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Washington DC & Mid-Atlantic  + DC Metro  + Healthcare  |  July 30, 2024
Paul Bubny
By: Paul Bubny

Metro, Montgomery County Seek Developer for Life Sciences Hub

Metro and Montgomery County officials launched an initiative to seek an experienced developer to build a major transit-oriented life sciences center at the North Bethesda Metrorail Station. The development, which would span up to 3.7 million square feet, will include housing, office, retail, and public spaces. The University of Maryland’s newly formed Institute for Health Computing will anchor the future development.

A Request for Qualifications has been issued for a developer with experience creating life science hubs. After selecting a developer later this year, Metro will negotiate a Joint Development Agreement allowing the developer to proceed with the 13.9-acre site.

“This is a win for Metro, a win for the county and a win for the region,” said Metro general manager and CEO Randy Clarke. “Metro’s strategic plan calls for maximizing the use of our land for the benefit of the region, and to increase ridership with new transit-oriented development. This agreement is the first step to transform an empty field into a world-class life science-anchored community.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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