{"id":17331,"date":"2024-07-30T21:10:15","date_gmt":"2024-07-30T21:10:15","guid":{"rendered":"https:\/\/mpower.maryland.edu\/?p=17331"},"modified":"2024-08-05T14:22:50","modified_gmt":"2024-08-05T14:22:50","slug":"montgomery-county-and-metro-seek-developer-to-create-major-life-sciences-mixed-use-project-in-north-bethesda","status":"publish","type":"post","link":"https:\/\/mpower.maryland.edu\/montgomery-county-and-metro-seek-developer-to-create-major-life-sciences-mixed-use-project-in-north-bethesda\/","title":{"rendered":"MPower Strategic Initiative to Anchor Major Life Sciences, Mixed-Use Project"},"content":{"rendered":"\n<p><sub>Pictured: Montgomery County Executive Marc Elrich and Metro&#8217;s Randy Clark are surrounded by Maryland Senators Chris Van Hollen and Ben Cardin, UMB President Bruce E. Jarrell and UMCP President Darryll J. Pines, State Officials, County Council Members, and UM-IHC leadership. Photo courtesy of UM-IHC.<\/sub><\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Published on the <a href=\"https:\/\/mocoshow.com\/2024\/07\/29\/montgomery-county-and-metro-seek-developer-to-create-major-life-sciences-mixed-use-project-in-north-bethesda\/\">Montgomery County website<\/a><\/strong>    |    <strong> July 29, 2024<\/strong><\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong><a href=\"https:\/\/www.wmata.com\/\">Metro<\/a><\/strong> and <strong><a href=\"https:\/\/www.montgomerycountymd.gov\/\">Montgomery County<\/a><\/strong> officials launched an initiative Wednesday, to seek an experienced developer to build a major transit-oriented life sciences center at the North Bethesda Metrorail Station, that will include housing, office, retail, and public spaces.<\/p>\n\n\n\n<p>Maryland Sens. <strong><a href=\"https:\/\/www.vanhollen.senate.gov\/\">Chris Van Hollen<\/a><\/strong> and <strong><a href=\"https:\/\/www.cardin.senate.gov\/\">Ben Cardin<\/a><\/strong> presented a $5 million check that will help pay for planning and preliminary engineering for a new north entrance to the North Bethesda Metro Station.<\/p>\n\n\n\n<p>Metro announced the issuance of a Request for Qualifications for a developer with experience creating life science hubs. After selecting a developer later this year, Metro will negotiate a Joint Development Agreement allowing the developer to develop the 13.9 acre site. The project is anticipated to include approximately 2 to 3.7 million square feet of development.<\/p>\n\n\n\n<p>Montgomery County Executive <strong><a href=\"https:\/\/www.montgomerycountymd.gov\/exec\/bio\/marc_elrich.html\">Marc Elrich<\/a><\/strong> and Metro General Manager and CEO <strong><a href=\"https:\/\/www.wmata.com\/about\/leadership\/\">Randy Clarke<\/a> <\/strong>signed a Memorandum of Understanding, affirming the County\u2019s and Metro\u2019s roles and commitments to the project. \u201cThis is a win for Metro, a win for the County, and a win for the region,\u201d said Clarke. \u201cMetro\u2019s strategic plan calls for maximizing the use of our land for the benefit of the region, and to increase ridership with new transit-oriented development. This agreement is the first step to transform an empty field into a world-class life science-anchored community.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Progress for the Future Home of the University of Maryland Institute for Health Computing\" width=\"640\" height=\"360\" data-src=\"https:\/\/www.youtube.com\/embed\/ATsXy7Q7mW4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The County, with the support of its Congressional and state delegations, is providing infrastructure funding and economic development incentives. It has also helped establish a higher education-affiliated research institute to attract life science and technology businesses.<\/p>\n\n\n\n<p>\u201cIn just a few years, the North Bethesda Metro station will become the epicenter of the region\u2019s life science community \u2013 rarely has our region seen such a valuable placemaking opportunity for development,\u201d said Elrich. \u201cBy transforming the North Bethesda Metro Station area into a premier life sciences and mixed-use development, we are creating jobs, stimulating our local economy, and fostering a vibrant community where people can live, work, learn, and innovate. As I have traveled around the world and throughout our nation targeting life science and other advanced technology companies, this property, anchored by the <strong><a href=\"http:\/\/ihc.umd.edu\">University of Maryland Institute for Health Computing<\/a><\/strong>, has generated an incredible amount of interest. I expect that we will see a lot of world-class development companies bidding to build this space into something that many others will try to replicate.\u201d<\/p>\n\n\n\n<p>The University of Maryland\u2019s Institute for Health Computing will anchor the future development. The newly formed research and technology institution is planning to locate its permanent headquarters on the site, which is expected to generate spin-off jobs.<\/p>\n\n\n\n<p>\u201cThe University of Maryland is committed to investing in people and communities, partnering to advance the public good, and taking on the grand challenges of our time,\u201d said <strong><a href=\"http:\/\/umd.edu\">University of Maryland College Park<\/a><\/strong> <strong><a href=\"https:\/\/president.umd.edu\/administration\/staff\/pines\">President Darryll J. Pines<\/a><\/strong>. \u201cThe Institute for Health Computing is a groundbreaking center of research and discovery that makes the lives of all Marylanders better while simultaneously creating economic benefits for our region. This kind of innovation only happens when partners throughout academia, government, and industry come together around a shared vision of progress.<\/p>\n\n\n\n<p>\u201cAs a proud anchor of this transformative development, the University of Maryland\u2019s Institute for Health Computing looks forward to pioneering advancements that will shape the future of health research and technology,\u201d said <strong><a href=\"http:\/\/umaryland.edu\">University of Maryland, Baltimore<\/a> <a href=\"https:\/\/www.umaryland.edu\/president\/presidents-biography\/\">President Bruce E. Jarrell, MD, FACS<\/a><\/strong>. \u201cThis strategic partnership exemplifies our dedication to not only fostering cutting-edge discoveries but also driving economic development for Maryland.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175739430_iOS1-rotated.jpg\"><img fetchpriority=\"high\" decoding=\"async\" width=\"683\" height=\"1024\" data-id=\"17338\" src=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175739430_iOS1-683x1024.jpg\" alt=\"\" class=\"wp-image-17338\" srcset=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175739430_iOS1-683x1024.jpg 683w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175739430_iOS1-200x300.jpg 200w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175739430_iOS1-768x1152.jpg 768w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175739430_iOS1-1024x1536.jpg 1024w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175739430_iOS1-rotated.jpg 1080w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/><\/a><figcaption class=\"wp-element-caption\">President Bruce E. Jarrell, MD, FACS<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175522560_iOS1-rotated.jpg\"><img decoding=\"async\" width=\"683\" height=\"1024\" data-id=\"17337\" data-src=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175522560_iOS1-683x1024.jpg\" alt=\"\" class=\"wp-image-17337 lazyload\" data-srcset=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175522560_iOS1-683x1024.jpg 683w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175522560_iOS1-200x300.jpg 200w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175522560_iOS1-768x1152.jpg 768w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175522560_iOS1-1024x1536.jpg 1024w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/20240729_175522560_iOS1-rotated.jpg 1080w\" data-sizes=\"(max-width: 683px) 100vw, 683px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 683px; --smush-placeholder-aspect-ratio: 683\/1024;\" \/><\/a><figcaption class=\"wp-element-caption\">President Darryll J. Pines<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<p>Congressional, state, and local elected officials from Maryland and Montgomery County highlighted the public investments and commitment to the project, which include infrastructure and higher education funding from federal, state, and local operating and capital funds.<\/p>\n\n\n\n<p>\u201cAccessible public transportation is crucial to connecting our communities. That\u2019s why we\u2019ve fought to secure funding to support transit improvements across Maryland, including this $5 million investment to upgrade the North Bethesda Station,\u201d said Sen.Van Hollen.\u201d With this funding \u2013 and previous funding we\u2019ve delivered to support the new life sciences center \u2013 we\u2019re both improving our infrastructure and boosting economic opportunity in our communities.\u201d<\/p>\n\n\n\n<p>\u201cThe North Bethesda Metro station is an ideal location to develop a life sciences hub. Some of Maryland\u2019s major institutions in the area are leading in technology, research and healthcare making this an incredible opportunity for the region,\u201d said Sen. Cardin. \u201cTeam Maryland continues to work with our state and local partners along with the Biden-Harris administration to provide federal infrastructure investments that help these critical community-driven projects move forward.\u201d<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/072924-Image-with-MoCo-article-1.jpeg\"><img decoding=\"async\" width=\"728\" height=\"655\" data-src=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/072924-Image-with-MoCo-article-1.jpeg\" alt=\"\" class=\"wp-image-17335 lazyload\" data-srcset=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/072924-Image-with-MoCo-article-1.jpeg 728w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/072924-Image-with-MoCo-article-1-300x270.jpeg 300w\" data-sizes=\"(max-width: 728px) 100vw, 728px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 728px; --smush-placeholder-aspect-ratio: 728\/655;\" \/><\/a><figcaption class=\"wp-element-caption\"><sub>Rendering of planned life sciences center at the North Bethesda Metro Station. Photo courtesy of Washington Metropolitan Area Transit Authority.<\/sub><\/figcaption><\/figure>\n<\/div>\n\n\n<p>\u201cMontgomery County is a blossoming hub for science research in America, from medical innovation to biotechnology,\u201d said <strong><a href=\"https:\/\/raskin.house.gov\/\">Rep. Jamie Raskin<\/a><\/strong>. \u201cWith a powerful new partnership from WMATA and $3 million in new federal funding I helped secure, the White Flint Institute for Computational Life Science will be able to strengthen its workforce, accelerate research and boost public transit ridership in our community. I\u2019m grateful to WMATA General Manager and CEO Randy Clarke and the local, state, and federal partners who joined forces to make this exciting project a reality.\u201d The state of Maryland is providing assistance as well.<\/p>\n\n\n\n<p>\u201cMDOT stands united with Team Maryland in support of transit-oriented development because we know the many proven benefits it brings to our communities,\u201d said Maryland Transportation Secretary Paul J. Wiedefeld. \u201cCreating dense, walkable, mixed-use development near transit stations will further connect Marylanders to jobs, housing, and other life opportunities. MDOT is proud to be part of Maryland\u2019s commitment to support the ongoing planning of the North Bethesda Joint Development Project.\u201d<\/p>\n\n\n\n<p>Montgomery County has long worked toward increasing the life sciences sector in its economic development efforts. Life sciences include medical and bioresearch, health data research, healthcare, and manufacturing.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/Untitled-3_1.png\"><img decoding=\"async\" width=\"1000\" height=\"600\" data-src=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/Untitled-3_1.png\" alt=\"\" class=\"wp-image-17336 lazyload\" data-srcset=\"https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/Untitled-3_1.png 1000w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/Untitled-3_1-300x180.png 300w, https:\/\/mpower.maryland.edu\/wp-content\/uploads\/2024\/07\/Untitled-3_1-768x461.png 768w\" data-sizes=\"(max-width: 1000px) 100vw, 1000px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/600;\" \/><\/a><figcaption class=\"wp-element-caption\">A map of the nearly 14-acre property at North Bethesda.<\/figcaption><\/figure>\n<\/div>\n\n\n<p>\u201cOur ability to meet our full economic potential and climate and equity goals in Montgomery County hinges on our ability to activate strategically located land at Metro sites,\u201d said Council President Andrew Friedson. \u201cThe financial commitments and true collaboration among state, federal, and county partners with WMATA at the North Bethesda Metro is a major step towards realizing the type of thriving job for jobs, innovation, and quality of life for our families.\u201d<\/p>\n\n\n\n<p>The county has already secured $36.6 million in local, state, and federal funding for infrastructure supporting the project, including streets and utilities, public open spaces, and transit improvements. The county is also willing to work with the selected developer, to address any other infrastructure needs.<\/p>\n\n\n\n<p>County officials are also seeking a $25 million USDOT Raise grant to help integrate a new north entrance to the Metrorail station into a building on site.<\/p>\n\n\n\n<p>Metro is an economic engine for the region. While Metro has just 3% of the land in the Capital Region, that land is incredibly efficient: it is home to 40% of the jobs in the region and generates $3.2 billion in tax revenue. For information on the Request for Qualifications visit the&nbsp;<a href=\"https:\/\/www.wmata.com\/business\/real-estate\/north-bethesda-joint-development-solicitation.cfm\">joint development website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Future plans revealed for redevelopment <\/p>\n","protected":false},"author":160,"featured_media":17340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[196,11,20],"tags":[],"class_list":["post-17331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-in-the-press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MPower Strategic Initiative to Anchor Major Life Sciences, Mixed-Use Project - 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