Daiwa House Industry Co., Ltd.

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OSAKA, Japan, March 17, 2022 /PRNewswire/ — Daiwa House Industry Co., Ltd., based in Osaka, Japanis pleased to announce the start of construction of the St. Elmo project from March 7, 2022. It will be a rental housing development with 22 floors above ground and four floors below ground, consisting of a total of 276 units, located in Bethesda, Maryland, The United States of America (hereinafter “the United States”).

Image of the exterior of the St. Elmo project:
https://kyodonewsprwire.jp/prwfile/release/M000427/202203108509/_prw_PI1fl_Q81gTT36.jpg

Daiwa House Industry Co., Ltd. participates in the St. Elmo project through its US subsidiary, Daiwa House Texas Inc. (hereinafter “Daiwa House Texas”).

Daiwa House Texas, in conjunction with Duball, LLC, based in Rockville, Maryland and involved in housing development in the United States, and The Lenkin Company, based in washington d.c. and involved in housing development and property management activities, established St. Elmo Apartments, LLC, a special purpose company that will develop the project.

The rental housing development project, located downtown Bethesda, includes over 5,000 square feet of retail space at street level. The project will have an area of ​​approximately 46,000 square feet and a gross floor area of ​​approximately 326,000 square feet. Completion is scheduled for November 2024.

Characteristics

  1. 22-storey rental housing project with a total of 276 units
  2. A project located at Bethesda, Maryland — a community with remarkable population growth
  3. Great location with amenities for daily living within walking distance

For more information, please visit:
https://kyodonewsprwire.jp/attach/202203108509-O1-1ICPF6lZ.pdf

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