In May 2022 we let you know that Federal Realty proposed a plan to transform what they referred to as the underutilized site of the Federal Plaza West property located at 1776 E. Jefferson Street, North Bethesda, Maryland (many consider the area Rockville) into a “thriving mixed-use development containing up to 500 units, up to a total of 108,965 square feet of retail uses (103,965 square feet of existing to be retained, and up to 5,000 square feet new), a half-acre public open space, and street-scape improvements.” Last week, the Montgomery County Planning Board approved the plan.
The Property is currently known as Federal Plaza West, which includes approximately 135,446 square feet of retail, including the former location of a Planet Fitness gym, which will soon be the home of MoCo’s first DMV Iron Gym location, and other retailers located in a two/three story structure constructed along the Property’s shared property line with Lot 1. A Panera Bread pad site and associated surface parking is located in the southwest quadrant of the Property, according to project plans.