March 19, 2021
Dynamic Mixed-Use Neighborhood at Graham Park Plaza Moves Forward as EYA and Federal Realty Close on Sale of 8.3-Acre Parcel EYA to Build up to 177 Townhomes, 12.5 Percent Affordable; Federal’s Revitalization of Graham Park Plaza Underway BETHESDA, MD (March 19, 2021) – EYA, LLC (EYA) announced today that it closed on the purchase of an 8.3-acre parcel at Graham Park Plaza from Federal Realty. EYA plans to build up to 177 townhomes, 12.5 percent of which will be affordable housing. Federal Realty’s improvements to the existing retail and office space on the balance of the property will benefit from positive connectivity to future residents, creating a dynamic and authentic neighborhood offering a mix of uses.
March 12, 2021
EYA, Bozzuto and the Housing Opportunities Commission of Montgomery County (HOC) announce they have closed on construction financing for the Hurston, located at EYA’s Westside at Shady Grove Metro (Westside), a transit-oriented, mixed-use neighborhood in Rockville adjacent to the Shady Grove Metro Station. The Hurston is a mixed-use and mixed-income apartment building that marks the latest phase of the 45-acre development. Once complete, the 7-story building will feature 21,000 square feet of street-level retail and 7,400 square feet of office space with 268 amenity-rich apartments above – 81 of which are designated as affordable housing units.
February 18, 2021
In this week’s Real Estate section, The Washington Post highlighted increased demand for new construction homes. Post reporter, Carisa Crawford Chappell said, “New construction has become the saving grace for a growing number of buyers drawn into the market by historically low mortgage rates fighting over a dwindling inventory of existing homes. And now that unfulfilled demand for resale homes is spurring a boom in the home-building market.”
January 28, 2021
Dear Friends of EYA, Last year we began a new tradition of kicking off the year with a letter to our broader EYA family entitled “Walk the Talk.” The name is tied to our vision of delivering on our tag line of “Life Within Walking Distance.” The purpose is to reflect on the prior year’s successes and to highlight goals and expectations for the year ahead.
