A trio of private and public developers is moving forward plans to build nearly 1 million square feet of mixed-income apartment buildings in Wheaton.
A joint venture of PS Ventures LLC, The Duffie Cos. and Willco — in conjunction with the Housing Opportunities Commission, Montgomery County’s affordable housing agency — has filed preliminary and site plan applications for three buildings at University Boulevard and Veirs Mill Road. They would total 800 to 900 units and represent an investment in the “hundreds of millions” of dollars, Shane Pollin, PS Ventures’ founder and principal, told me in an interview.
An earlier sketch plan put the total development at up to about 910,000 square feet, including up to 65,000 square feet of nonresidential uses and 30% affordable units, which Pollin said would be priced for a broad range of income levels. Final numbers could fluctuate as details are honed through the entitlement process, Pollin said.
