909 Rose, the future Class A office building at Rose Avenue and Rockville Pike at Pike & Rose, has topped out. Delivery of the 200000 SF building is anticipated for the spring of 2020. In a weak Montgomery County office market that hasn't attracted a major corporate headquarters in over twenty years, property owner Federal Realty has taken the same practical tack as JBG Smith - they will move their own headquarters down Rockville Pike into this building.
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So are you suggesting that you think Federal Realty shouldn’t move to one of their newest products, or they should move to a competitor’s products, or even worse (as they had threatened) move to a diffenent county?
We all get that you think MoCo developers are building these new high rise office buildings, but seemingly can’t find tenants, so they are forced to move themselves into to the building to somehow save face or to stimulate their leasing. Do you think they might just be proud of their efforts and want to lead the leasing effort and showcase their best new product. Somehow you seem to think that office developers should not somehow s get to enjoy the fruit of their labor and substantial investments, and should stay in older or substandard buildings.
I think it’s great that folks like Federal Realty and JBG Smith are occupying their latest trophy office buildings.
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