6B— June 22 - July 12, 2012 — Mid Year Review — Mid Atlantic Real Estate Journal
www.marejournal.com
M EDIA
P ROJECT OF THE M ONTH
Mid Atlantic Real Estate Journal would like to congratulate LCOR and the project team on the groundbreaking of Aurora
COR has commemorat- ed the groundbreaking of Aurora, the second 18-story, $86 million rental property LCOR breaks ground at Aurora, North Bethesda, MD L
residential phase at North Bethesda Center at the White Flint Metrorail. The 18-story, $86 million rental project is slated for completion in July 2014. In April, LCOR secured a $43 million construction loan for the project from Sover- eign/Santander and signed KBR Building Group on as the project’s construction team. Leasing for Aurora is antici- pated to begin early 2014. The 341-unit rental build- ing will be located at the northeast corner of North Bethesda Center; a bustling 2.7 million s/f live-work com- munity rising just outside of Washington, D.C. Marking the second phase of the residential portion of this mixed-use proj- ect, Aurora meets the ongo- ing demand for a full-service lifestyle that is conveniently located within a dynamic, walkable setting. “LCOR’s vision for North Bethesda Center is swiftly coming to fruition with the groundbreaking of Aurora,” said Michael Smith, Senior Vice President of LCOR. “With the positive response to the first residential phase of this mixed-use community, we are confident Aurora will stand as a successful addition to North Bethesda Center.” Designed by WDG Architec- ture,Aurora will offer residents a high-end residence with a complete package of premium services and amenities. Building amenities include a well-appointed lobby; a fully equipped high-tech business center; community room with billiard room; roof deck with a sensational view; state-of-the- art fitness center; swimming pool, gorgeous community gardens and a 386 space park- ing garage. Located just 30 minutes north of Washington D.C., North Bethesda Center is a multi-phase project that is drastically transforming this city into a live, work and play environment with onsite ac- cess to transit. LCOR is well along in its plans to implement its vi- sion of the new Sector Plan at North Bethesda Center. In 2008, LCOR delivered the 18-story, 312-unit high- rise luxury rental apartment building, Wentworth House.
If you would like to feature your company, development or project call Elaine Fanning: (800) 584-1062/781-871-5298 Ext. 212
Aurora Rendering, LCOR’s second residential tower at North Bethesda Center
L AND U SE A TTORNEY
The residential building sits on top a 62,000 s/f Harris Tee- ter Grocery Store. The com- plex features a mix of studio, one- and two-bedrooms with a variety of layouts. Homes feature kitchens with maple cabinets, granite countertops and GE appliances. Bath- rooms include ceramic tiles and full size washer/dryer. Amenities include a club room, fitness center, rooftop pool, sunset terrace, billiards room, secured garage parking and a green roof atop the Har- ris Teeter store. LCOR is also scheduled to complete a 362,000 s/f office building to be occupied by the U.S. Nuclear Regulatory Com- mission at the end of 2012. This 14-story office building is an LEED Silver project and will serve as headquarters for 1,300 employees. LCOR’s North Bethesda Center, the largest joint de- velopment project ever ap- proved by the Washington Metropolitan Area Transit Authority, creates an urban neighborhood within steps of Red Line metro service. This more than 32-acre city- within-a-city will be equipped
with sophisticated residences, office space, diverse shopping options, dining, entertainment and public outdoor spaces, all a short walk from the White Flint metro station. A leader in mixed-use transit oriented development, LCOR brings decades of expertise in devel- oping dynamic communities that serve as destinations for live, work and play. LCOR is a real estate invest- ment and development compa- ny dedicated to creating better places for people to live, learn, work, travel and play. LCOR specializes in complex urban development including large- scale multifamily residential, commercial and mixed-use properties that often integrate housing, office, retail and transit components. The total value of LCOR’s developments completed, under construction or in pre-development exceeds $8 billion. Nationally, LCOR has developed more than 20,000 residential units and 19+ million s/f of commercial space. LCOR is principally focused in the eastern United States, with offices in the New York, Washington D.C. and Philadelphia areas. ■
Congratulations to LCOR Inc. We are proud to be part of Aurora Project Team at North Bethesda Center
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P ROJECT T EAM Developer ..............................................................LCOR Incorporated General Contractor............................................. KBR Building Group Architect.................................................................. WDG Architecture Landscape Architect ..................................................Parker Rodrigues MEP Engineer .......................................................WSP Flack & Kurtz Civil Engineer ......................................Loiederman Soltesz Associates Structural Engineer....................................................SK&A Engineers Land Use Attorney........................................ Linowes & Blocher, LLP Ground Lease Attorney.............................................................Venable Financial Institution .................................................... Sovereign Bank
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