ANNAPOLIS, MD — Governor Wes Moore and Metro today announced the selection of Hines, a global real estate investment manager, to transform a 13.9 acre site in North Bethesda into a transit-accessible hub for housing and economic development in Montgomery County. The multi-phase development project, which has received $32.6 million in state funding, is a key piece of the Moore-Miller Administration’s strategy to support housing development and grow Maryland’s life sciences sector.
“Together, we are transforming North Bethesda into a hub for innovation, opportunity, and growth. Our administration is confident that this redevelopment project will ensure that the Red Line won’t just help commuters get from North Bethesda to where they want to go but it will help bring people from all over the capital region to this community,”
said Gov. Moore. “Today, we celebrate the beautiful future for this community — one where Maryland families can get from where they live to where opportunity lies; where the State of Maryland is a national leader in science, technology, engineering, and math; and a future where our state is the model for creating new jobs, building more housing, and leaving no one behind.”
Governor Moore was joined in North Bethesda by Maryland Department of Transportation Deputy Secretary Samantha Biddle; State Delegate Marc Korman; Montgomery County Executive Marc Elrich; Montgomery County Councilmember Natali Fani-Gonzalez; Metro General Manager Randy Clarke; and University of Maryland Baltimore President Dr. Bruce Jarrell.
“MDOT is a committed partner with Montgomery County and Metro working to advance critical development projects near transit stations because these new communities will help increase ridership and improve the state’s return on our transportation investments,”
said Maryland Department of Transportation Deputy Secretary Samantha Biddle. “The North Bethesda Metro Joint Development will further support our economy by better connecting Marylanders to jobs, housing and other opportunities and is one of many sites that Maryland is working with Metro to develop.”
The development project at the North Bethesda Metro station will be anchored by the University of Maryland’s new Institute for Health Computing—an innovative partnership between the University of Maryland, College Park, University of Maryland Baltimore, and the University of Maryland Medical System. The center will be the hub for cutting-edge research in industries such as A.I. and biotech. The Moore-Miller Administration is committed to investing in growing industries of the future with nearly $130 million toward funding projects centered on cyber, A.I., and quantum computing industries.
“I couldn’t be more excited about what this development is going to mean for Montgomery County, Maryland and Metro,”
said Metro General Manager and Chief Executive Officer Randy Clarke. “North Bethesda will be a model for life-sciences-anchored transit-oriented development around the world, creating new transit users and connecting people to economic opportunities. This development project wouldn’t be possible without the outstanding support of our local and federal partners, to which we are extremely grateful.”
Maryland has committed $32.6 million in state funding to support various aspects of the multi-phase development project, including $24 million for the
University of Maryland Institute for Health Computing, an anchor tenant of the development; $3 million from the governor’s FY 2026 operating budget to support Institute for Health operations; and $5.6 million in state aid for the new Metro station entrance between FY 2024 and FY 2025.
“This project has been a long time coming, and I’m glad to see it moving forward with the selection of Hines as the master developer,”
said Montgomery County Executive Marc Elrich. “This announcement reflects our strong partnership with Metro, Governor Moore’s administration, our Montgomery County State Delegation, and the University of Maryland. We are all working together to realize our vision of North Bethesda as an epicenter of the bio and life science community in our region. The University of Maryland Institute for Health Computing will anchor this development as an attractor of companies, entrepreneurs, and researchers while driving growth and adding high-quality jobs in a sector that’s critical to the future of our County and State economy. North Bethesda has enormous potential, and we’re doing the work to make sure that potential is realized in a way that serves our residents and strengthens the region.”
“The 35-member Montgomery County Delegation to the General Assembly has worked in partnership with the Executive Branch to secure necessary funding for the Institute of Health Computing’s operations, site preparation, and the second Metro entrance to help bring the North Bethesda area and this joint development project forward to the next step,”
said Delegate Marc Korman. “We are excited to participate in the conception of this vibrant mixed-use, transit-oriented campus that will create a platform for the next generation of innovation in the life science space, in addition to developing the new metro station entrance,”
said Hines Senior Managing Director Andrew McGeorge. “We look forward to bringing our extensive placemaking experience to the North Bethesda community and working with Metro, Montgomery County and the State of Maryland on this project.”