Metro, LCOR Complete 20-Year Transformation at North Bethesda Station

Metro and LCOR today announced that Envoi, a 354-unit residential community at the North Bethesda Station, is now welcoming its first residents, marking the completion of The Quad at Pike District — a 20-year partnership that has transformed Metro-owned land into a vibrant, transit-centered neighborhood.

Developed on 1.6 acres of Metro-owned property through Metro’s Joint Development Program, Envoi is the final piece of a two million-square-foot mixed-use development that includes 1,300 residential units — 164 of which are affordable — alongside retail, green space, and walkable access to transit.

“By ground leasing Metro-owned land to LCOR, we’re helping create more housing options, supporting economic growth, and centering development around safe, frequent, reliable transit,” said Metro Senior Vice President of Real Estate and Development Nia Rubin. “With the completion of the Envoi, the remaining 13.9 acres of Metro property at North Bethesda are planned to be developed through a separate partnership with Montgomery County, focusing on creating a life science anchored, mixed use development, complementing the existing LCOR development.”

“Projects like The Quad demonstrate how sustained investment and strong regional partnerships can create positive impact,” said WMATA Board Chair Valerie Santos. “This development reflects our commitment to fiscal stewardship of Metro, while also supporting the regional goal of expanding housing options, especially in transit-adjacent neighborhoods.”

"Envoi represents the culmination of our long-term vision for The Quad — one rooted in transit access and thoughtfully designed spaces that reflect today's resident needs," said Harmar Thompson, LCOR. "With Envoi now welcoming its first residents, we are proud to see this community fully realized and a neighborhood built around how people actually want to live."

The 12-story building, designed by Design Collective Inc., features modern interiors and a contemporary facade. Residents have access to nearly 13,000 square feet of amenities, including a fitness center, outdoor pool, open-air courtyard with grilling stations and fire pits, a coworking lounge, indoor and outdoor children’s play areas, a dog park, and a rooftop terrace with a penthouse lounge and golf simulator. Envoi offers a mix of market-rate and affordable apartments across one-, two-, and three-bedroom layouts — an uncommon option in the North Bethesda market.

The development was supported by Montgomery County’s More Housing at Metro Act, enacted in 2021 to encourage transit-oriented, affordable housing on Metro-owned land. Through the five phases of the project delivered by LCOR, Metro has generated about $40 million in ground lease payments and fees and is expected to support approximately $350 million in state and local tax revenue over the next 30 years.

About LCOR

LCOR is a fully integrated multifamily development, investment, and operating company focused on key gateway markets along the East Coast. With an 11,000+ unit portfolio, LCOR develops, acquires, and manages best-in-class residential communities. For more information, visit lcor.com.

About Metro  

The Washington Metropolitan Area Transit Authority (WMATA), known as Metro, is the region’s leading public transportation provider, serving a population of approximately four million people across Washington, D.C., Maryland, and Virginia within a 2,054-square-mile jurisdiction. With a network of six rail lines, 98 stations, 126 bus routes, and a door-to-door paratransit service, Metro is the second busiest transit system in the United States serving 268.9 million trips in 2025 with a $5 billion operating and capital budget. Since 2022, Metro has completed multiple transit-oriented development projects that have brought $15 million in tax revenue to the region from housing, office, and retail space in our community.  Safety and security are core values at Metro. Over 30,000 cameras monitor the system, and Metro currently has the lowest crime rate in history with fare evasion down 82% on rail. In 2025, the American Public Transportation Association (APTA) named Metro the Transit Agency of the Year in recognition of industry-leading ridership growth, record high customer satisfaction, a newly redesigned Bus network, expanded rail service, and improved customer experience.