Discover Your Dream Home

to
Joseph Tahan
License #: SRES, GRI

Joseph Tahan

Realtor Associate, Realtor®
Coldwell Banker Residential Brokerage
M:
2404219525

Your Local Real Estate Connection Maryland and District of Columbia Areas

Looking to buy a house? We’ve started the research for you and here’s what you need to know about Rockville.

In 1962, Rockville became the first small city in Maryland to undertake a federal urban renewal program. Forty-six acres in the town center were bought; old and new buildings were demolished, and street patterns were changed. In their place rose the residential Americana Centre, more County buildings, high-rise offices, and a large shopping mall with 1,560 spaces of underground parking. A decade after the project began, the 500,000-square-foot (46,000 m2), 40 shop Rockville Mall opened in 1972, on 13 acres (53,000 m2).

Although designed originally to have Sears and JC Penney as the two anchors, no second lease was ever signed. The sole anchor at opening was a branch of the Washington, D.C.-based Lansburgh's department store chain. Within a year, Lansburgh's closed and was replaced briefly with a branch of Lit Brothers, followed by a W. & J. Sloane furniture clearance center and Franklin Simon & Co. store. Those stores closed with the bankruptcy of City Stores in 1979.

The mall was renamed in 1978 as the Commons at Courthouse Square and by 1981, 35 of the 55 store fronts were vacant. That year, despite the opening of the adjacent Montgomery County Executive Office Building, tenancy eventually dwindled to a handful, the property's New York-based owner, Rockville Development Associates, went bankrupt, and the mall was closed.

In 1983, Eisenger-Kildane of Gaithersburg, Maryland, spent $50 million attempting to redevelop it as a more entertainment-oriented facility. It was reopened as Rockville Metro Center, reflecting the connection at its east end to the newly opened Rockville Metro station across Maryland Route 355. This renovation brought in the late 1980s a large United Artists theater complex and "Breakers," a billiards parlor. Though these businesses, at the east end of the mall closest to the Metro station, attracted some traffic, the remainder of the mall lacked attractive tenants and therefore remained largely vacant.

Rockville Mayor and later Montgomery County executive Doug Duncan launched a massive campaign against the mall, known locally as the "Berlin Wall", in 1993, arguing that the large, scarcely occupied facility was a millstone holding back downtown development and limiting the city's property tax intake. His argument struck a chord with the majority in Rockville, and the west end of the mall was finally torn down in 1995 (the portion connected to the Metro station still exists as an office/health care/fitness center complex that is not recognizable as having once been part of a mall). New York-based Essex Capital Partners purchased the mall from Marine Midland Bank in 1998. Later that year, they opened the first phase of the $300 million Rockville Center, project, which included renovated and expanded theaters and a "restaurant row." 

Rockville Town Center

Starting in 2004, redevelopment continued with the 60-acre (240,000 m2) Rockville Town Center project. The $370 million mixed use center, is a public / private venture and includes the Rockville Branch of the Montgomery County Library; Rockville Arts and Innovation Center; ground-level retail, restaurants, shops, food stores; public parking garages; and about 680 units of residential housing in a pedestrian friendly setting.

On July 17, 2007, the 12-acre (49,000 m2) Rockville Town Square (Phase I of the Rockville Town Center project) opened with 27 shops and restaurants, including a Gordon Biersch brewery, Gifford's Ice Cream (now closed) and an Aveda day spa. In September 2007, the 28,000 square feet (2,600 m2) nonprofit Metropolitan Center for the Visual Arts (VisArts), a former Rockville Mall tenant, opened its doors as a center for classes, galleries and programs.

Connect with your local Coldwell Banker expert Agent, Joseph Tahan, to learn everything you need to know about buying a house in Fairland and begin your search for the perfect home.Get a positive, helpful partner for buying or selling a home:

  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond
  • Always return the phone calls, emails and text messages
  • Give you heads up for all contract changes and be on top of issues

Thing to Do in Rockville Maryland: 

 https://www.tripadvisor.com/Attractions-g41353-Activities-Rockville_Maryland.html

 

 

For Market Watch, Click on the Browser Below:

http://vs-portal.sundaysky.com/nrtmidatlantic/

 

 

Joseph Tahan
License #: SRES, GRI

Joseph Tahan

Realtor Associate, Realtor®
Coldwell Banker Residential Brokerage
M:
2404219525
Updated Sep 23, 2017 10:05:pm
Information deemed reliable but not guaranteed. Listing data provided by Metropolitan Regional Information Systems, Inc.