Private developer B.F. Saul has withdrawn from Wheaton redevelopment plans.
The Washington Examiner reported that Montgomery County officials were not surprised.
The Montgomery County Council voted this spring to re-focus Wheaton redevelopment on an office building shared between county government and Maryland-National Parks and Planning Commission on Parking Lot 13, instead of staying with the original plan for B.F. Saul to develop a platform with offices and a hotel.
"The loss of B.F. Saul is a blow to the revitalization of downtown Wheaton, but it says more about them than it does about Wheaton," wrote Just Up the Pike blogger Dan Reed.
In a letter to the county's Department of General Services and the Montgomery County Council, B.F. Saul's Senior Vice President Robert Wulff explained why the company was pulling out:
This comparatively small site and opportunity does not match Saul's corporate growth strategy so we must reluctantly withdraw our name from consideration to be part of a County partnership to develop Parking Lot 13.
Saul applauds the Council's commitment to redevelop downtown Wheaton and we are confident the County will have no problem attracting a high quality private sector partner to develop Parking Lot 13.
However, Saul remains bullish on Wheaton and believes there is a role for Saul in determining Wheaton's future.
Did you see this coming? Tell us in the comments below.