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.
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.
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.”
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.
EYA's newest DC community, The Townhomes at Michigan Park, is open for sales! With over 10% of the homes already sold since opening in November, this beautiful new neighborhood offers the perfect place to call home just moments from local retailers, recreation, national landmarks, Metro and more.
A lot has changed in 2020, including how people shop for and purchase homes. Today's technology offers home shoppers the ability to take virtual tours of model homes, chat directly with sales managers via video calls and complete the purchasing process online. All done from the comfort of your home. Read on to learn more about our online tools and virtual appointments that make shopping for a home safe, easy and convenient. Whether you’re more comfortable with video chats, phone calls, texts, or emails, we’re just a call, tap, or click away.