Mixed-Use Development Would Bring 500 New Multi-Family Residences to Rockville

Mixed-Use Development Would Bring 500 New Multi-Family Residences to Rockville

Proposed project retains existing health club

| Published:
Untitled design - 2019-09-11T103917.253

The project property.

Via City of Rockville

Developers have proposed a project in Rockville that would include 500 new multi-family residences on Preserve Parkway.

The proposal, expected to be presented to Rockville city officials this month, includes 220 senior housing units, 180 apartments and 100 townhouses, according to a development application filed jointly by Finmarc Management and EYA.

Project plans include a parking garage for an existing health and fitness club on the property. The fitness center will remain, while a 100,000-square-foot office building will be demolished to make way for the development. The project is on the east side of Preserve Parkway near the intersection of Fortune Terrace and Seven Locks Road.

Fifteen percent of all units in the project will be designated as affordable housing, in accordance with local law.

Townhouses will be approximately 50 feet tall and the multi-family units will be about 75 feet tall.

Developers hope to break ground in 2021.

In development application documents, Finmarc Management and EYA officials say the project is “designed as a walkable community to reduce the impact on traffic.”

A Rockville Development Review Committee meeting is scheduled for Sept. 26, when city officials will review the proposal.

Caitlynn Peetz can be reached at caitlynn.peetz@bethesdamagazine.com

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