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Federal Realty's Md. property project receives sustainable certification


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Federal Realty's Md. property project receives sustainable certification

Federal Realty Investment Trust's Pike & Rose development in North Bethesda, Md., clinched a Leadership in Energy and Environmental Design for Neighborhood Development, or LEED ND, certification for the property's energy and resource-efficient buildings.

The real estate investment trust's development was awarded the LEED ND v2009 Stage 3 Gold certification, which takes into account whole communities instead of just buildings, according to a release. The project is the only LEED ND Stage 3 development that is owned and developed by a U.S. REIT, making it one of 10 in the U.S. and one of 18 globally.

The Pike & Rose transit-focused project spans 379,000 square feet of retail space, 765 apartments, 99 condominiums above a 177-room hotel and 80,000 square feet of class A office area, with 212,000 square feet of offices still being constructed. The development houses a large rooftop farm and has a 17,000-square-foot green space on top of one of its housing towers. The green space accommodates the growing of fruit and vegetables purchased by tenants, local farmers' markets and restaurants within the development.