The Oakwood Gaithersburg apartment high rise, located in Washingtonian Center, was purchased by Bernstein Management Corp, The Washington Business Journal reported.
- THE NEIGHBORHOOD FILES
- Greg Cohen
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Tuesday, February 26
The Oakwood Gaithersburg apartment high rise, located at 9890 Washingtonian Boulevard, has been sold to Washington, DC-based Bernstein Management Corp. for $31.3 million, The Washington Business Journal reports. The 136-unit, 11-story luxury high rise was built in 1989 and features 1- and 2-bedroom apartments, according to the report. The sale averages $230,147 per unit, according to the report. The complex was previously owned by Archstone. Read more on The Washington Business Journal.
One- and two-bedroom units are available, with a move-in date in mid-April.
Looking for a place to live in Olde Towne? Archstone-Gaithersburg Station, the much-anticipated new mixed-use development along E. Diamond Avenue, is now leasing one-and two-bedroom apartments. The company's website list's first-available move-in dates of April 16. "As the newest apartment community to be built in over 10 years, we’ve pulled out all the stops," the website says. "Archstone Gaithersburg Station brings a surprising combination of amenities to the quaint and charming backdrop of Olde Towne Gaithersburg: recording studios, media screening room and a Click! Internet Café. Lushly landscaped courtyards will be filled with blooming Peonies, soothing water gardens, the warm glow of fire pits and a lagoon-style pool." Sound …
Nathan
3:06 pm on Tuesday, February 26, 2013
I live at the Archstone Apt. complex in Olde Towne Gburg that was just opened last year and is still in the process of being completed. The company just sold that complex to their competitor. The sale will be finalized this week. Looks like Archstone is liquidating all of there assets. more ›