Gateway Lakeforest
Update
11/11/24
400+ Units Planned to Replace Gaithersburg Offices
An application for a zoning map amendment and schematic development plan application have been filed to rezone three parcels at 481 N Frederick Ave, 101 Lakeforest Blvd, and 702 Russell Ave in Gaithersburg. The 6+ acre site currently offers 3 office buildings which are nearing the end of their useful lives. The developer has consolidated existing tenants at the property into 702 Russell Avenue under long-term leases. The proposed 8- story multifamily building will contain up to 410 units, approximately 20,100 square feet of commercial space, one (1) level of below grade structured parking and above-grade structured parking rising to six (6) levels and tucked into the rear of the building. Amenities spaces include, clubroom and fitness room, swimming pool with courtyard.
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