Development has begun on a 280-acre mixed-use project adjacent to the White Oak headquarters of the U.S. Food and Drug Administration headquarters in Silver Spring, Maryland.
Baltimore-based MCB Real Estate has announced its initial plans for Viva White Oak, which will entail 12 million square feet of construction. More than half of that space will be comprised of retail and food-and-beverage uses 525,000sq ft of offices, biomedical/biotech labs and research and development facilities.
Most of the rest will be taken up by 4,500 private residences, a hotel and senior living space. Some 85 acres will be devoted to open space that will include forested nature trails, parks and other public uses.
“This is great news for Montgomery County,” said County Executive Marc Elrich. “Our investments and partnership with MCB in this transformative project will further promote our inclusive community economic development goals for the area and county as a whole.”
Last year, MCB opened Drexeline Town Center in suburban Philadelphia that contains 60,000sq ft of medical offices and is anchored by a 72,000sq ft ShopRite supermarket. Its Yard 56 development in Baltimore neighbours the Johns Hopkins Medical Center and is anchored by Streets Market and LA Fitness.
