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CONDO MAXIMUM - Luxury Living in 12 of the Region's Hottest New Condominium Properties By Jeff Marcus It's happening in Arlington and McLean, Virginia. In Maryland, it's happening in Bethesda and Potomac. It's even happening in Baltimore and Annapolis. And of course, it's happening in DC. In communities all throughout the region, significant numbers of well-heeled baby boomers are trading their primary homes in suburban neighborhoods for luxurious condominium homes in more urban settings. “There comes a time in their lives when living in the suburbs just doesn't make sense anymore,” says Marc Dubick, president of Duball, LLC, the developer of Lionsgate in the heart of downtown Bethesda. “The suburbs are great for families with kids going to soccer practice and climbing trees in the backyard, but once those children move out of the house, you're left with too many bedrooms, too much space to keep up, too much yard and too much maintenance. It's just not what our buyers want anymore.” What these empty nesters do want is a more vibrant lifestyle than the suburbs offer, and an easierto- maintain home located conveniently near restaurants, cultural attractions and nightlife. They're willing to give up the larger suburban home to get it. What they're not willing to give up, says Dubick and others, is a certain level of refinement in their living spaces, right down to the high quality fixtures and finishes. Homes at Lionsgate, for example, will feature Viking stainless steel kitchen appliances, natural stone flooring in all foyers and baths, granite countertops in all baths and kitchens and hardwood floors in kitchens and living areas. Amenities include a private fitness center, 24-hour staffed front desk and valet parking. Recent research shows that condos in all price ranges are gaining in popularity throughout the metro DC area. Delta Associates, an Alexandria-based real estate information firm, reports that as of the fourth quarter of 2005, more than 50,000 new condo units were in the pipeline for sales and/or delivery within the next three years, an increase of more than 4,000 units compared to just three months earlier. And at the highest price levels, the trend sees no sign of abating. Luxury condos are appearing wherever urban environments are being cultivated, from Reston, to Tysons, to DC to Rockville. Lionsgate at Woodmont Corner High $600s to over $2 million 7710 Woodmont Avenue, Bethesda, Maryland Developer: Duball Woodmont, LLC Sales by The Mayhood Company; (301) 986-0066 - www.lionsgatebethesda.com Located on the corner of Woodmont Avenue and Old Georgetown Road near the Bethesda Metro station, Lionsgate will be a new 12-story luxury condominium building with 158 two-bedroom residences, some with a den. Residences feature kitchens with Viking stainless steel appliances, Wood-Mode cabinetry, granite countertops and hardwood floors. Building amenities include doorman and valet parking, luxurious lobby with 24-hour front desk, and a fitness center featuring individual cardio-theater equipment. Bethesda's restaurants, shopping, and nightlife surround the Lionsgate building, which will have nearly 14,000 square feet of retail space on the street level.

 

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AT THE CORNER OF WOODMONT AVENUE AND OLD GEORGETOWN ROAD
Bethesda, Maryland • 301-986-0066 • Marketing by the Mayhood Company

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