O wners , D evelopers & M anagers

Real Estate Journal — Section B


M id A tlantic

Bernardon serves as architect on sustainable residential / retail project IMC Construction fast-tracks healthy living mixed-use in Dresher, PA


East and West buildings, con- nected by an enclosed pedestri- an bridge at the second level. Ground-floor retail will be topped by four levels of apart- ments and extensive amenity spaces, including media and game rooms, fitness room, dog wash and doggie day care. A resort-style pool highlights the private outdoor space of the West building, while an adja- cent park connects with walk- ing trails and bike share. The complex has on-street parking in addition to the garage. Environmental strategies include a green roof on a seg- ment of the East building for stormwater management. The Promenade team in- cludes construction manager IMC Construction; architect Bernardon ; interior designer Design Works ; structural engineer Baker, Ingram & Associates ; m/e/p Advanced Engineering ; and civil engi- neer Gilmore &Associates . 

RESHER, PA — IMC Construction , a na- tionally-recognized,

HI-LIGHTS M arch 29 - A pril 11, 2019 The Promenade at Upper Dublin, a $120 million project developed by BET Invest- ments, will bring 402 luxury apartments, a 500-car garage and 150,000 s/f of town center shops to a twenty-five-acre site in eastern Montgomery full-service construction com- pany with offices in Malvern and Philadelphia, has begun construction on a one-million- square-foot apartment and retail complex in Dresher.

Pedestrian bridge connects the East and West buildings of The Promenade at Upper Dublin. Rendering courtesy of Bernardon.

County. It is expected to be complete in the last quarter of 2020. “Although the sheer size and complexity of the project would typically carry a longer

to under two years of construc- tion, with early occupancies in less than eighteen months.” Clad in brick, metal and other upscale finishes, the Promenade is composed of the

schedule,” said Mike Ryan , IMC Construction’s vice presi- dent of preconstruction, “we used our BIM technology and project planning to fast-track the schedule and compress it


Elion Partners & Buchanan Partners break ground on 254-unit luxury apartment building at Glenmont

GAITHERSBURG, MD — Elion Partners and Bu- chanan Partners have bro- ken ground on a 254-unit luxury multifamily building adjacent to the Glenmont Metro station in the Mary- land suburbs of Washington, DC. Estimated to deliver in the third quarter of 2020, Atelier is the first new mul- tifamily construction in Glen- mont in decades. AGMFinancial Services has arranged a $57 million loan through HUD’s 221(d)4 program, providing construc- tion-to-permanent financing with a 40-year term. “This type of transit-ori- ented development is long overdue in Glenmont, with its close proximity to Metro, bike trails, shopping, parks, and employment centers,” said Jimmy Roembke , principal, Buchanan Partners. “We are excited to bring an amenity- rich lifestyle to this supply- constrained submarket.” Juan DeAngulo , manag- ing partner and co-founder of

EXPO 2019 5-15B

Pettinaro celebrates ground breaking of office building

254-unit luxury multifamily building rendering

Elion Partners, added: “Due to the strong demographic growth in this submarket and its supply-constrained nature, our long-term invest- ment in this asset will service professionals seeking close-in housing, lifestyle amenities, and a convenient commute to downtown Washington, DC.” Designed to earn National Green Building Standard certification, Atelier will have

a rooftop solar panel array that will generate most of the electric power for the build- ing’s common areas. Apartments will range from studios to two-bedroom units with dens. Stainless steel ap- pliances, granite countertops, and built-in wine racks will distinguish Atelier’s kitch- ens, with options for kitchen islands and wrap-around countertops.

Buchanan rezoned the 30-acre Glenmont site in 2012 and has sold parcels to Winchester Homes and MI homes, which are separately developing a total of 217 townhomes. In late 2018, Elion and Buchanan ac- quired the balance of the site as part of a joint venture, comprising 164 garden-style apartments and the 3.5-acre Atelier site. 



Industry Professional Profiles. ............................. 14B


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