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SILVER SPRING, MD. — MAC Realty Advisors has arranged a development joint venture for the redevelopment of the First Baptist Church located at 8415 Fenton St. in Silver Spring. Lead developer Grosvenor Americas is partnering with Lakritz Adler Real Estate Investments to replace the existing church with a more efficient building. The joint venture will also build a 259-unit apartment building with 19,000 square feet of street-level retail space and a two-story parking garage. The construction timetable was not released.