Federal Realty Investment Trust has submitted preliminary plans to the Montgomery County Planning Board for a large new mixed-use development just north of Pike Rose in Rockville.
The development at 1776 East Jefferson Street (map) calls for a two-phase development with 500 new residential units, 109,000 square feet of retail (103,965 square feet of existing to be retained, and up to 5,000 square feet new) and a half-acre of open space. The site is currently home to a mostly vacant, retail structure and a large surface parking lot.
"The orientation of the development along East Jefferson Street, combined with the implementation of the road diet will begin to transform this suburban-styled area of North Bethesda into a more urbanized, walkable community in furtherance of the County’s goals," the applicant stated in the plans.
The first phase of the new project will contain up to 300 units across a seven-level building on the east side of the park space. This phase will also include a parking structure for both phases. The second phase of the development will contain up to 200 units and provide up to 5,000 square feet for ground floor retail in the northwest corner of the building.
This article originally published at https://dc.urbanturf.com/articles/blog/a-two-phase-500-unit-development-pitched-for-north-of-pike-and-rose/19687.
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