Kimco Realty is seeking approval of a redevelopment concept plan and height waiver that would allow it to construct two residential apartment buildings on the site of its Gaithersburg Shopping Center property at 18501 N. Frederick Avenue. The retail center is across MD 355 from the Spectrum development. Two proposed buildings would hold a told of 580 residential units, and ground floor retail and restaurant space. A small park space, and a rain garden at the corner of MD 355 and Travis Avenue would create "a signature gateway landscape experience."
Although the buildings would not exceed the 6-story height limit in that area, because of the topography of the site, the six stories would exceed the 65' height cap. As such, Kimco is seeking a waiver from the city to exceed that height cap. City planning staff approves of the granting of a waiver, and of all other arguments made by Kimco for the value of the project, and of its compliance with master plan considerations.
Gaithersburg's Mayor and Council will consider the concept plan application and waiver request at its meeting tonight, April 4, 2022 at 7:30 PM. Staff recommends approval of the application and waiver request.
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