Construction underway on new Pike & Rose office building

Construction has begun on a new Class A office building at Pike & Rose, known as 909 Rose Avenue. Although the office market in moribund Montgomery County is weak, with no major corporate headquarters locating here in two decades, property owner Federal Realty is making a similar move to rival JBG Smith - moving their own headquarters from up Rockville Pike into this building, just as JBG will relocate its Chevy Chase HQ to 4747 Bethesda Avenue.

Federal is marketing the rest of the available space in 909 Rose with an emphasis on the amenities found in the Pike & Rose development, which now boasts arguably the best one-stop dining collection in Montgomery County. And the AMP concert venue and iPic Theater. The building itself will have a rooftop lounge and outdoor deck. Federal Realty is also promoting the idea that, with its HQ on-premises, tenants will have a better experience compared to a "remote landlord."