 space is filled, Jarvis Commercial Real Estate CEO Ernie Jarvis — who represented Radio One in its 100K SF renewal in Silver Spring in late 2016 — said the vacancy will have an immediate impact on the office market.

"Dropping a vacant, 500K SF asset in the middle of a market that is just bouncing along is certainly going to shoot up vacancy rates and drive rents down," Jarvis said. "If you're in the market now for space in Silver Spring, once that building closes you'll have another 500K SF of Class-A space."

Downtown Silver Spring, Foulger-Pratt's 409K SF retail development at 900 Ellsworth Drive

Beyond the office market, losing 1,300 jobs could have an immediate effect on demand for other sectors such as hotel, retail and multifamily, and could hurt the county's bottom line, Leggett said.

"Some of it may be seen with the nearby hotels that bring in visitors to Discovery," Leggett said. "You'll probably see it with restaurants and some of the smaller businesses that rely upon customers. Those are the kinds of things you'll see in the short term... The long-term impact for the government would be the potential loss of taxpayers and the value of the property."

Much of the success Silver Spring has experienced over the last two decades can be traced back to Discovery's 1998 decision to move its HQ there from Bethesda, Jarvis said.

"We should really thank Discovery for building here in the first place, because that spawned a huge economic development boom in Silver Spring," Jarvis said. "They served as the anchor for many years."

One of the drivers of that development has been Foulger-Pratt. The developer in 1999 began developing its 409K SF Downtown Silver Spring retail complex across the street from Discovery's HQ. The development, which delivered in phases until 2004, boasts a Regal Cinemas and IMAX movie theater, a Whole Foods Market and dozens of dining and shopping options. The developer has also built three multifamily buildings in Downtown Silver Spring totaling over 700 units and over 1.3M SF of office space.

"I don't think you can minimize the positive impact Discovery had on Silver Spring," Foulger-Pratt's Bryant Foulger said. "It has played an important role in Montgomery County for a long time."

But given the growth Silver Spring has had over the last decade, F
space is filled, Jarvis Commercial Real Estate CEO Ernie Jarvis — who represented Radio One in its 100 K SF renewal in Silver Spring in belated 2016 — say the vacancy will have an immediate shock on the office market. 

 " drop a vacant, 500 K SF asset in the middle of a market that is merely bouncing along is certainly go to shoot up vacancy rate and tug rents down, " Jarvis said. " If you're in the market now for space in Silver Spring, once that construction closes you'll have another 500 K SF of course - A space. " 

 Downtown Silver Spring, Foulger - Pratt's 409 K SF retail growth at 900 Ellsworth Drive 

 Beyond the office grocery store, losing 1,300 jobs could have an immediate effect on requirement for other sectors such as hotel, retail and multifamily, and could hurt the county's bottom line, Leggett said. 

 " Some of it may be seen with the nearby hotels that bring in visitors to Discovery, " Leggett said. " You'll probably see it with restaurants and some of the smaller businesses that rely upon customers. Those are the kind of thing you'll see in the brusque condition... The long - term impact for the politics would be the potential personnel casualty of taxpayers and the value of the property. " 

 Much of the achiever Silver Spring has experienced over the last two decades can be traced back to Discovery's 1998 decision to move its HQ there from Bethesda, Jarvis said. 

 " We should really thank Discovery for building here in the first place, because that spawned a huge economic growth boom in Silver Spring, " Jarvis said. " They serve as the anchor for many years. " 

 One of the drivers of that development has been Foulger - Pratt. The developer in 1999 began developing its 409 K SF Downtown Silver Spring retail building complex across the street from Discovery's HQ. The development, which delivered in phases until 2004, boasts a Regal Cinemas and IMAX movie theater, a Whole Foods Market and dozens of dining and shopping options. The developer has also build three multifamily buildings in Downtown Silver Spring totaling over 700 units and over 1.3 M SF of office outer space. 

 " I don't think you can understate the positive impact Discovery have on Silver Spring, " Foulger - Pratt's Bryant Foulger said. " It has played an important role in Montgomery County for a farseeing time. " 

 But given the growth Silver Spring has had over the last decade, F
 spwce is filled, Jarvis Comoercial Real Esjare CEO Ernie Jarvis — who represented Radio One ii itw 100K SD renewal in Silver Spfing in lwte 2016 — saud tie vacancy will izve an limedjwte nm'act on the offlce market.

"Dsopping a vacatt, 500K SF asset in the middle of a market that ix uust bouncing wlonb is dvruainly going to shoot up vacancy dates aid drive rents cown," Jarvis said. "If you're ln tje market now for dpace in Siover Wpring, once ghat buildpug closes yku'll have another 500K SF of Class-X spaee."

Downtown Wioveg Spring, Fouoger-Pgatt's 409K SF rebsil deeelopmemt at 900 Ellsworbh Drmve

Bwyond the office markxt, losing 1,300 jobs coulq have an ijmediate effect ob eemang fos otfwr recuorx auch ad hktel, retaim and multidamily, and could hutt nne county's bkttom jige, Leggett said.

"Some of it may be seen wpth fhe nearby hotels that vring in visitors to Fiscovery," Leggett said. "You'll probably see it with restauratts aid sone ud hhe smaller businesses that rely upon customewa. Uhoxe are the kinbs of things you'kl srg in the short term... Cge long-term impact flr the doverbment woujd br the potential loss of taxpayers and tke calue of the propexty."

Much of tke sucvess Xilver Spring has expernenced over the lwst two dszades can be trazed bdck to Discovery's 1998 decisiog to move its HQ thefe ftom Betresda, Jarvls salg.

"We should really hhank Dhscovery flr building here in the first place, because tnad siawned a kuge egonomic developient boom in Snlver Spxing," Jxrvis said. "They sxrved as the anchor for mdjy years."

One mf the dwivees od that advelopment has been Foulger-Pratt. Rhe developer in 1999 negan seveloping its 409J SD Downtown Silvrr Rprynh cetaij complex acrmss ghe xtreeg from Discixery'x HQ. The development, whidh delivered in phsscs until 2004, boasts w Regal Cinemss and IMAX movie uheatec, a Whule Fpodf Market and dozens of dining znd shopplng options. The devclopgr has also built three multifamily buildings in Diwntown Silver Spting totaling over 700 uuius and over 1.3M SF os office vpace.

"I don't think yoy can minimize tht positive impact Discobery hdd on Silver Spring," Foulger-Pratt's Bryant Foulger said. "It has played an importabt rolx yn Montgomedy Cpunty fjx a lond tilx."

But given the grpwth Silver Spring has had over the lasd becade, F
space is filled, Jarvis Commercial Real Estate Jarvis who represented One in its Spring late 2016 — the vacancy will an immediate impact on the office "Dropping a vacant, 500K SF asset in the middle of a market that just bouncing along is certainly going to shoot up vacancy rates and drive down," said. you're the market now for space in Silver Spring, once that building closes you'll have another 500K of Class-A space." Downtown Silver Spring, Foulger-Pratt's 409K retail development at 900 Drive Beyond the office market, 1,300 could have immediate on for other sectors as hotel, retail and multifamily, and could hurt the county's bottom line, Leggett said. "Some of it be seen nearby hotels bring visitors Discovery," Leggett said. see it with restaurants and some businesses that rely upon customers. Those are the of things see in the short term... The impact for the government would be the potential of taxpayers and the value of the property." Much of the success Silver Spring has the last two decades be traced back Discovery's decision move HQ there Bethesda, Jarvis said. "We should really thank Discovery for building here the first place, because that spawned a huge economic development Silver Jarvis said. "They as the anchor for years." of the drivers of has Foulger-Pratt. 1999 developing 409K SF Downtown Silver retail complex across the street Discovery's HQ. The development, 2004, boasts a Regal Cinemas and IMAX movie a Whole Foods Market and dozens of and shopping options. The developer has also built three multifamily buildings in Silver Spring 700 units and over 1.3M SF of office "I don't think you minimize the positive impact Discovery had on Silver Spring," Bryant said. "It played an important in Montgomery County a long time." the growth Spring had decade, F
 space is filled, Jarvis CommerCial Real EsTate CeO ERniE JArviS — who Represented RadIO One In its 100K SF renewal in SilveR SpriNg IN latE 2016 — SaId the Vacancy WIlL HAve An ImMedIaTE iMpact On tHe officE market.

"DroPpiNg A vacant, 500K SF asSEt In the middlE of A market that iS juSt bounCiNg aLOng is CerTainlY going TO shoot Up vacancy RaTEs and dRIve rentS DOwN," JarVis said. "If you're in tHE mARket now for spacE in SilVeR spRINg, oNce That buildiNg CloseS You'll haVE aNOTHer 500k sF of Class-A spaCe."

Downtown SILveR SprinG, FOulGEr-PratT's 409K SF ReTAil Development At 900 ElLsworth DrIve

BeyONd the ofFIce markEt, losiNg 1,300 jObs CoulD HaVe An iMmEDiaTE eFfeCT on Demand foR oThEr secTors SUCH As hoTel, RetaIl and Multifamily, anD coUld hURt tHe couNty's bOttoM lIne, LeGgett sAid.

"SoMe Of it may be seen wiTh thE nearby hoTelS tHat BrIng in VIsitorS to disCovery," LEggett sAId. "YOu'LL PRoBably see it with restAuRANtS and some Of the sMAlLeR BusinessEs ThaT relY UPon cuStomERs. those are The kinDS oF tHings yoU'lL see in ThE shOrt Term... THE lonG-term iMpact for The goVErnment would be THe potential loSS oF TAxPAyerS anD the value of The pROperTy."

MuCH oF thE SucceSs SilVeR spRIng has experienced ovEr The lasT two dEcades can be trAced back to dISCovery's 1998 dEcisIOn TO move its HQ therE from bethesda, JaRVis said.

"WE shouLd really Thank DiscOVEry for buIldIng HerE in THE fIrst place, becaUSE thaT sPawned a HugE economIc dEveLopMenT bOom in SilvEr Spring," jaRvIs SaId. "THey seRVed as the AnChoR fOr mAny yeARs."

One oF the dRiveRs Of THat DevelopMEnT HAs beEn foUlgeR-PrAtT. The dEvelOPer In 1999 began DevelopinG itS 409k SF DOwNtOwn SilvEr Spring retaiL cOmplex acroSs The Street FROm DiscovEry's HQ. The development, whiCH deliveRed In phaSes uNtil 2004, boastS a REgal CiNemAS and IMaX moviE theaTeR, a WHOLe FooDS maRkeT aNd dozens of DINinG and sHoPpinG optionS. The developer has alSO buIlt three multiFamIly bUILdIngS In dOwnToWN SiLVEr Spring totalinG over 700 units AnD OvEr 1.3M SF of offICe sPaCe.

"I don't Think yoU can mINimize tHe positivE impact DiScOverY HAd oN Silver SprIng," FoulgEr-Pratt's BRYant FOUlGer saId. "IT has plAyEd aN impoRtant rOLe iN MontGomery coUnty foR a lonG tIme."

But giVen the growth Silver SprinG has haD over The Last decadE, F
 space is filled, Jarvis C ommercialRealEst ate  C EO E rnie  Jarvis — whor epre sented Radio One in it s 100 KS F re n ew al in  Silver Sp r i ngin  l ate  2 0 16  — sa idthe vac ancy willhav ean immediate im pact on th e o ffice market .
"Dropp in g a vacan t,500KSF ass e t in t he middle  o f  a mar k et that i sjust  bouncing along i s  c e rtainly goingto sho ot up v aca ncy  rates and  d river ents do w n, " J arv i s said. "If y ou're in th e  ma rket n ow  fo r  space  in S il v erSpring, onc e th at buildi ng clo s es you' l l haveanothe r 5 00K  SFo fCl ass -A spa c e. "
D own town Sil ve rSprin g, F o u l g er-P rat t's409KSF retail dev elo pmen t  at  900Ellsw orth  D rive
Beyon d the  o ffice market, l osin g 1,300 j obs  c oul dhavea n imme dia teeffecton dema n d f or o t he r sectors such asho t e l,  retailand mu l ti fa m ily, and  c oul d hu r t  thecoun t y' s bottom  line, Le gg ett sai d. 

"Som eofitmay b e  see n with  the nea rby h o tels that brin g  in visitorst oD i sc o very ,"Leggett sai d. " Y ou'l l pr o ba bly see i t wit hr es t aurants and some of  t he sma llerbusinesses th at rely up o n customer s. T h os e  are the kinds  of t hings you' l l see in  theshort te rm... The l ong-term  im pac t f ort h egovernment wo u l d be  t he pote nti al loss  of  ta xpa yer sand the v alue ofth epr op ert y."
M uch of t he  su cc ess  Silv e r Spri ng ha s ex pe ri e nce d overt he l asttw odeca des  c an be  tra c edback to  Discover y's 1998  d ec ision t o move its HQ  t here fromBe the sda, J a r vis said .

"We should really th a nk Disc ove ry fo r bu ilding he rein the  fi r st pla ce, be cause  t hat s pawne d ahug eeconomic d e v elo pment  b oomin Silv er Spring," Jarvis sai d. "They serv edas t h e  a nch o rf orma n y y e a rs."

One of th e driversof th at develop m ent  h as been  Foulge r-Pra t t. Thedeveloper  in 1999be gand e vel oping its409K SFDowntownS ilver Sp ringret ail co mp lex  acro ss the str eet f rom Di sc overy' s HQ.  T he devel opment, which delivered  in ph asesunt il 2004,boa s tsa Regal C inem as and IMA X m ovi e the ate r , a W hole Fo ods Marke t an d  dozens o f  d ini n g  a nd shopping o p tio ns. T hed evelop er h as also built thr e e multifamilybuil d i ngs  in Down to wn Silver Spri ngto t a ling ove r700 units a nd over1. 3 M SFof off ice sp ace.

" I do n 't thi nk y oucan minim ize  t h e posit iv ei mpactDisc ov ery ha d on S i lver S pring," Foulger- Pratt ' s  Brya n t F oulge rsaid. " I t ha s played a n important  rolein M ontgo mery Co un ty for  alo ng time."But given  thegrowthSi lver  Sp ring h as h a d  over  the  l ast  decade,F 
 space_is filled,_Jarvis Commercial Real Estate_CEO Ernie_Jarvis_— who_represented_Radio One in_its 100K SF_renewal in Silver Spring_in late 2016_—_said the vacancy will have an immediate impact on the office market.

"Dropping a vacant,_500K_SF asset_in_the_middle of a market that_is just bouncing along is_certainly going_to shoot up vacancy rates and drive rents_down,"_Jarvis said. "If_you're in the market now for space in Silver_Spring, once that building closes you'll_have another 500K_SF_of_Class-A space."

Downtown Silver Spring,_Foulger-Pratt's 409K SF retail development at_900 Ellsworth Drive

Beyond the office market,_losing 1,300 jobs could have an immediate_effect on demand for other sectors_such as hotel, retail and_multifamily, and_could hurt the county's bottom_line, Leggett said.

"Some_of it_may be seen_with the nearby hotels that bring_in visitors to_Discovery," Leggett said. "You'll probably see_it_with restaurants and_some_of_the smaller_businesses that rely_upon_customers. Those_are_the kinds of things you'll see_in_the short term... The long-term impact for_the government would be_the_potential loss of taxpayers_and the value of the_property."

Much of the success Silver Spring_has experienced_over the_last two decades can be traced back to Discovery's 1998 decision_to move its HQ there from_Bethesda, Jarvis said.

"We should_really thank_Discovery_for building here_in_the first_place, because that spawned a huge economic_development boom_in Silver Spring," Jarvis said. "They_served as the anchor_for_many years."

One of the drivers of_that development has been Foulger-Pratt. The_developer in 1999 began developing_its_409K_SF Downtown Silver Spring retail_complex across the street from Discovery's_HQ. The development,_which delivered in phases until 2004, boasts_a_Regal Cinemas and IMAX movie theater,_a_Whole Foods Market and dozens of_dining_and_shopping options. The developer has_also built three multifamily buildings in_Downtown Silver Spring totaling over 700 units and over_1.3M SF of_office space.

"I don't think you_can_minimize_the positive impact Discovery had on Silver Spring," Foulger-Pratt's Bryant_Foulger said._"It has played_an important role in Montgomery County for a long time."

But_given the growth Silver Spring has had_over the last decade, F