By Dan Brendel – Staff Reporter, Washington Business Journal -Jul 29, 2024 – Montgomery County and Metro have announced a formal partnership and preliminary developer solicitation to pave the way for up to 3.7 million square feet of life science-focused mixed-used development in North Bethesda, the economic development apple of Montgomery County’s eye.
The county and transit authority signed a memorandum of understanding and announced a request for qualifications on Monday, beginning the hunt for a development partner to build a University of Maryland-anchored project, integrated with a new North Bethesda Metro station entrance, on 14 noncontiguous acres of vacant Metro-owned land at the southeast corner of Rockville Pike and Old Georgetown Road.
No plans have yet been submitted for development on Metro’s land. That’ll be up to whatever developer is hired through the selection process. But the vision is for an integrated community anchored by a new, permanent home for the University of Maryland Institute for Health Computing — a higher-education campus, announced in 2022 and opened nearby in subleased space in 2023, that applies artificial intelligence and other cutting edge computational technologies to medicine, pharma and health care.
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