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Marriott's longtime HQ sold to retirement community developer

Michael Neibauer
Marriott's longtime HQ sold to retirement community developer

Marriott International Inc.’s soon-to-be-former North Bethesda global headquarters will be redeveloped into a massive senior community by Erickson Living, the Catonsville, Maryland-based company announced Wednesday. Erickson, which is growing its presence in Greater Washington, acquired the 775,000-square-foot building at 10400 Fernwood Road in December. It declined to release the sale price — a special warranty deed recorded with the state between Erickson and Marbeth Partnership puts the deal at $104.6 million — and the release does not say how many units will be housed in the continuing care retirement community, or whether this will be an adaptive reuse, or an entirely new building.