Washington-based homebuilder Comstock Holding Cos. Inc. will break ground on a residential development adjacent to the Shady Grove Metro Station this spring.
EagleBank is providing construction financing, though development costs weren’t disclosed. Comstock acquired the land in late-December.
The project will include 36 townhomes, each approximately 2,400 square feet with two-car garages and roof decks, and 117 luxury apartments in a four-story building. The townhome development is called The Townes at Shady Grove Metro, while the apartment community is named The BLVD Shady Grove Metro.
Comstock (NASDAQ: CHCI) says sales of the homes will begin in mid-2013 with first deliveries late this year. Apartment leasing will start in 2014.