The City of Gaithersburg issued a press release today stating that Federal Realty Investment Trust (FRIT) has approved approximately $6.6 million in property improvement expenditures for the Gaithersburg Square shopping center located at 524 North Frederick Avenue. The shopping center dates back to 1965.
The renovations are set to begin in 2021. They will include a brand new plaza area with outdoor dining and amenities, in addition to a more streamlined shopping experience.
To read the City of Gaithersburg’s official press release, please click here.
Image courtesy of the Federal Realty Investment Trust website.