Construction is now underway on a new strip retail development in Gaithersburg. Matan Companies announced on April 2 that it has broken ground on a 10,175 SF retail strip at 715 Progress Way, located on a one-acre parcel at the intersection of Montgomery Village Avenue and MD-355. The site already draws significant traffic thanks to nearby national brands like Chick-fil-A and Sheetz.

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David Simon, Chairman, CEO, and President of Simon Property Group, died on March 22, 2026 at the age of 64 following a battle with cancer. Locally, Simon Property Group owns Clarksburg Premium Outlets, Leesburg Premium Outlets in Leesburg, VA, The Fashion Centre at Pentagon City in Arlington, VA, and Potomac Mills Mall in Woodbridge, VA.

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