Matan Companies, a real estate development and investment firm, recently executed a full-building lease agreement with AstraZeneca, a global, science-led biopharmaceutical company, for 198,000 square feet at 700 Progress Way in Gaithersburg. The development is currently the home of a recently opened Chick-fil-A and Sheetz, but it’s looking to add more to the retail side of things.

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Gaithersburg City Staff is currently reviewing the Final Site Plan application (SP-9569-2023) for a 234 unit residential building with integrated parking garage at 103 and 203 Spectrum Ave. within the Spectrum development off of Watkins Mill Rd. and N. Frederick Ave (355) in Gaithersburg.

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