2021 | Business

Business Notes: CVS plans to add downtown Bethesda store

Plus: Pike & Rose building adds technology company as its top-floor tenant

CVS plans to add downtown Bethesda store

CVS pharmacy is planning to add another store in downtown Bethesda, a company representative confirmed to Bethesda Beat last week.

Company spokesman Matt Blanchette wrote in an email to Bethesda Beat that construction is planned to start in 2022 on a store at 7235 Wisconsin Ave. He said it’s too early to know when the store would open.

The new store would be just blocks away from CVS’s other Bethesda locations at 7809 Wisconsin Ave. and 6831 Wisconsin Ave. Additionally, there is a CVS 6917 Arlington Road, according to the company website.

Robert Dyer reported on CVS’s plans last week.

Pike & Rose building adds technology company as top-floor tenant

Federal Realty Investment Trust has announced that the technology company United Solutions will occupy 20,602 square feet on the top floor of 909 Rose Ave. in North Bethesda’s Pike & Rose development.

United Solutions specializes in “new and emerging technologies” in areas such as solving the COVID-19 pandemic, cybersecurity and supply-chain risk, according to a press release from Federal Realty.

Among its products are an application called Siqi that is powered by artificial intelligence and predicts health conditions in communities during the pandemic.

United Solutions is scheduled to move into the building this winter, but the press release did not specify an exact date.

Federal Realty, whose headquarters are housed in the 909 Rose office building, stated in the press release that the 11-story building is now two-thirds leased.

Other soon-to-come tenants include the co-working space Industrious, which is scheduled to open in August, and the Greek restaurant Melina, which the founders of the Mediterranean chain CAVA are behind.

CAVA co-founder Ted Xenohristos wrote in an email to Bethesda Beat on Monday that Melina is projected to open in the “late spring/early summer.”

JBG Smith appoints new member to board of trustees

The Bethesda-based developer JBG Smith announced last week that Phyllis Caldwell has been appointed to the company’s board of trustees. Her appointment will take effect March 1, according to a press release.

Caldwell is the founder of Washington, D.C.-based financial services firm Wroxton Civic Ventures. She has also served as the chief of the Department of Treasury’s Homeownership Preservation office, in which she worked on issues related to housing market stabilization and foreclosure prevention.

Dan Schere can be reached at daniel.schere@bethesdamagazine.com