Watkins Mill Town Center - Executive Summary

Construction has begun at Watkins Mill Town Center, a 200-acre, mixed-use development located in Gaithersburg, Maryland along I-270 in the midst of the affluent and highly-educated population of Montgomery County. Watkins Mill Town Center is slated to include nearly 4.5 million square feet of Class A office, hotel, restaurants, retail and residential product surrounded by significant forest preserves and stream valley buffers. By design, it will provide a pedestrian-friendly environment with easy access to services, restaurants and shopping. During development of this "Smart Growth" project, special attention has been paid to environmental protection and "green building" techniques.

Watkins Mill Town Center is a transportation-oriented project, and is located at the confluence of several major road systems: I-270, Route 355/Rockville Pike, Route 117, Route 124 and the future Watkins Mill Interchange, which has a targeted completion date of 2011. It also is bordered by the existing Metropolitan Grove Amtrak/MARC rail station, which provides access to and from both METRO Rail and Washington DC's Union Station. Finally, the project also is planned as a main station for the programmed Corridor Cities Transit (CCT) Light Rail system.

Watkins Mill Town Center is comprised of three distinct development elements: West End at Watkins Mill, a 475-unit residential community designed around "new urbanism" principles, the Urban Core at Watkins Mill consisting of 1.9 million square feet of Class A office and high-rise residential and hotel towers with a total of 225,000 SF of first-floor retail, and The Spectrum at Watkins Mill, a 40-acre mixed-use urban village with a strong emphasis on restaurants and retail complimented by residential and public uses.

Demographics / Traffic Counts

1 Mile 3 Miles 5 miles

Population:
2009 Est. Population
2014 Projection
12,858
12,814
138,951
142,539
257,833
271,654

Income:
2009 Avg. Household Income
$84,307
$94,475
$110,790

Daytime Population:
2005 Employees
14,340
53,710
102,861

Full demographics

Note: Demographic reports do not include the large Federal Government installations near the site, namely:

The 578-acre National Institute of Standards and Technology (NIST) located less than a mile from the property
The Department of Energy located two exits north along I-270

Traffic Counts
Route 355 at Watkins Mill Road (2005) - 33,025 per day
Interstate 270 at Route 124 (2005) - 164,180 per day
(Traffic count information per Maryland State Highway Administration)

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