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Real Estate Information
Real Estate Overview

Rockville continues to ride the wave of redevelopment and economic growth. Every year, more businesses are calling Rockville home and new development projects such as Tower Oaks and Twinbrook Station are building fine, quality homes for Rockville's growing population.

The city's five major development projects and planning sites  continue to add to Rockville's rich culture, economic vitality, and community diversity. While these projects and planning areas vary in location, scope, and design, what ties them together is their unique, mixed-use approach. Residential, retail, entertainment, and office space all play vital parts in the development of these projects.

Completed Projects

Projects Underway

King Farm Irvington Centre

800 Pleasant Drive, Suite 100, Rockville, Maryland
Developer: King Farm Associates, LLC

King Farm is a national model for urban planning, providing space for living, working, shopping, and recreation. The mixed-use community's 430 acres are rich in tradition and history, keeping in harmony with the historic architectural characteristics of the City of Rockville.

Irvington Centre is the 90-acre commercial centerpiece of King Farm, featuring several million square feet of office space. White-tablecloth restaurants and other business-support services occupy the first floors of the three completed commercial buildings at Irvington Centre. Companies located in Irvington Centre experience an urban atmosphere in a suburban setting, with easy access to I-270 and to the Shady Grove Metro subway station.

The Village Center is a 120,000-square-foot retail center located in the heart of King Farm. The shopping center is within walking distance of King Farm's residential and commercial developments.

King Farm's two residential villages, Watkins Pond and Baileys Common, feature single-family homes, townhomes, condominiums, and luxury apartments in an award-winning neotraditional design. The residential communities are intertwined with natural areas including a 12-acre park at the center of Watkins Pond. Developed by the City of Rockville, the park features tennis and basketball courts, softball and soccer fields, playgrounds, and picnic areas.

Fallsgrove

Fallsgrove Village Center, 14955 Shady Grove Road, Rockville, Maryland
Developer: Lerner Corporation

Fallsgrove is a 250-acre mixed-use neighborhood development. The Fallsgrove Village Center includes 136,000 square feet of retail space to accommodate neighborhood retail, restaurants, and a major grocery store. Surrounding the Village Center is a diverse mix of residential units including single-family homes, townhomes, stacked townhouses, and low- and mid-rise multifamily units.

In addition to a shopping center and residential units, the mixed-use community includes the Fallsgrove Village Office Center, a three-story Class A office development with 75,000 square feet of leasable space.  Two full service hotels and a conference center are planned to be built on site.  The Hilton Garden Inn (110 rooms) and Homewood Suites (90 rooms) are scheduled to begin construction in early 2007. 

Rockville Town Square

Downtown Rockville, bordered by Beall Ave., N. Washington St., Middle Lane and Route 355
Developers:  RD Rockville, LLC;  Federal Realty Investment Trust:  City of Rockville, Montgomery County, and state and federal governments

          - Public/private partnership:  <70 percent of the  $300 million cost from private funding
          - 15 acres, expected to expand to more than 100 acres
          - 180,000 square feet of retail and restaurant,
          - 644 residential units: for more information visit here
          - Rockville Regional Library
          - Rockville Arts and Innovation Center
                    - Metropolitan Center for the Visual Arts [VisArts], formerly known as Rockville Arts Place
                    - Rockville Innovation Center, a small business incubator serving informatics companies and international technology companies
          - Three public parking garages
          - A new town square.
          - For more information, contact REDI or visit here.