The Daley (Westside Shady Grove)
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The Daley (Westside Shady Grove)

Rockville, MD

Residential - Apartments

Development Oversight

Role

RPL provided development oversight services on behalf of an institutional equity partner.

Unique Approach

  • Within walking distance of Shady Grove Metro station
  • High quality amenities on site and within the Shady Grove Westside community

Outcomes

  • Leased up quickly
  • Refinanced at solid valuations

Scope of Work

Development of a 333-unit, Class A 5-story apartment complex with ground-level retail and adjacent structured parking garage.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Rockville, MD
  • Size: 333 units, 5 floors, 287,000 SF
  • Timeline: 2015 to 2017
  • Services: Development Oversight
  • Cost: $51 million
  • Architect: KTGY Group
  • Contractor: Bozzuto Construction Company