared to December’s sold prices. The median sold price was $525,000.
More data from GCAAR:
- The median sold price increased 1.9% from January 2023;
- 456 homes were sold in January, a 24% decrease from the previous month but the same as the number sold in January 2023;
- There were 560 new home listings in the county, an increase of 63.7% from December’s total and a 19.2% decrease from January 2023, which saw 693 new listings.
“Although the additional listings won’t put much of a dent in the lack of inventory we’re currently experiencing, they’ll provide prospective homebuyers more options than they had at the end of 2023,” said GCAAR president Christopher Suranna in a news release. [Montgomery Community Media]
Montgomery Parks receives grants for arts, plus programming for seniors, teens
Five Montgomery Parks initiatives are being funded through grants totaling $85,000 from the Montgomery Parks Foundation, including arts projects and programming for county seniors and teens. Grant recipients will have one year to execute their projects.
Grants will help pay for:
- Art in the Parks to create and install a mural at Glenmont Local Park in Silver Spring;
- Oak tree carving initiatives. Artists will carve two oak trees into works of art for local parks;
- New programming for people age 55 years and older;
- Programs provided by the Trail Ambassadors Program, which introduces young people to the parks’ trail system and mountain biking; and
- A high school internship program called Teens Engaged in Environmental Stewardship (T.E.E.N.S.) that introduces teens to green careers.
“We know park visitors and program participants will really enjoy the new amenities and opportunities afforded by these grants,” Katie Rictor, the executive director of the foundation, said in a press release. [Montgomery Parks]
