Glenelg
Real Estate
Ellsworth Place Development: 20-Story Apartment Tower Seeks Approval in Downtown Silver Spring
Plans for a large new residential project above Ellsworth Place in downtown Silver Spring are set to proceed, according to UrbanTurf. A staff report (PDF) from the county’s Planning Board meeting on May 16 recommends approving a sketch plan outlining a nearly 20-story, 450-unit apartment project to be constructed atop the mall’s existing structure along Colesville Road.
JBG Smith-Managed Fund Surpasses Affordable Housing Goal with Takoma Park Refinancing
The Washington Housing Initiative’s Impact Pool has exceeded its target of preserving 3,000 workforce housing units across the region after assisting the owner of a Takoma Park apartment complex in refinancing their loan. The Impact Pool provided a $6 million mezzanine debt loan to Silver Spring-based housing nonprofit Montgomery...
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