Charles Street (Baltimore)

Comstock Acquires Development Site in Rockville, MD

Retrieved on: 
Tuesday, December 26, 2023

Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that it has completed the acquisition of an 18,150 square foot land parcel located at 41 Maryland Avenue in Rockville, Md.

Key Points: 
  • Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that it has completed the acquisition of an 18,150 square foot land parcel located at 41 Maryland Avenue in Rockville, Md.
  • (“Comstock 41”) through a wholly owned subsidiary for $1.5 million.
  • Comstock 41, currently a surface parking lot, has existing entitlements for at least 117 dwelling units and approximately 11,000 square feet of retail space.
  • “This strategic, debt-free acquisition of entitled land adjacent to Comstock assets at Rockville Metro Station provides an opportunity to further grow revenue and earnings,” said Christopher Clemente, Comstock’s Chairman and Chief Executive Officer.

Comstock Acquires the Ansel at Rockville Town Center

Retrieved on: 
Wednesday, March 23, 2022

Comstock acquired the project upon substantial completion and will begin leasing, managing, and rebranding the property as BLVD Ansel.

Key Points: 
  • Comstock acquired the project upon substantial completion and will begin leasing, managing, and rebranding the property as BLVD Ansel.
  • CHCI Residential Management and ParkX Management, wholly owned subsidiaries of Comstock, will provide their best-in-class, customer focused property management services for BLVD Ansel.
  • The continued lifting of pandemic-related restrictions will undoubtedly bring additional vibrancy and foot traffic to Rockville Town Center.
  • We know the project will be in great hands with Comstock as Ansel moves from physical completion to fully operational.

Comstock Acquires The Upton in Rockville, Maryland

Retrieved on: 
Wednesday, October 20, 2021

CHCI will rebrand The Upton, as BLVDForty Four, with newly renovated amenity areas and signage.

Key Points: 
  • CHCI will rebrand The Upton, as BLVDForty Four, with newly renovated amenity areas and signage.
  • Bill Collins commented The Duball team is a valued client of ours and they did a great job developing The Upton which is a perfect fit for Comstock with their focus on high quality, transit-oriented investments.
  • BLVD Forty Four, formerly The Upton, is a luxury 15-story, mixed-use and transit-orientedmultifamily community located at the Rockville Metro Station.
  • Comstock specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.