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
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 …