Olney Professional Building Secures $2.9 Million Loan For Energy Efficiency Renovations

The Olney Professional Building, a a three-story, 20,000 sq ft commercial property located at 17904 Georgia Ave in Olney,  will undergo energy efficiency renovations using tailored financing from the Green Bank and Sandy Spring Bank. The energy efficiency upgrades include HVAC, building envelope, roof, insulation, and windows (including design and contingency). The funding will also include renovations for the elevator, asphalt, landscaping, storm drain, curbs, and a parking lot. These energy conservation measures will result in 29,328 kWh in energy savings and $7,000 in annual savings for the building.

The Green Bank—in partnership with Sandy Spring Bank—provided structured financing with a 12-month draw period followed by P&I payments based on a 10-year fully amortizing loan. Due to the Montgomery County Green Bank’s participation, the Olney Professional Building received a blended interest rate on the loan for $2.9 million.

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Wawa’s first Montgomery County location at 405 S Frederick Ave (355) in Gaithersburg will hold its grand opening on Thursday, March 7.

Firehouse Subs is now open in the Wheaton Mall food court at 11160 Veirs Mill Rd.

Montgomery County Public Schools is looking businesses/individuals to participate in its annual Summer Rise program.

Below is a list of businesses that are coming soon to Gaithersburg’s Rio.

AC Milan Soccer Camp at Maryland Soccerplex

AC Milan Academy is hosting a soccer camp at Maryland Soccerplex from March 1st through March 3rd for girls and boys aged 5 to 16 from any club who want to develop their soccer skills and learn the unique methodology of AC Milan directly from AC Milan coaches.

March 1st (Friday) 6pm-7:30pm

March 2nd (Saturday) 6pm-7:30pm

March 3rd (Sunday) 10:30am -12pm and 3:30pm-5pm

Location:18031 Central Park Cir, Boyds, MD 20841

Price: $349 + AC Milan Junior Camp Kit


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