A project we first talked about in February has gone live with a big groundbreaking on the new construction portion of the project.
Real estate investors Elion Partners and developers Buchanan Partners have broken ground on a 254 unit luxury multi-family building on a site right next to Glenmont METRO. The project is called Atelier and is the first new multifamily construction in Glenmont in decades. The deal is being financed by AGM Financial Services with a $57 million loan.
This will be a major transit-oriented development for Glenmont METRO and will offer residents access to bike trails, shopping, parks and employment all over the area. The Atelier residential project will add a variety of housing options and an amenity-rich lifestyle.
Atelier will feature an outdoor swimming pool, fitness center with yoga room, movie/media room, and a rooftop deck with a fire pit and outdoor flat-screen TV. An exclusive clubroom will provide billiards, shuffleboard, a poker table, double-sided fireplace, and catering kitchen. The building will have two tranquil courtyards with grilling stations, lawn games, and an outdoor movie screen.
Residents’ four-legged companions will delight in Atelier’s pet spa and dog park. For more serious pursuits, there will be a business center and private conference room. A private above-ground garage will provide parking for 330 cars, as well as bicycle lockers and a bike repair station. The Glenmont Metro station on Metrorail’s Red Line is just a three-minute walk from Atelier.
Besides the amenities, developers of the Atelier have chosen to qualify for National Green Building Standard and will be generating most of the building’s common area power from a rooftop solar panel array.
Apartments will range from studios to two-bedroom units with dens. Stainless steel appliances, granite countertops, and built-in wine racks will distinguish Atelier’s kitchens, with options for kitchen islands and wrap-around countertops. Glass-enclosed showers and double sink vanities are among the attractions of Atelier’s contemporary bathrooms.