- Industrious plans to open a new flexible workspace location in North Bethesda.
- The new space will add 43,000 square feet to the Industrious portfolio.
- The North Bethesda space brings Industriousโ total Washington, D.C. metropolitan area footprint to nearly 200,000 square-feet.
NORTH BETHESDA, MD (January 26, 2021) – Industrious โ the highest-rated workplace provider in the industry โ today announced its plans to open a distinctive new flexible office location in North Bethesda. Located at 909 Rose Avenue and spanning a total of 42,768 square feet, the new shared workplace will occupy the fourth and fifth floors of a LEED Gold-certified building in the heart of one of Washington, D.C.โs most vibrant neighborhoods. Industrious Pike & Rose is scheduled to open in August 2021 and will provide an alternative to commuting into the city or working from home.
Together with eight additional locations across Arlington, Alexandria, McLean and Capitol Hill, the North Bethesda space brings Industriousโ total Washington, D.C. metropolitan area footprint to nearly 200,000 square-feet. Named the fastest-growing company in the industry by Inc. Magazine, Industrious has signed, opened or taken over more than one million square-feet of new workspace nationwide over the last year.
โThe greater Washington, D.C. market is in a new age of demand as enterprise businesses establish their headquarters here,โ said Justin Stewart, President and Co-Founder of Industrious. โWe launched our first D.C. location in 2018 and have been excited to grow our footprint to meet demand for custom workspaces throughout the greater metro area. North Bethesda fits in perfectly with the hub-and-spoke approach weโre seeing in suburban markets nationwide, and weโre excited to deliver yet more office options to local businesses and their employees.โ
Industrious Pike & Rose will join the 24-acre, transit-oriented neighborhood including over 40 tenants of thoughtfully merchandised retail space. The selection of restaurants (including Summer House Santa Monica, Fogo de Chao, &pizza, sweetgreen and Julii), retailers (including REI, Sephora, L.L.Bean and Sur La Table, Uniqlo), a state-of-the-art Porsche dealership, and unique entertainment offerings (iPic Theaters, Pinstripes and AMP by Strathmore) have created a one-of-a-kind retail environment. The neighborhood is fully enhanced by the offerings of 99 luxury condominiums and penthouses uniquely positioned above Canopy by Hilton, a 177-key boutique hotel; 765 luxury apartments; and a 17,000-square-foot rooftop farm. 909 Rose also features a dedicated suite of amenities available to Industrious members that include a fitness center with full-service locker rooms, multiple meeting areas, a cafรฉ with a lounge and pantry, bike storage, and a Wifi-enabled rooftop terrace.
โAs demand continues to grow for best-in-class coworking space in the DC-metro suburbs, Industrious is a welcomed addition to the Pike & Rose neighborhood,โ said James Milam of Federal. โThe reputation of Industrious, and its high-quality office product to the market is an ideal fit for 909 Rose, our trophy office building, and for business professionals who live and work in our community,โ continues Milam.
Industrious Pike & Rose is expected to offer 141 private suites, 11 conference rooms and 18 phone rooms. The building features contactless entry throughout the parking garage, lobby and elevators, and the Industrious space includes a leading HVAC system to meet enhanced health and safety standards. Additional information including building amenities and booking options can be found here.
Industrious provides places to work that are safe, comfortable, and private โ and are designed around peopleโs individual preferences and schedules. Around the country, past and present Industrious members include: Cisco, Lyft, Spotify, Heineken, Chipotle, Pinterest, and Salesforce.
About Industrious
Industriousโ private offices and suites โ the highest-rated workspaces in the industry โ provide the most sustainable option for companies to manage newly distributed teams for the long term. We make it easy to find an office that works for you โ even if you come in just once or twice a week. Recognized as one of Americaโs 500 fastest-growing companies in 2020 by Inc. Magazine, Industrious offers flexible terms and locations in more than 50 U.S. markets. For more information, visit industriousoffice.com.
About Federal Realty Investment Trust (NYSE: FRT)
Federal is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal’s mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 104 properties include approximately 2,900 tenants, in 24 million square feet, and approximately 2,800 residential units.
