1784 Capital Holdings Self-Storage Project Could Replace Kensington, M

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Real estate developer 1784 Capital Holdings LLC has proposed a new self-storage project for Kensington, Md., at the site of a farmers market. Plans for the 1-acre property at 10619 Connecticut Ave. include a five-story building, with one level underground. It’ll comprise 140,648 square feet of space, including 5,000 square feet on the first floor for offices, retail or artist studios. If approved, the project is expected to be complete in late 2020.

1784 recently submitted concept plans to the county’s planning department, which suggested the project should include “satellite” office space to give it more of a mixed-use feel, said county planner Patrick Butler. An official application has yet to be filed, he added.

Hawkins’ Produce, which has operated in the area for nearly 40 years, relocated to the property last year after its previous location was sold for redevelopment. The market was founded in 1979 by Ann Hawkins. It’s currently operated by her son, Joe Hawkins.

1784 also has a facility under development on River Road in Bethesda, Md. Expected to be complete in a year, the eight-story building will include three stories below ground. It’ll comprise 143,529 square feet of rentable space in 1,254 units.

Founded in 2013, 1784 Capital acquires, develops, constructs and owns self-storage facilities. Its subsidiary, 1784 Solar LLC, provides short-term construction financing for solar projects in Canada and the United States.

Sources:
1784 Capital Holdings LLC, Website
Bethesda Magazine, Hawkins’ Produce New Kensington Location Is Temporary, Owner Says

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