Office to Residential Conversion Sets Up Silver Spring Condo Project
Date: Thursday, August 6, 2015
Written By: Joe Gose
Publication: The New York Times
It’s not often that new condos just two blocks from a Metro station start in the low $200,000s.
To make that happen with its Octave 1320 project in Silver Spring, Rockville-based developer ProMark Real Estate Services took some unique steps.
First, the company chose to convert a Class C office building built in 1964 to residential, instead of the more costly option of demolition and new construction.
Then ProMark had its architect design smaller units with features such as nine-foot-high ceilings and sliding bedroom doors that make the condos look and feel larger. A one-bedroom in the building averages 500 square feet and a two-bedroom averages 800 square feet.
