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Washington DC & Mid-Atlantic  + DC Metro  + Apartments  | 
Federal Realty won approval from Montgomery County for a new mixed-used development at its Federal Plaza strip shopping center in Rockville, MD

Federal Realty Gets Green Light for Apartments at Rockville Strip Center

Federal Realty Investment Trust has won approval from the Montgomery County Planning Board for a new mixed-used development on part of its Federal Plaza strip shopping center in Rockville, MD, the Washington Business Journal reported. The approval advances Montgomery County’s vision for substantial urbanization along the corridor between North Bethesda and Rockville.

Federal Plaza comprises two parcels, East and West, roughly half a mile north of Federal Realty’s Pike & Rose development. The REIT now has the green to build two new multifamily buildings — up to 500 units in about 474,000 square feet — on Federal Plaza West’s surface parking lot, reported the Business Journal.

Retaining much of the existing retail, plus the addition of some new ground-floor retail in one of the residential buildings, would bring the site’s commercial footprint to about 109,000 square feet. The new infill would bring total development on Federal Plaza West to 583,000 square feet, compared to 135,000 square feet currently.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Policy/Gov't
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