The next phase of development of White Flint’s Pike & Rose is expected to encompass six blocks of construction, including a boutique hotel, retail space, residences and offices, according to a news release from Federal Realty Investment Trust, which is building the project.
The Montgomery County Planning Board last week approved the site plan for the second phase of the mixed-use Pike & Rose development in the White Flint sector.
Federal Realty expects to break ground on the next phase in 2014, the release said.
All together, the second phase of Pike & Rose is expected to include 1.6 million feet of mixed-use development. Of that, 1.1 million square feet is planned for nonresidential uses. Federal Realty Investment Trust is also planning up to 462 residential units, according to a county planning staff report.
The property is at the corner of Rockville Pike and Old Georgetown Road.
A first phase of the Pike & Rose development is already under construction and expected to begin opening in the middle of next year, according to the news release. Federal Realty recently announced that it had signed a Sport & Health Clubs and City Sports as tenants for the first phase, which is expected to be completed next fall.
The second phase of Pike & Rose is expected to be built in three sub-phases, according to the staff report. The proposal includes phase 2A, with two nonresidential buildings; phase 2B, with two nonresidential, one residential and one hotel building; and phase 2C, with one residential, one office and one nonresidential building.