Federico Olivera-Sala presents at ULI Case Study: Camden Shady Grove
On September 27, our Associate Principal, Federico Olivera-Sala, joined Will Smith (Camden), Tim Dugan (Shulman Rogers), and Vic Bryant (Macris Hendricks) on the panel of the ULI Washington Camden Shady Grove Case Study. Fede discussed the entitlement process and design of this $115 million apartment project made up of just under 500,000 square feet of residential space with 457 units (five of which are Live/Work units). The project will be completed in December.
After discussion, the team led attendees on a property tour to see the spacious model unit, and the amenities that include a paw spa pet grooming lounge, outdoor bocce ball court, a gym and a heated salt water pool with adjacent terraced gardens. Thank you Camden Shady Grove for hosting this event!
From ULI Washington:
Camden Shady Grove is a model of the next generation of suburban-to-urban development: converting traditional suburban office parks into more urban and lively 24/7 mixed-use communities. Located within the Montgomery County Life Sciences Center at the DANAC Stiles Corporate Campus, Camden Shady Grove is designed to evolve and accommodate the rapidly changing Montgomery County suburbs.
The community is comprised of 457 apartment units, of which 12.5% are Moderately Priced Dwelling Units (“MPDU”), and is seeking LEED® Certification. Future plans for the corner of the building closest to the future CCT Station include a lobby, amenity space, and 5,000 sf of commercial code constructed Live/Work units. Camden Shady Grove not only provides parking for today’s individual driving/traditional needs but also offers a host of alternative transportation options, including 2 Capital Bikeshare stations, Zip Car parking, Carpool parking, a designated Uber pickup area, and multiple electric car charging stations. This project also has designed space to take advantage of the future adjacent Corridor Cities Transitway (“CCT”) Station.