5500 & 5520 Wisconsin Avenue Update 01/05/21

Neighboring Chevy Chase Sites Acquired for $74M

Carr Cos. and The Donohoe Companies have announced the acquisition of neighboring properties along Wisconsin Avenue in Chevy Chase. The nearly 2-acre site is currently home to 44,688 square feet of retail space & a 226 room Courtyard by Marriott last updated in 2017. Carr Companies plans to redevelop the retail site into a multifamily building while Donohoe Hospitality Services will take over management of the hotel, with plans for “operational and performance improvements.”  “Chevy Chase is one of the best submarkets in the region, and we look to bring a long-awaited facelift to the site with a focus on community-serving offerings,” Matt Buhts, Carr’s CFO, said in a statement.

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