Construction commenced at Progress Labs at 700 N. Frederick Avenue in Gaithersburg, MD back in October. Progress Labs is a two-building approximately 495,000 SF development situated on 44 acres with prime I-270 visibility and access off of exit 11 Montgomery Village Avenue.
Included in the construction will be a new Chick Fil A location that we reported on back in October. The two main buildings included, seen in the image below, will total 495,000 sf.
BUILDING SIZES
Building 1: 247,500 SF
Building 2: 247,500 SF
TOTAL: 495,000 SF
SCHEDULE
Commence Construction: 10/2021
Building 1 Early TI Start: 11/2022
Building 2 Early TI Start: 2/2023
Building 1 Base Building Substantial Completion: 1/2023
Building 2 Base Building Substantial Completion: 4/2023