StonebridgeCarras developed a new police station for Montgomery County in exchange for ownership of the existing police station at 7359 Wisconsin Avenue. Combined into an assemblage with two other parcels, 7373 Wisconsin Avenue will include 500,000 SF of office, retail and hotel.
Fort Lincoln Apartments is 236-unit Class A apartment project developed by The Concordia Group and Fort Lincoln New Town Corporation in Washington, DC. The 5 story project is adjacent to a green forested buffer and includes state-of-the-art amenities in walking distance to retail shopping and parks in the Fort Lincoln community.
Flats Bethesda/Darcy Condos is a mixed use real estate project developed by StonebridgeCarras and PN Hoffman located in downtown Bethesda, MD. Adjacent to Bethesda Row, the project consists of an 88-unit residential condominium, a 162-unit apartment building, approximately 39,000 SF of retail space and a four story, below-grade parking garage with 960 public and 300 private spaces. Buvermo is invested in the venture along with Northwestern Mutual. Construction was completed in 2016.
The Swift is a mixed use project at the Metro stop on Georgia Avenue in the emerging DC neighborhood of Petworth. Developed by Duball, LLC, the project consists of a 62,000 square foot Safeway grocery store, 219 rental apartments and 2 levels of below grade parking. Safeway has retained ownership of the new store and the apartments were sold in 2014.
Foxhall Ridge Townhomes is a 34-unit luxury townhome project on MacArthur Boulevard in the Palisades neighborhood of Washington, DC. The site was purchased in November 2010 via a joint venture partnership of Duball LLC and Buvermo. Construction began in 2011 and the project was sold out in 2014.
500 Madison is a mixed-use project in Old Town Alexandria which consists of a 58,000 square foot Harris Teeter grocery store, 175 rental apartments and three levels of below-grade parking. A joint venture partnership of Buchanan Partners, the Pinkard Group and Buvermo purchased and assembled the site along with several other parcels in 2010. In 2012 the venture was recapitalized to include Principal Financial Group. Construction commenced mid-2012 and the project was completed in 2015.
Market Square Frederick is a 75 acre mixed-use land development project located in Frederick, Maryland that was acquired by a JBGR/Willard, Stanford Properties and Buvermo venture in December 2008. The project includes 240,000 SF of retail space, 207 residential lots and 196 multifamily units. Home sales commenced in 2011 and in 2013 construction of the shopping center was completed. JBGR/Willard, Stanford and Buvermo continue to hold the shopping center as a stabilized investment.
Discovery Tech Center is a 150,000 square foot building in Silver Spring, Maryland that is leased by Discovery Communications, Inc. for their main editorial production and IT facility. The building is two blocks from the Silver Spring Transportation Center with Metrorail, bus and commuter rail. In 2012, Buvermo co-invested with The Brick Companies, who also manages the property.
Brittany Commons is a 576-unit garden apartment community in Fredericksburg, Virginia on the I-95 corridor, 45 miles south of the Capital Beltway. In 2012, Buvermo bought an interest in an existing partnership that includes Horning Brothers who continues to manage the property. A FHA long-term loan is in place.
Grayson Flats is a 67-unit residential project. In June 2010, a joint venture with Insight Property Group and Buvermo purchased three existing 1950's brick apartment buildings containing 42 units on a 1.6 acre site in Arlington, Virginia. Demolition of the site began in 2011, construction was completed in March 2013 and the project was sold in April 2013.
The Village at Waugh Chapel is a 390,000 SF Safeway grocery-anchored shopping center in Crofton, Maryland, between Washington, DC and Annapolis, Maryland. The property opened in 2002 and a final phase was completed in 2009. It is the dominant grocery anchored center in its trade area. In February 2010, a venture including JBGR/Willard, JBG and Buvermo acquired the property. The property was sold in 2011.
One Bethesda Center is a Class "A" 12-story, 180,000 square foot office building built in 1986 with a 400 space underground parking garage. The property is in the center of downtown Bethesda, one block from the Metrorail station, the new purple line and the restaurants and shops of Bethesda Row. In 2009, a JBG and Buvermo venture acquired the building and the property was sold in 2011.
Glenmont Crossing Apartments is a Class "B" apartment community located in Wheaton, Maryland, within walking distance to Metro. The properties, originally built in 1967 and fully renovated in 2007, contain 102 garden units and 97 townhouse units. In October 2009, a venture of Abbey Road Properties and Buvermo acquired the communities from Fairfield Residential. The property was sold in 2012.
The Reston Sheraton is a 301 room, full-service hotel located in Reston, Virginia and was the first major hotel developed in Reston when it was built in 1973. It is located adjacent to the Reston International Center office building in the center of the Reston Heights project, a 3.5 million square foot development by JBG. The hotel underwent a $12 million and $3 million renovation in 2002 and 2007, respectively. Buvermo's interest was sold in 2012.
The project is a fully leased 139,000 Class A Office building located in JBG's "Reston Heights" mixed-use development in Reston, Virginia. In 2005, a venture was formed with JBG, Rockwood, and Buvermo that acquired the land from the adjacent Sheraton Reston Hotel and funded predevelopment activities for it and an adjacent Westin Hotel. Construction began in 2005 and was substantially completed in May 2007. Buvermo's interest was sold in 2012.