Germantown, MD — The Montgomery County Planning Board recently approved preliminary plans, submitted by Matan Companies, to transform their existing office park in Germantown into a vibrant, 24/7 mixed-use town center.
The project site, currently known as Milestone Business Park, is located on Milestone Center Dr., just north of I-270 and west of Ridge Rd. The site will comprise 1,200,500 s/f of development, including 655,000 s/f of existing office space in four buildings, three new six-story mixed-use residential buildings with 485 apartment units, 28,250 s/f of new street-level retail space, and 3,161 total parking spaces. An existing, centrally located 63,000 s/f plaza will also be transformed to create an attractive gathering space for the project, and will feature an interactive water fountain, a kiosk, seat walls, lawn areas and more.
Casey Anderson, planning board chairman, said he was impressed with the plans. “If you guys deliver a project that looks like this when it is done, then you are welcome to do this in the southern part of Montgomery County, the eastern part, the western part, or the central part - any part that you would like.”
“It was really nice to see such a positive response to the project,” said Tracy Vargo, principal for Matan Companies. “We are eager to see this project move forward.”