Velocity Real Estate

Phone:
240-317-9444
Contact Us

Velocity Real Estate

Phone:
240-317-9444
Contact Us

About Russ Wheeler, Associate


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Russ Wheeler

Associate

(571) 437-1666240-317-9444

 

Mr. Wheeler has been instrumental in the development of large mixed-use residential, office, and retail development projects though out the Washington DC metro.  Mr. Wheeler holds a Master’s in Real Estate Development from University of Maryland College Park and a Bachelor of Science in Finance from Virginia Tech.  He is also a licensed real estate sales person in Maryland, Washington DC and Virginia.

Director of Development

Mr. Wheeler has been instrumental in the development of large mixed-use residential, office, and retail development projects though out the Washington DC metropolitan area.  Over his tenure in the real estate industry he has led development efforts for the successful delivery of ground up new construction, adaptive reuse, as well as historical renovations projects.   As a senior-level real estate professional Mr. Wheeler has direct experience overseeing the development activities of complex real estate development projects and has exhibited a proven track-record of success, by consistently delivering projects on time and under budget.   His abilities include managing projects from: (i) pre-development; (ii) entitlements; (iii) financing; (iv) project pricing and bidding review; (v) construction and development; (vi) to stabilization/delivery.  Mr. Wheeler has experience developing projects in all three local jurisdictions, which include Washington DC; Maryland, and Virginia. One of Mr. Wheeler’s crowing accomplishments includes overseeing the development of two large mixed-use development projects located in Rockville Maryland—the projects combined yielded over 850k SF of residential and retail/commercial space.  Mr. Wheeler serves at the point of contact for Owner’s and oversees all aspects of the development process including, review of consultant contract, building design, contract negotiations, bidding and general construction, change order review and negotiations, and project closeout.

RELEVANT PROJECT EXPERIENCE

  • Parkside- Oversaw the entitlement, design, and construction of a 3.5M SF master planned mixed use development project in Washington DC.  The project included: (i) Class-A Office ; (ii) New Residential; and (iii) over 50k Sf of new retail space
  • The Howard Theatre- The redevelopment and historical renovation of an historical theater Shaw neighborhood of Washington DC.
  • The Galvan-Located at 1800 Rockville Pike Rockville MD.  A 356-unit high-end rental building above 80k SF of commercial retail space with two-levels of below grade parking. Construction included the build out of a 65k SF Safeway Grocery Store.
  • The Terano-Located at 5720 Fishers Lane, Rockville MD.  A 216 unit market rate rental building above 32k SF of retail commercial space.
  • Thirty32 Apartments-Washington DC- Located at 3232 Georgia Avenue Washington DC.  This is a mixed-use new construction development yielding 69 affordable units with one level below grade parking and ground level retail.  Financed with 4% Tax Exempt Bond Financing, Home Funds, and City Government grants.  Total development costs of $34M.
  • Columbia Court- Washington DC:  Affordable housing redevelopment of a city owned vacant building.  Converting a 9 unit vacant apartment building into an 11 unit for sale condominium project targeting households at or below 60% AMI.  Total project costs $2.7M. 
  • 1816 19th Street Condominiums: Managing the development and construction of a condominium conversion located in DuPont Circle.  This development will consist of 5 high-end condo units.  Responsibilities include oversight of the entire project.
  • 142 O Street Condominiums: Managing the re-development and construction of a vacant building into 9 high-end residential units.  Oversaw the in the entire development process from entitlements, construction management, and sales.

CERTIFICATES

  • MD, ​VA, & DC Licensed Real Estate Sales Person
  • DC Licensed Rel Estate Appraiser

EDUCATION

  • Masters of Real Estate Development, May 2011,| University of Maryland College Park
  • Finance & Business, May 2000,|Virginia Tech

 

Contact Me

Velocity Real Estate independently owned & operated

240-317-9444Contact Us
1300 Caraway Court , Upper Marlboro, Maryland, 20774

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240-317-9444

  

At Velocity Real Estate we uphold an ongoing commitment to providing an elevated level of personal service. Our clients come first, and as a result, they are able to achieve more than they ever dreamed with their real estate investment.

Because we expect more from our associates, you can expect more from us when it comes to the important sale or purchase of your property. When it comes to your next move, we want you to experience the difference exceptional real estate service can make.

Contact us today, for free real estate advice, to find your nearest sales associate or to find your dream home!