$25M Renovation Underway at 2 Bethesda Metro

reprints


The Chevy Chase Land Company has commenced work this week on a $25 million renovation project to reposition 2 Bethesda Metro, a 290,318-square-foot office asset in Bethesda, Md.

The 15-story building was developed in 2001 by Chevy Chase. Renovations will be completed in two phases, the first to be delivered this spring, and the second later this year.  

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“The renovation plans have been in the works for nearly two years,” Kevin McGloon, an executive at Cushman & Wakefield (CWK), which is handling leasing for the building, told Commercial Observer. “Ownership is excited and confident these upgrades will assure that 2 Bethesda Metro will keep pace as a true Class A asset, in line with the trophy-class buildings recently delivered and leased in the Bethesda CBD.”

Renovations planned include a new façade, an entryway off the Metro’s Bethesda station and a new lobby with expanded common areas. Additionally, a dedicated amenity building will provide tenants with a fitness center complete with yoga and locker rooms, a rooftop patio with outdoor fitness space, and a conference center with tenant lounge, pool table and kitchen. 

“The Chevy Chase Land Company has done an incredible job crafting the renovation plan, which caters to the comfort and well-being of their tenants,” said Peter Rosan, executive managing director at Cushman & Wakefield. “This multimillion-dollar renovation program will reinvent the workplace, transforming the property into a top-tier building with an abundance of best-in-class amenities and cutting-edge technology for the ideal live-work-play environment.”   

The property also recently received LEED Gold Certification. It is located minutes from Bethesda Row, an upscale  mall featuring shops, restaurants and a movie theater.. 

Tenants in the building include Capital One (COF) Bank, Northlane Capital Partners, DiamondRock Hospitality, Precision for Medicine and Cushman & Wakefield.

Keith Loria can be reached at Kloria@commercialobserver.com.