A joint venture of CP Capital, a U.S. real estate manager specializing in multifamily investments, and The NRP Group, a real estate development, construction and property management firm, have plans to develop White Oak, a 390-unit wrap-style and townhome multifamily development project in Silver Spring, Md.
The multifamily community is situated in Eastern Montgomery County, part of the White Oak Science Gateway area. White Oak is a centrally located suburban neighborhood that is well connected to the broader Maryland and Washington, D.C., metropolitan area, with direct access to Montgomery County’s new FLASH Bus Rapid Transit System, MD Route 29, I-95 and the MD-200 Intercounty Connector. The site is also a short commute to downtown Silver Spring, with connection points to Metro’s Red Line and the to-be-built Purple Line.
The project is expected to break ground in the first quarter 2023. First units are expected in the third quarter of 2024, with construction expe
