Bethesda, MD – Washington’s leading urban residential developer and home builder, EYA, has acquired an infill redevelopment site in Bethesda from longtime businessman and attorney, Peter B. Hoyt.
The property, located at the intersection of Little Falls Parkway and River Road, abuts Montgomery County parkland and the Capital Crescent trail, while offering easy access to the Kenwood Station Whole Foods, Friendship Heights, Mazza Gallerie and downtown Bethesda. Formerly, the Hoyt property was home to Betco Block Plant, a manufacturing and distribution facility for brick and concrete building materials.
“Over the years, I dedicated my career to the building products industry. I’m eager to see this site transformed from a manufacturing purpose into a neighborhood of homes which will use some of the very products we’ve made”, said Mr. Hoyt. “There is no better partner than EYA for this financial and building venture.”
The 1.8-acre site will soon be comprised of 25 luxury townhomes and 5 moderately-priced dwelling units (MPDUs). The new neighborhood, Little Falls Place, has been designed in a modern, urban vernacular with walls of glass to capture the scenic views of the parkland and Capital Crescent Trail. Materials such as stone and stained wood combine with clean lines of glass and metal. Further, expansive outdoor spaces include rear yards, balconies and rooftop terraces complete with outdoor kitchens and fireplaces.
“What we’ve envisioned for Little Falls Place is a rare blend of vibrant city living in a peaceful, relaxing setting. There aren’t many places in Washington where you can achieve this level of access to world class shopping and dining, yet enjoy acres of nature preserves and onsite trail access,” said Bob Youngentob, EYA President and Co-Founder.
Consistent with EYA’s other neighborhoods, Little Falls Place will be built to the U.S. Green Building Council’s environmentally-friendly building standards, LEED for Homes. New home sales will begin in February 2013 from an offsite sales center, priced from $1.4 million.
EYA is a smart growth developer, specializing in walkable new home communities and mixed-use developments. Since its founding in 1992, the company has built over 30 neighborhoods in the Washington Metropolitan area. EYA is currently selling four new home communities: Chancellor’s Row in Washington, DC; Old Town Commons and The Oronoco in Old Town Alexandria, Virginia; and Mosaic District Townhomes in Fairfax, Virginia. For more information on the company or its neighborhoods, visit http://www.eya.com/.