Rockville Economic Development, Inc.Contact UsSite MapPrivacy StatementRockville Economic Development, Inc.
Why Rockville?Business DirectoryRockville Town CenterReal Estate InformationBusiness AssistanceStats at a GlanceNews and EventsResources/LinksAbout REDIAbout REDI Rockville, Maryland

Real Estate Information
Projects Underway

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.

Rockville Town Center

Downtown Rockville, across from Regal Theatre
Developer:  Duball, LLC

          - 3.2 acres
          - Two mixed-use towers, 15 and 18 stories
          - 485 multifamily residential units
          - 40,000 square feet of street level retail
          - 1,400 parking spaces
          - 175 room hotel
          - For more information, visit here

 Tower Oaks

Tower Oaks Boulevard and Wooten Parkway
Developer: The Tower Companies and Lerner Enterprises

          - 200-acre site, 2.5 million square foot wooded campus of commercial, residential, retail and hotel space
          - The Tower Building, 1101 Wooten Parkway
                    - "Smart/green" building
                    - Apartment and Office Building Association's Green Office Building of the Year award
                    - City of Rockville's first ever Environmental Excellence Award for Corporate Leadership in Green Building
                    - For more information, visit www.towerbuilding.com.
          - Tower II, 2000 Tower Oaks Boulevard
                    - Under construction, expected completion in 2008
                    - LEED (Leadership in Energy and Environmental Design) Gold Certified building
                    - 100% of energy needs supplied by wind power purchase
                    - 85% of air pollutants removed from building air
                    - Ancient Vedic design principals to improve occupant health and well-being
                    - For more information, visit www.toweroaks.com or contact leasing agent Jeffrey Diamond.
           - The Renaissance ClubSport
                    - Expected to be completed in 2008
                    - Luxury hotel: 200 guest rooms and 100 permanent (residential) guest suites
                    -  75,000 square foot upscale fitness resort, full-service spa
                    - World-class healthy dining restaurant, banquet facility
                    - LEED Gold Certified
                    - For more information, visit www.towercompanies.com.

The Preserve at Tower Oaks

Preserve Parkway
Developer: Boston Properties

          -34-acre site, capacity for 1.2 million square feet of Class A office space.
          - One seven-story building completed: 178,000 square feet of Class A office space.
          - One Preserve Parkway: 175,183 square feet of office space, completely designed and awaiting construction
          - Additional 900,000 square feet of office space development either on a speculative or built-to-suit basis
          - For more information, visit here.

Redland Corporate Center

520 and 530 Gaither Road (in King Farm)
Developers:  Perseus Realty and Prudential Real Estate investors

          - 28-acre campus to be built out with a mix of office, residential, retail and forestland
          - Two buildings under construction, expected to be completed mid-2009
          - 530 Gaither Road:  210,240 square feet on nine floors
          - 520 Gaither Road:  136,430 square feet on six floors.
          - Meets new General Services Administration setback and security requirements for federal tenants
          - Certified under the U.S. Green Building Council's standards for Leadership in Energy and Environmental Design.
          - Existing 139,000 square foot building:  fully occupied by the U.S. Department of Health and Human Services.
          - Shuttle bus to connect the center with the Shady Grove Metro station
          - For more information, visit here.

Twinbrook Commons

Twinbrook Metro subway station/Twinbrook Parkway area, Rockville, Maryland
Developer: Washington Metropolitan Area Transit Authority (WMATA)/Twinbrook Commons, LLC (The JBG Companies)

          - 26-acre site surrounding the Twinbrook Metro station
          - Broke ground November 2007; full project completion expected 2015
          - 325,000 square feet of office space
          - 220,000 square feet of ground floor retail
          - 1,595 multi-family residential units
          - Phase 1: 279 luxury apartments and 15,000 square feet of retail
          - For further information, visit here.

 

-