The Carr Properties development, The Wilson and The Elm, with 456 residential apartments and up to 360,800 square feet of office space and 14,572 square feet of retail space in downtown Bethesda got approval to include up to 80 short term rental units from the planning board.
The 80 furnished apartments will be designated as “hotel units” and can be rented for 30 days or less.
The development is located near the National Institutes of Health and Walter Reed Medical Center which would drive rental demand.
According to the Montgomery County Planning Board: “These units are typically rented by residents who are being relocated, may have long-term consulting engagements with their employer, are present in the area for temporary medical or educational purposes, are renovating their own home, are in the process of separation or divorce, or otherwise want to move to or remain in Montgomery County but do not want a long term lease.”
photo credit: carr properties,the wilson and the elm