A Two-Phase, 500-Unit Development with Urban Park Pitched For North of Pike and Rose
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.
story continues below
loading...story continues above
"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.
See other articles related to: federal plaza west, federal realty, pike and rose
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.
Most Popular... This Week • Last 30 Days • Ever
When Dan and Tanya Snyder couldn't sell their 30,000 square foot home , the former ow... read »
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
For years, UrbanTurf has reported on the hefty profits that DC-area home sellers have... read »
As plans for a street reconfiguration at the intersection of New York and Florida Ave... read »
- Dan Snyder Gave His Potomac Home Away, And Now It's Coming Back On The Market
- How Does Cash-Out Refinancing Work?
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
- As Profits Rise, Capital Gains Tax Hits More DC Home Sellers
- The 1,700 Units In Various Stages Around Dave Thomas Circle
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro