Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

Thursday, April 23, 2026

Prime commercial properties for sale in Damascus for only $800,000(!!)


Two adjacent commercial properties in a high-visibility location are now available for sale in Damascus. 26323 and 26315-26317 Ridge Road (MD 27) are located near the intersection with Main Street in the downtown business district. There is a high volume of traffic passing daily from Montgomery County through Damascus, Mount Airy and Westminster, and even a fairly high number of semi-trucks from Pennsylvania. A drive-thru fast food restaurant could do quite well here. The asking price is only $800,000 for the whole thing, and we can say "only" because of the obscene price of real estate in Montgomery County these days. Land in a high-traffic spot in MoCo for just $800,000? A steal!



Monday, April 13, 2026

Lakeforest Mall redevelopment breaks ground in Gaithersburg


Demolition of Lakeforest Mall is well underway in Gaithersburg, but an official groundbreaking ceremony was held today at the property for what is to replace it. Developer WRS, Inc. was joined by Montgomery County Executive Marc Elrich, former Gaithersburg mayor and current County Council member Sid Katz, and current Gaithersburg Mayor Jud Ashman to officially fire the starting gun on construction of what WRS describes as a "mini-city." The $1.2 billion project will deliver 1600 residential units by three homebuilders, an upgraded Lakeforest Transit Center, and over 470,000-square-feet of retail and restaurant space. Initial tenants will include Sprouts Farmers Market, Home Depot, and a Landmark Theatres cineplex. 

It's shameful what Montgomery County officials and later owners of the property allowed to happen to Lakeforest Mall this century. It was an upscale mall when it opened, and - much like White Flint Mall - to see it being demolished even before the older and less-fancy malls in Bethesda and Wheaton is a sheer travesty. You have to be truly bad at governing to be this good at destroying communities and their crown jewels like this. 

Pour out an Orange Julius for Lakeforest Mall. It was too good for us. We didn't deserve it, after repeatedly electing people who allowed the mall and surrounding area to become overridden by crime. And in terms of what mall owners could control, it was clear that the most recent set of landlords were determined to tear down the mall to reap maximum real estate transaction profit, the community be damned.

Today begins a new chapter for the property. The developer has many challenges ahead, including the aforementioned neighborhood crime, and to deliver a water feature that is as well-integrated and successful as the one at well-ensconced competitor Rio Lakefront. "This is more than just a construction project; it is the rebirth of a community anchor," WRS Inc. Principal Kevin Rogers said in a statement this afternoon. "We aren't just building buildings; we are creating a destination where people can live, work, and thrive without being dependent on their cars. We are proud to deliver a project that honors the legacy of Lakeforest while looking firmly toward the future of Gaithersburg."

Photo courtesy WRS Inc.

Sunday, April 12, 2026

Auto dealership available for lease in Rockville


An auto dealership facility is now available for lease in Rockville. Formerly home to Ourisman's Rockmont Chevrolet, the property is located at 15301 Frederick Road, at the intersection of MD 355 and E. Gude Drive. Constructed in 1972, the dealership can be available to a new tenant in 30 days, according to the online listing. With 33,212 total square feet of auto sales, service, and storage space, which automotive brand would you like to see here?

Sunday, April 5, 2026

Vacant CVS space in Rockville Town Center offered for sublease


A large corner space that has sat vacant for almost four years at The Square at Rockville is now being marketed as available for sublease. CVS Pharmacy was the longtime tenant of this spot at 360 Hungerford Drive (MD 355), until the drugstore fell victim to the ubiquitous chain's uncharacteristic downsizing effort in 2022. The remainder of the CVS lease extends through September 30, 2032. Now the 13,800-square-foot storefront, which includes a drive-thru, can be sublet to you at an unspecified rent. That hush-hush rate is negotiable, according to the online listing.

Thursday, April 2, 2026

Matan Cos. breaks ground on new strip mall in Gaithersburg

Matan Companies broke ground on the latest addition to its commercial development on the former Leidos site at the corner of MD 355 and Montgomery Village Avenue in Gaithersburg today. Construction will now commence on a 10175-square-foot strip mall at 715 Progress Way. It will join two fully-leased 198,000-square-foot Class A buildings, also developed by Matan Companies, whose tenants include AstraZeneca, Montgomery County Public Schools (MCPS), and Daikin Comfort Technologies Distribution, Inc., and two pad sites occupied by Chick-fil-A and Sheetz. The latter two have drawn tremendous traffic to the property, and corporate officials at Sheetz have publicly expressed their satisfaction with the success of their first Montgomery County location here.

Three pad sites remain available, along with the inline spaces available in the future strip mall. "We’re excited to continue expanding this dynamic destination in Gaithersburg," said James Matan, Director of Leasing for the Matan Companies, said in a statement this morning. "With strong existing traffic generated by Chick-fil-A and Sheetz, along with excellent accessibility, this site offers an ideal opportunity for retailers."

Sunday, March 8, 2026

Rockville Mayor & Council to consider conveyance of 301 Frederick Ave. to private owner


Rockville's Mayor and Council will consider the possible conveyance of City property at 301 Frederick Avenue to the owner of an adjoining residential property at its April 13, 2026 meeting at 5:30 PM at City Hall. It's not an insignificant parcel, totalling 7340-square-feet, and is currently improved with a City sidewalk and a bus stop. The adjoining homeowner is asking the City to convey the plot, minus the sidewalk and bus stop, to them.

There's a back story to the request, some context that lends more logic to the potential transaction. You see, in 1964, original 715 Douglass Avenue homeowners Mabel Hill and Alice Mason conveyed this parcel to the City for public use, "for nominal consideration." Now a descendant is requesting that the City convey the unused portion back "for nominal consideration." 

The City has determined it has no further need for the remaining 5867-square-feet of the parcel. It is now giving the required public notice of the potential conveyance, which can be executed by the City Manager upon the approval of the Mayor and Council on April 13. Residents with questions about the proposed property conveyance, or who wish to submit written comments, can contact Jennifer Wang, senior transportation engineer with the Department of Public Works, at jwang@rockvillemd.gov.

Friday, March 6, 2026

Montgomery County starting work on Hoyles Mill MARC station project


The Montgomery County Department of Transportation is making final preparations to begin work on the Hoyles Mill MARC station project. Utilizing land around the Boyds MARC commuter rail station, including the Anderson property the County acquired for this purpose, several upgrades and amenities will be added to the station. These include construction of a new parking lot, a new Ride On bus loop, sidewalks, a shared-use path, and restrooms for bus drivers. The current parking lot has only 15 spaces that typically fill up fast in the morning; the new lot will provide 55 spaces for commuters, as well as new bicycle parking spots.

In addition to the station improvements, the historic Hoyles Mill structure will be stabilized. It is essentially a ruin, but stabilization is needed to insure it doesn't collapse. Montgomery County has received a total of $590,000 in grants from state agencies for this purpose. According to the Library of Congress, much of the mill's sheathing and internal machinery remain intact, and it is one of a few timber-frame mills that remain standing in Montgomery County.

Overall, the goal of the project is to encourage more ridership for MARC from the Germantown and Clarksburg areas. Massive development was allowed in both, but the County Council engaged in a rug pull with new homebuyers who had expected to commute via a new Corridor Cities Transitway rail line, and M-83 Highway. After they purchased their homes, the Council pulled the plug on both projects. The Hoyles Mill MARC station project was approved in 2019, and is only now moving forward.

Monday, January 5, 2026

New lakefront apartments proposed for Rio in Gaithersburg

 


The Mayor and Council of Gaithersburg will hold a public hearing tonight, January 5, 2026, on the proposal to build up to 500 apartment units at the Rio Lakefront development in Gaithersburg at 7:30 PM. Under the plan, new residential buildings would be constructed on the other side of the development's lake, between the boardwalk and I-270. Public comment submitted to the City has been trending negative toward the proposal. One factor not helping win public support is the generic architecture being shown at this stage, which resembles numerous other recent apartment buildings in many places in our region (what do you call those tacky facade "frames" that are on virtually every new building these days?), and does not mesh well with the existing structures on the opposite side of the lake.

Saturday, January 3, 2026

Nathan Landow, developer and philanthropist, dies at 93

 


The Montgomery County business and civic communities lost a giant earlier this week, when real estate developer and philanthropist Nathan Landow passed away on December 30, 2025, at the age of 93. He leaves behind an outsize imprint on the Bethesda skyline. His contributions to the town include his namesake Landow Building office property, and several apartment and condominium towers. Landow went above and beyond design and regulatory requirements, bestowing buildings such as The Seasons, Crescent Plaza, and Fairmont Plaza with resort hotel-style balconies and design features. If you've been inside The Promenade at Pooks Hill, you know it's like being on a luxury ocean liner on land.

Other landmark properties developed by Landow outside of Montgomery County include The Colonnade and The Carlton Towers in Washington, D.C., and Prospect House in Arlington. He was responsible for 17 large-scale residential buildings in total over his career, beyond his commercial and office developments.

Landow's contributions extended outside of improving the architecture of the region. He was a prolific fundraiser and contributor to the Democratic Party at all levels, and even served as Chairman of the Maryland Democratic Party at one point. He was not only a key benefactor of the Mayo Clinic and Charles E. Smith Life Communities, but also made architectural additions to both of their campuses.

Services will be held on Sunday, January 4, at 12:30 p.m. at Washington Hebrew Congregation (3935 Macomb Street NW). Shiva will be observed at the home of Harolyn and Michael Cardozo on Sunday, January 4 at 7 p.m. and on Monday, January 5 at 7 p.m.

Memorial donations may be made to Landow House, c/o Charles E. Smith Life Communities, 6121 Montrose Road, Rockville, MD 20852, or online at www.smithlifecommunities.org/giving.

Tuesday, December 16, 2025

MCPS leases final space at former Leidos site in Gaithersburg

 


Matan Companies has announced that its 44-acre life science and industrial campus fronting I-270 in Gaithersburg, which consists of two 198,000-square-foot Class A buildings at 700 and 750 Progress Way, is now 100% leased. The final piece was the recent execution of a 161,500 SF lease with Montgomery County Public Schools (MCPS), which has leased 161,500 square feet at 700 Progress Way. MCPS joins existing tenants AstraZeneca (198,000 SF full-building lease at 700 Progress Way, signed December 2023) and Daikin Comfort Technologies Distribution, Inc. (36,145 SF at 750 Progress Way, signed May 2024). Matan's announcement did not specify what MCPS plans to use the space for, or the annual cost of the lease to Montgomery County taxpayers.

“We are extremely proud to have delivered and fully leased this state-of-the-art campus,” Matan Companies Director of Leasing James Matan said in a statement. “The diversity of best-in-class occupants—AstraZeneca in life sciences, Daikin in advanced HVAC distribution, and now Montgomery County Public Schools—demonstrates the incredible flexibility and strategic location of these assets along the I-270 corridor.”

Sunday, December 14, 2025

Tiger Sugar space marketed for lease in Rockville


Have we reached peak boba tea? Tiger Sugar's space at 12266 Rockville Pike at Federal Plaza in Rockville is now being marketed as a sublease opportunity. The tea shop's existing lease runs through January 2029, but they apparently want out now. According to the online listing, the space can become available to a new tenant on 30 days' notice. Tiger Sugar remains open for business at this time.

Tuesday, November 25, 2025

Lakeforest Transit Center to be relocated and redeveloped at former Gaithersburg mall property

 


There's a new development in the redevelopment of the Lakeforest Mall site in Gaithersburg. A ceremony was held yesterday to kick off the first phase of a newly-announced partnership to relocate and redevelop the Lakeforest Transit Center. Transit is key to transforming the former community hub into a vibrant, mixed-use development, especially with no new highways or rail service planned for the massive housing and commercial growth that will occur.

Montgomery County Executive Marc Elrich, Maryland State Delegate Julie Palakovich Carr, and County Councilmembers, including Marilyn Balcombe, Sidney Katz, Dawn Luedtke, and Laurie-Anne Sayles, joined Montgomery County Department of Transportation (MCDOT) Director Chris Conklin, WRS Inc. Real Estate Investments Principal Kevin Rogers, and other community leaders to celebrate the milestone.

The redevelopment is a joint effort between Montgomery County and WRS Inc. Real Estate Investments. WRS is set to redevelop the nearly 100-acre site into a dynamic mixed-use community featuring residential housing, entertainment, shopping, and public gathering spaces.

“Lakeforest Mall was a place where people came together for decades, and this redevelopment gives us a chance to reimagine this site,” Elrich said Monday. “Transportation, housing, and economic development are connected, and this project reflects that.”

The now-closed Lakeforest Mall holds a special place in the community, having served as the County's largest mall for a time and a well-known gathering spot for 45 years since its opening in 1978. Greed on the part of the mall's final owner, and chronic failure by County leaders to address violent crime and gang activity at the mall resulted in the disgraceful demolition of the once-luxurious shopping mecca now underway at the site.

The first phase of the agreement focuses on site preparation for the new transit center. WRS will prepare nearly two acres of land, which includes filling in a drainage pond and grading the site to make it build-ready. This initial phase is expected to take about one year.

Following the completion of site preparation, MCDOT will purchase the land from WRS and commence construction on the new transit center itself.

The new transit center will continue to serve the eight existing Ride On bus routes currently using the Lakeforest Transit Center. Crucially, it is also being designed with scalability to accommodate the future MD 355 Flash Bus Rapid Transit (BRT) corridor. "The new transit center will support the nearly 2,000 riders per day who rely on the current Lakeforest Transit Center, as well as create capacity to accommodate the planned Flash Bus Rapid Transit corridor along MD 355 and any future developments," Conklin said.


Wednesday, November 19, 2025

Damascus bank branch to be auctioned off


A former Truist bank branch in the center of Damascus is about to be auctioned off. The building and associated structures are located at 9916 Main Street. This is a prime location for business, or for potential redevelopment as residential or mixed-use, with such redevelopment eagerly sought by the Montgomery County cartel, who have been working overtime to urbanize rural Damascus. They also want to jam as many Democrats as possible into the Republican town, before the U.S. Supreme Court declares their gerrymandered legislative and council district maps illegal. The opening bid is a ridiculously low $175,000, according to the online listing.




Monday, September 29, 2025

Gaithersburg shopping center for sale


Want to own a shopping center in Gaithersburg? Quince Orchard Marketplace at 12215 Darnestown Road is on the market for sale. Comprised of five individual properties, the shopping center is anchored by a Safeway grocery store. Other tenants include CVS Pharmacy, a Sunoco gas station, a Capital One bank branch, and California Tortilla. Beyond the revenue generating possibilities, of course, is the redevelopment potential of the site. The online sale listing does not include the asking price. 

Tuesday, September 23, 2025

Rockville Planning Commission to review Toll Brothers condo project September 24


It's been two years since Toll Brothers proposed redeveloping the commercial townhouse complex at 622 Hungerford Drive (MD 355) in Rockville into a 2-over-2 residential condominum complex. Tomorrow night, Wednesday, September 24, 2025 at 7:00 PM, the Rockville Planning Commission will consider the project's Final Record Plat application. If approved, the application will resubdivide the two-lot property into a single new lot, to allow construction of the 48-unit condo complex. It will also allow for the dedication of right-of-way by the applicant for improvements to the west side of Hungerford Drive. City planning staff are recommending approval of the application.
Proposed configuration of the condos

The two-lot site is designated in
black in this aerial image of the
property as it appears today; the
white-roofed building immediately
south is the U.S. Post Office, which
is not part of the property in question



Sunday, September 14, 2025

The Spot food hall is on the way out in Rockville


ZAP! BOOM! POW! The crash out of the food hall fad in Montgomery County is snowballing. Caught up in the downhill momentum is The Spot at 255 N. Washington Street in Rockville. Its 6033-square-foot space just hit the market for lease Friday. The listing is being handled by H&R Retail brokers Bradley Buslik and Austin Hersh. Although The Spot remains open for business, the online listing states that their space is "available now."


A series of food halls, primarily targeted at the large Asian demographic in Rockville, opened in 2018 and 2019. The Spot's biggest rival - The Block - has already exited. Down in struggling Friendship Heights, the food hall called The Heights recently shuttered, having experienced perhaps the briefest run of any such enterprise in the County. Still chugging along in Rockville is Pike Kitchen.


The departure of The Spot will be a major blow to what's left of nightlife in Rockville Town Center. Spaces occupied by bars like American Tap Room and Gordon Biersch remain vacant years after both closed their doors. Raucous rooftop nightlife events at The Square in Rockville fell victim years ago to complaints of noise by apartment dwellers at the development. Food halls survived the pandemic, but seem to have ultimately lost their novelty shortly thereafter, leaving huge spaces behind.



Wednesday, July 30, 2025

Tequila Modern Mexican restaurant space available for lease in Rockville


A 3,841-square-foot restaurant space at 11 N. Washington Street in Rockville Town Center is now being marketed for lease by Paraclete Realty. Paraclete's online listing notes that dedicated parking is available for the restaurant, but does not indicate the amount of the monthly rent sought. The space was vacated by Tequila Modern Mexican earlier this year, after just a few months in operation. According to documents filed in Montgomery County District Court and posted at the premises, the restaurant owed the landlord $11,962 in rent as of May 2, 2025. 




Wednesday, July 23, 2025

Montgomery County Council rams through ZTA to upzone SFH neighborhoods


The Montgomery County Council took the first major step toward realization of its radical, warmed-over Reaganomics "Thrive 2050" plan yesterday, by approving construction of duplexes, triplexes, quadplexes, and apartment buildings up to four stories tall on lots currently restricted to single-family homes along multiple commuter corridors. True to its form of recent years, the Council simply blew off community opposition, and a crowded hearing room of angry residents. Taunting the crowd at times, the Council's sense of invincibility was hard to hide in both their microexpressions and tone of voice. The "More Housing N.O.W." zoning text amendment - like Thrive 2050 - had no grassroots support, and overwhelming opposition among residents.

Steamrolling ahead, the Council's willingness to outright lie about the intention of the ZTA was astonishing. From the beginning, they have attempted to sell Thrive and this ZTA as addressing housing affordability issues. Councilmember Andrew Friedson specifically cited middle-income "teachers, firefighters, police officers and nurses" as being able to afford the $2 million duplexes and $1 million apartments that the ZTA will produce. This is nothing more than pure, unadulterated malarkey. Incredibly, the reporter from The Washington Post accepted this farcical statement at face value, declining to fact check Friedson, ask tough follow-up questions, or outright declare Friedson's statements as false, as the paper regularly does for Donald Trump. The Post even used the term "missing middle," which doesn't remotely apply to the multimillion-dollar units that will be constructed under this ZTA. 

Eligible properties (in pink and yellow) in
Aspen Hill, Glenmont, and Wheaton

All this ZTA will do is increase the cost of housing in Montgomery County. If the townhome right next to the parking garage with no backyard at Westbard Square is $1.x million, then the future duplex with half a backyard and half a front yard in Springfield has to go for $2.x million. Now the colonial with the full front yard and backyard and Whitman school district is suddenly $3.x million, and the new-construction McMansion is $4.x million. Heckuva job, Brownie!


Urbanization of the suburbs is the primary goal of the ZTA. For example, the map of eligible properties shows how this ZTA is advancing the plan to urbanize River Road between the D.C. line and the Capital Beltway, which I have warned you about for many years. You can see the many churches, schools, country clubs, and other large properties the Council and their developer sugar daddies imagine will be demolished in the coming years. The speed limit on River Road has already been improperly reduced to 35 MPH, the exact opposite of sound traffic engineering, as the road is designed for speeds up to 55 MPH. Eventually, under the urbanization plan, River Road will be reduced to one lane in each direction, with bus/bike-only lanes seizing the other travel lanes heading east and west. A Purple Line extension to Westbard will be planned to juice density even further. As tall apartment buildings rise along the sides of River Road, the speed limit will drop to 25 MPH. Similar plans are in the works for Georgia Avenue between Olney and downtown Silver Spring, Old Georgetown Road, Veirs Mill Road, Route 29, MD 355, and other major commuter routes countywide.


Here is how each Councilmember voted on the ZTA yesterday. The names under "YES" are the people you will be voting AGAINST on your 2026 ballot, and the names under "NO" are the people you will be voting FOR in the 2026 Democratic primary election.

YES - to approve the ZTA

Gabe Albornoz

Marilyn Balcombe

Natali Fani-Gonzalez

Andrew Friedson

Evan Glass

Dawn Luedtke

Laurie-Anne Sayles

Kate Stewart


NO - to oppose the ZTA

Will Jawando

Sidney Katz

Kristin Mink

Tuesday, July 22, 2025

Is Marlo Furniture on the way out in Rockville? (Photos)


Marlo Furniture
has been a landmark presence on Rockville Pike since 1995. A new real estate listing suggests that, 30 years later, that could be changing. Several spaces in Marlo's custom-built warehouse showroom at 725 Rockville Pike are being offered for lease, including an 89,100-square-foot space that will become available on "January 01, 2026." Marketing materials prepared by Transwestern show renderings of "Your Sign Here" where the current, large "Marlo" signs are attached to the front and side facades of the building. The listing brochure states that prospective tenants will be joining Goodwill and Movement Rockville, with no mention of Marlo.


Images courtesy Transwestern

Monday, July 7, 2025

Metro Pike Center to get facelift in Rockville


Saul Centers is preparing to give a facelift to the Metro Pike Center at 11520 Rockville Pike in White Flint. The shopping center will receive a facade update in the coming months. Let's hope it is more retro than the replacement signage that was installed at the front of the property in the late 2010s. Lost were the totally 80s "Metro Pike Center" logo and background grid (see photo below), replaced by the most abominably-generic font and signage Max Headroom or Buckaroo Banzai could imagine in their nightmares (see photo at top). According to LoopNet, Metro Pike Center was constructed in 1990. White Flint is synonymous with the 80s, and that character should be retained to maintain the "sense of place" that Montgomery County planners give so much lip service to.