Metro, Fivesquares Development, and NexCore Group break ground on a new senior living community in Montgomery County
A new senior living community is coming to Grosvenor-Strathmore. Metro, in partnership with Fivesquares Development and Experience Senior Living—a wholly owned subsidiary of NexCore Group—celebrated the ceremonial groundbreaking of The Reserve Strathmore Square on Dec. 10, to mark the start of construction for the new development.
When complete, the 20-story community will feature 220 residences, ground-floor retail, and a prominent location fronting a new civic green. The project will be developed by NexCore Group and Experience Senior Living will operate the community.
“Today’s groundbreaking underscores how transit-oriented development can strengthen communities and improve quality of life,” said Randy Clarke, General Manager and CEO of Metro. “This new senior living community will give older adults better access to the mobility, services, and independence they deserve—right next to reliable transit. We’re grateful for the Montgomery County Council’s unwavering support and leadership, which has been essential in bringing this project to life.”
“This project reflects our commitment to building communities where residents of every age can thrive,” said Montgomery County Council Member Kate Stewart. “By pairing new senior housing with easy access to transit and the arts, we are creating opportunity, connection, and stability for older adults in our county. The Council’s support for transit-oriented development is unwavering, and today’s groundbreaking shows what’s possible when we plan with people, not just buildings, in mind.”
“This is truly one of the best locations for senior living in the region – and arguably the nation,” said Bill Maggard, Senior Vice President of Real Estate Development at NexCore Group. “Being part of the Strathmore Square master-planned community, with unmatched access to culture, transit, and open space, positions us to meet how today’s older adults want to live – connected, active, and engaged. Those fundamentals support a high-quality resident experience and create durable value for our partners and investors.”
The Reserve Strathmore Square represents the second phase of the award-winning Strathmore Square; the six-phase master planned, transit-oriented community envisioned and developed by Fivesquares Development. The first phase, a two-building development consisting of 220 apartment units was completed in Fall 2024. As designed, the entire master planned community – known as Strathmore Square - will bring 2,120 residential units and 131,000 square feet of retail space to the area.
“We couldn’t be more excited to welcome Experience Senior Living, whose commitment to wellness and cultural engagement for its residents aligns precisely with our vision. Integrating the arts, nature, transit, and design excellence, a national model for innovative living is now clearly taking shape at Strathmore Square,” said Ron Kaplan, Principal and Co-founder of Fivesquares Development.
Metro and its partners have completed 59 joint developments at 32 stations. These joint developments generate $220 million in annual tax revenue to the region. There remains future development potential that could add an additional $300 million in annual tax revenue to the region.
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, 125 bus routes, and a door-to-door paratransit service, Metro is the second busiest transit system in the United States 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 is currently at an 8-year crime low with fare evasion down 82%. 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.