Aventon Companies Announces $100 Million+ Project at Prestigious Crown Master Planned Community
Gaithersburg, MD (December 13, 2019) – Aventon Companies, a national leader in multifamily development, acquisition, construction and asset management, announced the groundbreaking of its newest multifamily community in the Metropolitan Washington, D.C. region today.
The 386-unit property, Aventon Crown, is located in the heart of Montgomery County Maryland’s I-270 life sciences/bio-tech corridor, just outside Washington, DC. The immediate area contains over 20 million square feet of office space and major employers such as the National Cancer Institute, Glaxo Smith Kline, Medimmune, Shady Grove Hospital, NIST, and numerous other life science, bio-tech, software, and federal government agencies.
Aventon Crown is situated in the highly successful and prestigious Crown master planned community, offering a wide range of upscale housing from condo flats to townhomes and single-family homes. The site is a short walk to Downtown Crown which features more than 250,000 square feet of dining, grocery and entertainment/retail destinations. The location will provide residents with quick access to major transportation routes, including I-270 and a free shuttle to the Shady Grove Metro Station.
The 7-story luxury building will include studio, one, two, and three-bedroom apartments with smart home technology, quartz countertops, and market-leading finishes throughout. Residents will enjoy over 15,000 square feet of indoor amenity space including co-working lounges with private offices, fitness and yoga studios, gaming and media lounges, a pod-cast studio, private event space with demonstration kitchen, pet spa, automated package delivery, bike storage and repair shop, covered parking, and retail space. Outdoor spaces include a private resort-style pool, summer kitchen, sunken fire-pit, and co-working courtyard. The building will be certified under the National Green Building Standard for sustainability.
“Aventon Crown represents an incredible opportunity to provide our residents with an in-fill, walkable location in a high-quality master planned community. This part of Montgomery County has a concentration of tremendous employment growth, great schools, transportation access, and a high quality of life,” said Mark Coletta, Senior Managing Director for Aventon Companies. “When completed, we fully expect this building to set the bar in the market for architecture, amenities, and resident satisfaction.”