The Rae is a new 343-unit, five-story apartment building being constructed on Motor City Drive across from the Home Depot and Montgomery Mall in Bethesda, Maryland. This is the site of the former Ourisman Ford car dealership.
Here is a context shot that I took from the bridge over the I-270 spur. On the right is The Rae construction, in the distance behind it is the Home Depot. The road you see is Westlake Terrace which is what Fernwood Road becomes. On the left, outside of the picture, is Montgomery Mall.