This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tower Companies Announces Master Plan For The Blairs In Silver Spring

Plan Maximizes Approved Zoning For Residential Community Across From Silver Spring Metro

ROCKVILLE, Md., Feb. 14, 2013 /PRNewswire-USNewswire/ --  The Tower Companies announced today that The Blairs, a residential complex built in the 1950s and 1960s as a suburban neighborhood, bordering East-West Highway and Colesville Road in Silver Spring, MD, and Eastern Avenue in Washington, DC, will be transformed into a vibrant, mixed-use, transit-oriented integrated and smart-growth community through a new urban concept.


The family-owned real estate development company, founded in 1947 by Albert Abramson, presented their vision as an evolution, which will see the transformation of existing surface parking lots into new residences including townhouses and apartment towers as well as approximately 4.11 acres of open urban parks, such as Blair Park, Terrace Park and Postmaster Park, laced throughout the community.  The Blairs Master Plan will also include additional dog parks as well as fitness parks, new restaurants, and retail shops anchored by a grocery store, a hotel, office building, and numerous other amenities. 

"The new Blairs community will enhance the smart-growth living experience with pedestrian and bike-friendly shared travel lanes, public parks and gathering places, connecting with the surrounding neighborhoods, all within a five-minute walk to the Silver Spring Metro station," stated Jeffrey S. Abramson, principal of The Tower Companies.

Montgomery County approved the current zoning on February 1, 2000, which allows for the proposed additional density that the Master Plan reflects, an additional 1,400 residential units for a maximum of 2,800 units within the community and 450,000 square feet of commercial and office space.  As always, Tower will develop these new spaces in an environmental friendly manner, offering a sustainable lifestyle for Montgomery County's growing population. 

The Blairs community is located on 27 acres across from the Silver Spring Transit Station, which includes the Metro Red Line, the future Purple Line, the MARC commuter rail, and numerous Metro Bus lines. The live work play campus is a mixture of 1,400 existing apartments, a Giant anchored retail center, and The Blairs Office Building, all managed by The Tower Companies. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,410.10 -268.60 -1.52%
S&P 500 2,030.17 -26.92 -1.31%
NASDAQ 4,690.7670 -80.9960 -1.70%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs