The JBG Companies, who are currently building a large complex of offices, residences, and stores around the Twinbrook Metro station, are also working on a portion of downtown Rockville that’s slated as phase two of the Town Center. The 2008 economic downturn slowed development considerably but is now picking up, as evidenced by the construction of the corporate headquarters of Choice Hotels. JBG owns the former Giant Grocery store at 275 North Washington Street (across from the Beall’s Grant Apartments) and has been exploring various uses for this vacant building and adjoining parking lot. Today, they shared the following plans:
New shopping, apartments and offices are slated for an overlooked city block in Rockville’s downtown, offering the opportunity to energize a long-vacant Giant grocery store site and adjoining tracts. The JBG Companies is proposing to demolish the grocery store and build new offices and shopping as a complement to busy Rockville Town Square next door. JBG has shared its plans with multiple audiences including neighbors, city officials, community groups and civic users.
“We are fortunate to have strong support from neighbors and businesses alike who have long been asking for renewed vigor in this part of downtown Rockville,” said Anthony Greenberg, a JBG official. “Redeveloping this property is an excellent opportunity to Continue reading →
About two dozen people gathered in the Red Brick Courthouse last night to hear Tony Greenberg of JBG Companies of Chevy Chase discuss conceptual plans for a three-acre lot in downtown Rockville, the site of the former Giant grocery store on Washington Street near Beall Avenue. The Town Center Action Team hosted the meeting and among those attending were councilmember Bridget Newton and chief of planning Jim Wasilak. JBG is one of the region’s major developers and is currently building the Alaire and rehabilitating the million-square-foot Health and Human Services Building in Twinbrook. Greenberg noted that JBG Rosenfeld is an affiliated but separate company that specializes in managing retail properties (such as the Twinbrook Shopping Center). JBG’s focus is primarily planning and construction of offices, hotels, and mixed use projects (i.e., retail AND residential, such as the North Bethesda Market which combines a Whole Foods Market and 400 apartments).
The Old Giant site has been vacant for years and is receiving very little revenue (mostly leases for parking). It’s part of the next phase of development for the Town Center (aka Town Center 2) and although currently sited mid-block along Washington Avenue, the City’s plans include streets bordering two other sides of the three-acre lot (an extension of Maryland Avenue from Town Center and a new Dawson Street linking Washington and Hungerford). JBG’s current conceptual plans include those streets as planned (although adjustments have been discussed to avoid awkward leftover parcels) and how their project might relate to the adjacent properties as Town Center 2 is developed. Greenberg noted that adjacent properties are separate parcels owned by others, such as the Maxim supermarket and the fire station, some of whom are not interested in selling because they want to develop the property themselves. Plans for relocating the fire station have died down, development of the Bank of America parcel have been scrapped due to the economy, but a Walgreen’s drug store is underway along Hungerford.
JBG considered various possible uses, including office, condo, and hotel, but in the current economic climate, the only ones that made sense were Continue reading →