UNIQLO to open its first Maryland location at Pike & Rose in Montgomery County

Pike & Rose Continues to Build Momentum as International Apparel Merchant Joins Growing List of Retail, Restaurant, Residential, Hotel and Office Tenants

ROCKVILLE, Md., 2018-Feb-13 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE: FRT) announced today (Feb. 7, 2018) that global retailer UNIQLO will open its first Maryland location and third in the Washington D.C. metro area at Pike & Rose, a 24-acre mixed-use development in Montgomery County. Expected to open in the fall of 2018, the new 11,000-square-foot store will offer LifeWear for men, women and kids.

“The latest store announcements and openings at Pike & Rose represent a continued positive trend for Federal Realty. Whether searching for the best location to be first to market, as it was for Chicago-based Stella Barra Pizzeria, or to expand their footprint in the D.C. metro region, as Scout & Molly’s Boutique did this week, they are choosing Pike & Rose,” said Chris Weilminster, President of Mixed Use at Federal Realty. “As Pike & Rose continues to reshape North Bethesda with a focus on the future, it has established a track record of attracting best-in-class domestic and international interest by offering options not found in other areas of the Greater Washington region.”

Other notable highlights from the neighborhood include:

  • Canopy by Hilton to open 3rd location in the world in late February 2018
  • 930 Rose Condominiums located above Canopy with hotel amenity offerings, 50% under contract
  • State-of-the-art Porsche Dealership
  • Conversion of 17,000-square-foot rooftop into The Farm at Pike & Rose

“With the addition of UNIQLO, over 60% of the project’s retail GLA now comes from iconic domestic and international brand category leaders, cementing Pike & Rose as a beacon for retailers both internationally known and locally loved,” said Stuart Biel, Federal Realty’s Vice President, Leasing. “The complement of an unparalleled mix of amenities within an authentic neighborhood environment means retailers and restaurateurs searching for their next location are finding it at Pike & Rose.”

In 2018 Pike & Rose will welcome:

  • 930 Rose – Condominiums
  • Baked Bear – Ice Cream Sandwich Shop
  • BlueMercury – Retailer
  • Canopy by Hilton — Hotel
  • Jinya Ramen Bar – Restaurant
  • Julii – Restaurant
  • Nada – Restaurant
  • Nando’s Peri Peri – Restaurant
  • The Red Door Salon & Spa by Elizabeth Arden – Spa
  • Scout & Molly’s Boutique – Retailer
  • Taylor Gourmet – Restaurant
  • Uniqlo — Retailer
  • Up Top Acres/The Farm at Pike & Rose – Rooftop Farm

About Pike & Rose, a Federal Realty neighborhood

Since its opening in 2014, the transit-oriented development has grown to 391,000 square feet, including over 40 tenants of thoughtfully merchandized retail space. The selection of restaurants (including Summer House Santa Monica, Del Frisco’s Grille, &pizza and Taylor Gourmet), retailers (including REI, Sephora, H&M, L.L.Bean and Sur La Table), a state-of-the-art Porsche dealership, and unique entertainment offerings (iPic Theaters, Pinstripes and AMP by Strathmore) have created a one-of-a-kind retail environment. The neighborhood is fully enhanced by the offerings of 99 luxury condominiums and penthouses uniquely positioned above Canopy by Hilton, a 177-key boutique hotel; 80,000 square feet of fully leased best-in-class office space; 765 luxury apartments; and a 17,000-square-foot rooftop farm. The project represents a total investment of approximately $500 million with additional potential for development, and is part of the Federal Realty Row properties, which include Santana Row, located in San Jose, California, and Assembly Row, located in Somerville, Massachusetts. For additional information about Pike & Rose, visit www.pikeandrose.com.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets. Founded in 1962, our mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Federal Realty’s 104 properties include over 2,900 tenants, in approximately 24 million square feet, and over 2,000 residential units. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquires:
Leah Andress
Investor Relations Associate
301.998.8265
landress@federalrealty.com

Media Inquiries:
Andrea Simpson
Vice President, Marketing
617.684.1511
asimpson@federalrealty.com

SOURCE: Federal Realty Investment Trust

Saks OFF 5TH to open new store within the Congressional Plaza shopping center located in Rockville, Md.

NEW YORK and ROCKVILLE, Md., 2015-11-5 — /EPR Retail News/ — Saks Fifth Avenue OFF 5TH and Federal Realty Investment Trust (NYSE: FRT) are pleased to announce that Saks OFF 5TH will open a new store within the Congressional Plaza shopping center located in Rockville, Maryland. Expected to open Fall 2016, the new 40,000 sq. ft. store will feature a carefully edited assortment of luxury designer fashion, footwear, and accessories for men and women all at up to 70% off.

“We are thrilled to introduce our brand, our incredible merchandise selection, and our amazing prices to the Rockville area with the opening of our Congressional Plaza store,” commentedJonathan Greller, President of Outlets, HBC. “This new store will be centrally located on Rockville Pike, one of the most desirable shopping corridors in the entire Washington DC metropolitan market, and is an exciting addition to our off-price business across North America.”

With new arrivals shipped to the store nearly every day, customers will discover fresh and exciting merchandise, including coveted up-market labels and one-of-a-kind designer finds, for both men and women. For additional OFF 5TH shopping benefits, customers may sign up for the More! program on saksoff5th.com. Rewards include insider access to exclusive discounts, new arrival alerts, and more.

Acquired by Federal Realty in 1965, Congressional Plaza is a regional mixed-use destination that includes 328,000 square feet of retail, 50,000 square feet of office and 194 rental residences.  The addition of Saks Fifth Avenue OFF 5th comes on the heels of a series of endeavors by Federal Realty to continually improve Congressional Plaza and adapt to the changing needs of the community.  In 2014, Federal Realty completed a comprehensive renovation of The Crest atCongressional Plaza, a 146-unit apartment community to modernize the units and amenities.  More recently, Federal Realty developed The Stories, a 55+ adult community comprised of 48 inspired, luxury apartments.  Scheduled to open Spring 2016, The Stories is a first-of-its-kind residential solution designed to cater to the aging population in the area who are seeking a high-end luxury living experience focused on the overall well-being of it residents.

“Montgomery County, Maryland has changed dramatically over the past 50 years and the evolution ofCongressional Plaza has evolved right along with it to ensure the community is properly served. The addition of Saks OFF 5TH and our other new additions further authenticate Congressional Plaza as a vibrant mixed-use centerpiece for Rockville Pike with living, working, restaurant and retail options second to none,” said Chris Weilminster, Executive Vice President, Real Estate and Leasing,Federal Realty Investment Trust.

Additionally, Federal Realty is making significant capital improvements to expand the connectivity between the retail, offices and residences.  This includes adding walkways and landscaping, updating the facade and signage, and creating a new outdoor cafe seating area for everyone to enjoy. Congressional Plaza is also now home to Beer and Wine Cellar, a friendly neighborhood beer and wine store, and Chop’t (opening soon).

The new Saks Fifth Avenue OFF 5TH will reside in Congressional Plaza located at 1675 Rockville Pike, Rockville, MD, 20852. For more information, visit www.congressionalplaza.com.

About Saks Fifth Avenue OFF 5TH
As part of the Hudson’s Bay Company brand portfolio, Saks Fifth Avenue OFF 5TH is a world-class destination for true fashion at extraordinary value. The retailer’s 91 stores and e-commerce division, saksoff5th.com, combine the two great joys of shopping: the delight of discovering the best in luxury and the thrill of finding a deal. A sophisticated shopping experience of carefully curated off-the-runway trends, exceptional service, and savings on the biggest names in fashion, Saks Fifth Avenue OFF 5TH leads the market as the premier luxury-value destination.

About Federal Realty:
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Bostonas well as San Francisco and Los Angeles.  Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.  Our expertise includes creating urban, mixed-use neighborhoods likeSantana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Rowin Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 90 properties include over 2,600 tenants, in approximately 21 million square feet, and 1500 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

CONTACT:
Tiffany Bourre Stephanie Orton Lynch
Office:   905.595.7184 Office: 202.248.5855
Cell:       416.571.1301 Cell: 703.405.0728
Tiffany.bourre@hbc.com SLynch@DelucchiPlus.com

 

SOURCE Federal Realty Investment Trust