Pike & Rose is a mixed-use development in the form of an ersatz downtown in North Bethesda, Maryland, a block away from North Bethesda station of the Washington Metro. Its first phase opened in 2014. Pike & Rose now comprises 379,000 sq ft (35,200 m2) of retail, 864 residential units, a 177-room hotel, and just under 300,000 sq ft (28,000 m2) of class-A office space. Retail anchors include REI, West Elm, and Uniqlo.[1][2] Amp by Strathmore, a 200-seat music venue, is adjacent to an iPic movie theater and is closing at the end of June 2024.[3] There is also a Porsche auto dealership.
Montgomery County, Maryland has allocated $150 million for the area's development and envisions an eventual 20,000 residential population. The developer is Federal Realty Investment Trust, known for other mixed-use developments at nearby Bethesda Row as well as Santana Row in San Jose, California and Assembly Row in Somerville, Massachusetts.[4]
Elements of the complex include:[4]
- Pallas, a 20-story building, of which the top half is residential and the bottom half is a Canopy by Hilton hotel
- The Henri, another high-rise residential building that has architectural elements mimicking New York City's Puck Building
- 909 Rose, a high-rise office building (tenants include Federal Realty Investment Trust[5])
- 915 Meeting Street, a high-rise office building (tenants include Choice Hotels and Sodexo)
- 935 Prose, a high-rise office building (under construction)
The development is named after two of the roads that border it, Rockville Pike and Montrose Parkway.[6] Much of the development is on the former site of Mid-Pike Plaza, a shopping center whose original anchor tenant was an E.J. Korvette discount department store.[7]
References
edit- ^ "REIT magazine and Real Estate Investment SmartBrief". Nareit.
- ^ "Downtown Centers - Shopping & Events | Visit Montgomery, MD". Visit Montgomery.
- ^ Rasicot, Julie. "Strathmore's AMP to close June 30 after nine years". MoCo 360. Retrieved 2024-05-27.
- ^ a b Lerner, Michele (October 4, 2017). "Pike & Rose: A community grows on Rockville Pike". The Washington Post.
- ^ "Contact Us, Federal Realty Investment Trust". Retrieved 2024-05-27.
- ^ Kelly, John (August 27, 2017). "Pike & Rose is along the middle of Rockville Pike — Mid-Pike, you might say". The Washington Post. Retrieved 2021-12-12.
- ^ Kelly, John (September 3, 2017). "Gassing up the time machine for another drive down Rockville Pike". The Washington Post. Retrieved 2021-12-12.