May 30, 2019
Stonebridge starts work on $300M spec Bethesda project
Stonebridge Associates has broken ground on its $300 million mixed-use project in the heart of downtown Bethesda, a project hailed by local leaders as a blueprint for new development in Montgomery County’s urban areas ...READ MORE
May 28, 2019
Stonebridge to seek multifamily developers for part of Victory Center
Stonebridge Associates plans to seek multifamily developers to reshape part of Victory Center now that Alexandria City Council has voted to change part of the property's zoning from commercial to residential ...READ MORE
May 28, 2019
Stonebridge Closes Deal For Vacant Alexandria Office Building, Plans To Add Residential And Retail
The parking lot around an Alexandria office building is being tapped for mixed-use development as the new owner aims to spur leasing at the long-vacant property. Stonebridge closed on its acquisition of the 607K SF office building at 5001 Eisenhower Ave., formerly known as Victory Center, for $43M, according to a source with knowledge of the deal ...READ MORE
April 22, 2019
Stonebridge moving quickly to prep Victory Center site for new development
Stonebridge Associates doesn't own Victory Center yet, but it is already moving to entitle the long-dormant Alexandria property for new uses. The Alexandria Planning Commission is scheduled May 7 to consider a subdivision and rezoning for a roughly 7-acre portion of the 16-acre Victory Center site, filed by Bethesda-based Stonebridge. Per the application, the proposed rezoning to the high-density, commercial residential mixed-use district will “allow for a vibrant mixed-use development that includes the retention of the Victory Center office building with the addition of town homes to the east." ...READ MORE
April 10, 2019
Stonebridge's acquisition of Victory Center seen as hopeful sign for Alexandria
The building at 5001 Eisenhower Ave. has been a proverbial white elephant for its current owner, an affiliate of PGIM Real Estate, missing out on multiple prospects since the Army Materiel Command moved out in 2003. That included winning the competition for the Transportation Security Administration's headquarters only to have a federal judge void the deal in 2015. Stonebridge, which is slated to close on its acquisition in late May for an undisclosed price, is pursuing additional development on other parts of the 16-acre property while seeking tenants for the existing building. That could include a mix of townhouses and retail space, uses Stonebridge Principal Doug Firstenberg hopes will make the office space more attractive to prospective users. ...READ MORE
