Developers have unveiled an aerial rendering of the “mini-city” they imagine rising out of a 31-acre site on Shady Grove Road in Rockville.

1788/Riverside Business Center, LLC, an affiliate of 1788 Holdings, L.L.C., a Bethesda, Maryland-based real estate investment company, has acquired Riverside Business Center, a 423,900 square foot single-story light industrial building in Whitehall, Pennsylvania for $11.65 million.  Located at 1139 Lehigh Avenue, the building was approximately 87% leased at the time of the acquisition with eleven tenants.

Here in Bethesda, the recent purchase of two condominium units within Quarry Springs by a single buyer, represents the largest residential condo transaction in square feet completed in the greater D.C. area within the past ten years.

The owner of the Quarry Springs community in Bethesda has sold two adjoining condominiums to a single buyer for $6.25 million.

Riverside Business Center in Whitehall comprises 423,900 square feet and was 87 percent leased to 11 tenants at the time of sale.

Riverside Business Center presented us with the unique opportunity to acquire a high-quality Class “B” light industrial property

1788/Riverside Business Center, LLC, an affiliate of 1788 Holdings, L.L.C., a Bethesda, Maryland-based real estate investment company, has acquired Riverside Business Center, a 423,900 square foot single-story light industrial building in Whitehall, Pennsylvania for $11.65 million.  Located at 1139 Lehigh Avenue, the building was approximately 87% leased at the time of the acquisition with eleven tenants.

A project plan was submitted last month for a mixed-use development on 31 acres along Shady Grove Road between Choke Cherry Road and Gaither Road.

Developers have unveiled an aerial rendering of the “mini-city” they imagine rising out of a 31-acre site on Shady Grove Road in Rockville.

Oct 27, 2016 Jon Banister, DC – After buying a 31-acre site along Shady Grove Road in Rockville last year for $50M, 1788 Holdings and Chinese-backed Lantian Development had discussed plans to build a 2M SF “mini-city.” 

When arriving home from a vacation means tossing your keys to the valet parking attendant who greets you by name, chatting with the concierge about your theater tickets and walking into a freshly cleaned home with a restocked refrigerator, you may feel as if you’re a chic New Yorker living on Manhattan’s East Side.