What P3 developers should know about the advantages of land condos


Prior to 2015, downtown Bethesda, Maryland, was known as much for its ethnic restaurants, fashionable retail and trendy hot spots as it was for its severe shortage of public parking. Perhaps with a twist of irony, building on top of and below parking “Lot 31” solved the problem for the walkable urban village.

Two developers had a vision for this 3-acre stretch of urban concrete: a mixed-use community of 88 luxury condominium units at The Darcy; 162 apartments at The Flats, and 40,000 square…

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