Groundbreaking for Westchester at Olde Towne - A Transit-Oriented Smart Growth Development

Groundbreaking for Westchester at Olde Towne: A Transit-Oriented Smart Growth Development

Elements of the Event:
Remarks from:

• Rob Seldin, Archstone’s Senior Vice President of Development for the East Region
• Neil Brown, Archstone’s Chief Development Officer
• Sidney A. Katz, Mayor of Gaithersburg
• Angel L. Jones, Gaithersburg City Manager
• Photo Opportunity – Ceremonial Groundbreaking
• As part of its commitment to the community, Archstone will present a donation to the Gaithersburg Police Foundation

 About the Project:

• 6-acre site directly across from MARC commuter station
• Maryland Smart Site Designation, illustrating best principles in smart growth, including compact, walkable and mixed use community designs providing residents with access to jobs, transit and a variety of housing choices
• Within a Maryland Enterprise Zone, providing property and income tax credits to help Olde Towne realize its revitalization goals
• Comprised of 389 rental units on five levels
• 15,000 square feet of ground level retail
• Resident amenities to include a beach-entry lagoon pool, re-oxygenating fitness center, pet grooming salon, resident greenhouse, and above-ground parking garage
• Completion estimated Spring, 2012