Developer plans to transform Bethesda office building into housing

A Bethesda office site that recently traded hands now appears to be headed toward a transformation into a residential and retail complex, in line with Montgomery County’s vision for the neighborhood. The property, located on about 1.4 acres at 4405 East West Highway, is currently home to a 65,000-square-foot office building and a surface parking lot in Bethesda’s central business district, just a few blocks from the Red Line’s Bethesda Metro station. Perseus TDC, which recently acquired the property from Klinedinst Management for an undisclosed price, plans to replace the office space with some 320 multifamily units over 8,000 square feet of ground-floor retail, beginning in 2024.