ZOM Living, in a Venture with Mitsui Fudosan America, Break Ground on a Luxury Midrise in the Thriving Urban District of Bethesda
Maizon Bethesda - 229 unit rental community located in the affluent, amenity rich neighborhood of Bethesda, directly adjacent to Washington, D.C. Only two-blocks from the Bethesda Metro Station.
BETHESDA, Md., Feb. 28, 2019 /PRNewswire-PRWeb/ -- ZOM Living and Mitsui Fudosan America will break ground in March on Maizon Bethesda, an urban transit-oriented development, located only two-blocks from the Bethesda Metro Station. The site boasts an impressive 99 Walk Score with pedestrian access to a variety of dining, entertainment and retail venues, as well as 14 million square feet of Class A office space. Bethesda's job base has been bolstered by recent notable corporate relocations, including hospitality giant Marriott International, Host Hotels, Booz Allen Hamilton, JBG Smith, Fox 5 News and Orano USA.
"We are excited to partner with Mitsui Fudosan America on our first joint venture together," said Andrew Cretal, Senior Vice President of ZOM Mid-Atlantic. "Both teams are committed to bring a new level of quality, unit features and amenities to Maizon Bethesda that will truly embody luxury urban living in the most walkable location of Bethesda."
"We are thrilled to join forces with ZOM Living, as we expand our presence in the Washington metropolitan area," said Julius Goldman, Director of Acquisitions, Mitsui Fudosan America. "Bethesda is a vibrant city with an expanding workforce and we look forward to creating a state-of-the-art development, which will have a variety of benefits for the community."
Maizon Bethesda will feature a mix of Studio, 1BR, 2BR, 3BR and Terrace floorplans. Units will offer the sophisticated chef inspired kitchens featuring movable islands, quartz countertops, Italian style cabinetry, floor to ceiling windows with roller shades, wide plank flooring, private balconies or terraces in many units, and a keyless entry system. Terrace floorplans will feature European appliances and an upgraded finish package. Unit sizes will range from 500 to 1,800 SF.
Residents of Maizon Bethesda will also enjoy a full suite of amenities concentrated primarily on the ground floor, and at the roof level. The building lobby will feature concierge service, café and e-lounge, club quality exercise facility with spin and yoga room for private training sessions. The building's mail room will also contain a self-service package room, giving residents the option to pick up packages at any hour of the day.
Maizon Bethesda's rooftop deck will contain an infinity-edged pool surrounded by a landscaped terrace with seating and grilling stations. The roof level will also house a conservatory lounge where residents can relax and entertain guests. Concierge services offered to residents will include package delivery, dog walking and grocery purchase and delivery.
SK+I is providing design and architectural services, and Balfour Beatty has been selected as general contractor.
About ZOM Living
ZOM Living is one of the most highly regarded luxury multifamily developers in the United States, and has joint ventured or directly developed nearly 21,000 apartment units nationwide, with an aggregate value of over $4 Billion. Throughout its 40-year history, ZOM has garnered more than 170 industry awards for project design and development expertise, including the prestigious National Multifamily Development Firm of the Year award. Most recently, ZOM Living was ranked in the top 10 of national Multifamily Development Firms for 2018 by Multi-Housing News.
ZOM has 6,000 units currently under construction or in design/predevelopment throughout the U.S., with a total capitalization of $1.9 Billion. For more information on ZOM's multifamily portfolio, visit http://www.zomliving.com.
About Mitsui Fudosan America
Mitsui Fudosan America, Inc. (MFA) is the US subsidiary of Japan's largest real estate company, Mitsui Fudosan Co., Ltd., a company with approximately $50 billion of assets. MFA is headquartered in New York, and is responsible for Mitsui Fudosan's real estate investment and development activities in North America. MFA's US portfolio currently includes seven office buildings totaling 5.6 million square feet; 3.0 million square feet of office space under development; 1,200 residential apartments; 3,100 additional apartments under development; 360 condominiums and townhomes under development; and 753 hotel rooms. MFA has been active in the United States since the 1970s, and currently owns assets in the New York, Washington D.C., Boston, Denver, Los Angeles, San Francisco, Seattle and Honolulu metropolitan areas. For more information, visit http://www.mfamerica.com
SOURCE ZOM Living
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