Below is a list of businesses that have recently opened, closed, or are coming soon to the Gaithersburg Square shopping center:
Coming Soon: Carter’s/OshKoh
Children’s clothing chain Carter’s is returning to its previous Gaithersburg Square location at 520 N. Frederick Ave. The store closed in July 2021 and was replaced by Charik African Fashion in March 2022. Charik recently relocated two doors down to the former T-Mobile location at 530 N. Frederick Ave. Charik is a family-owned African fashion store that sells shoes, clothing, and accessories and previously had a location inside of Lakeforest Mall.
According to its website, Carter’s is the largest branded marketer of baby and children’s clothing in the U.S. According to signage on the building, the store is expected to open this fall.


Closed: Kogi Asian Grill
Kogi Asian Grill, a fast-casual restaurant that opened in August 2021, closed its location at 560 N Frederick Ave over the summer. Kogi featured “classic Korean BBQ meats like bulgogi, options such as sesame chicken and chicken katsu curry with assorted veggies all served in a bowl you can customize.” No word yet on what will be replacing it.

Closed: Boston Market / Coming Soon: Chase Bank
Boston Market closed its Gaithersburg Square location at 494 N Frederick Ave Unit B back in April, leaving the Boston Market at 3825 Aspen Hill Rd as the chain’s last remaining Montgomery County location. JP Morgan Chase has signed on to take over the space and will be moving in shortly. In 2022, JPMorgan Chase cut the ribbon to its newly renovated regional headquarters, the Bowen Building at 875 15th St. NW at the corner of McPherson Square in Washington D.C. This acquisition “reinforced the firm’s commitment to Washington D.C. and the Greater Washington region” as it is one of the only banks expanding its physical footprint in our area. Chase is doubling its original branch network commitment made in 2018 to 140 branches by 2025 throughout Washington D.C., Maryland and Virginia.

Now Open: Oak Barrel & Vine
Montgomery County’s Department of Alcohol Beverage Services held the grand opening for its latest Oak Barrel & Vine location at 512 N. Frederick Ave. on June 15. The Oak Barrel & Vine branded stores feature handpicked items with a focus on spirits and locally manufactured products. The new Gaithersburg Square location will be the largest of the ABS stores and is the third to carry the Oak Barrel & Vine brand. It will feature a large tasting room and event space, an improved selection of small format items, a dedicated non-alcoholic products section, queue lines for faster checkout, wayfinding signs, and enhanced customer accessibility.
“The Gaithersburg Square Oak Barrel & Vine store will provide customers with the tasting and educational space they have been requesting,” said ABS Director Kathie Durbin. “The Oak Barrel & Vine brand is designed to reflect our community by showcasing local products and providing dynamic service in a safe and inviting environment. The large tasting room will allow customers to engage more fully, turning shopping into an experience.”
