Business Notes: New Tenants Coming to Congressional Plaza in 2020
Plus: Silver Spring ranks among top summer Airbnb destinations; Bright MLS names new CEO
Rendering courtesy of Debbi Mayster
New tenants coming to Congressional Plaza in 2020
Two new fitness-themed tenants will open in Rockville’s Congressional Plaza shopping center as part of a series of boutique fitness studios under one roof known as FITRow.
Federal Realty Investment Trust, the commercial real estate company that owns the shopping center, announced Sept. 9 that CorePower Yoga and Orangetheory Fitness would open in 2020.
The two studios, according to a press release, will be near Barnes and Noble’s new 13,000-square-foot store, which is being relocated from Montrose Crossing Shopping Center, just south of Congressional Plaza.
“The FITRow concept makes it easy and convenient for anyone to keep their work out routine fresh while having a choice and variety in their work outs,” Kari Glinksi, director of asset management at Federal Realty, said in the press release. “FITRow is a lifestyle, a community where people have access to several boutique studios that can evolve with their fitness wants and needs.”
CorePower Yoga is a national chain of yoga studios with a location in Bethesda. The studios offer classes, retreats, teacher trainings and other types of events.
Orangetheory Fitness is a Florida-based company with gyms across the country, including several in Montgomery County. The gym specializes in encouraging its members to increase their heart rates through high-energy workouts and the use of performance tracking technology. Former first lady Michelle Obama has said she uses Orangetheory.
Silver Spring ranks third among Maryland summer Airbnb destinations
Silver Spring was the third most popular destination in Maryland for the short-term rental company Airbnb in 2019, according to data the company provided for May 24 to Sept. 2. The Montgomery County suburb ranked behind Baltimore and Annapolis.
The county as a whole also fared well in Airbnb’s summer statistics, with 19,100 guests visiting the company’s listings. That ranked fourth behind Baltimore City, Prince George’s County and Anne Arundel County. Additionally, Montgomery County took in $5.6 million in host income, second only to Baltimore City’s $6.8 million.
According to Airbnb’s data, as of July 1, there were 700 active listings in Silver Spring, 370 in Bethesda, 260 in Rockville and 170 in Gaithersburg.
Bright MLS names Donnellan CEO
Bright MLS, a real estate listing service that represents 95,000 real estate professionals in six states and the District of Columbia, announced last week that it has named Brian Donnellan as its next president and CEO.
Donnellan, according to a press release, has been the company’s interim CEO since February and was formerly its chief operating officer.
“It is a tremendous honor for me to be chosen to lead an organization that I hold in such high regard,” Donnellan said in a Sept. 9 press release. “Over the past several months, the Bright team and I have worked extensively to establish a culture of accountability, innovation and customer service that is completely focused on our subscribers and the consumers they represent.”
Bright MLS supported more than $100 billion in real estate transactions in 2018, according to the press release. Donnellan is responsible for providing leadership to the company, overseeing the management team and implementing long-term plans.
Dan Schere can be reached at Daniel.firstname.lastname@example.org