Saks Fifth Avenue OFF 5TH and Federal Realty Investment Trust open new 40,000 s/f store in Rockville, MD

shopping center. Expected to open Fall 2016, the new 40,000 s/f store will feature a carefully edited assortment of luxury designer fashion, footwear, and accessories for men and women all at up to 70% off. "We are thrilled to introduce our brand, our incredible merchandise selection, and our amazing prices to the Rockville area with the opening of our Congressional Plaza store," said Jonathan Greller, president of outlets, HBC. "This new store will be centrally located on Rockville Pike, one of the most desirable shopping corridors in the entire Washington DC metropolitan market, and is an exciting addition to our off-price business across North America." With new arrivals shipped to the store nearly every day, customers will discover fresh and exciting merchandise, including coveted up-market labels and one-of-a-kind designer finds, for both men and women. For additional OFF 5TH shopping benefits, customers may sign up for the More! program on saksoff5th.com. Rewards include insider access to exclusive discounts, new arrival alerts, and more. Acquired by Federal Realty in 1965, Congressional Plaza is a regional mixed-use destination that includes 328,000 s/f of retail, 50,000 s/f of office and 194 rental residences.  The addition of Saks Fifth Avenue OFF 5^th comes on the heels of a series of endeavors by Federal Realty to continually improve Congressional Plaza and adapt to the changing needs of the community.  In 2014, Federal Realty completed a comprehensive renovation of The Crest at Congressional Plaza, a 146-unit apartment community to modernize the units and amenities.  More recently, Federal Realty developed The Stories, a 55+ adult community comprised of 48 inspired, luxury apartments.  Scheduled to open Spring 2016, The Stories is a first-of-its-kind residential solution designed to cater to the aging population in the area who are seeking a high-end luxury living experience focused on the overall well-being of it residents. "Montgomery County, Maryland has changed dramatically over the past 50 years and the evolution of Congressional Plaza has evolved right along with it to ensure the community is properly served. The addition of Saks OFF 5TH and our other new additions further authenticate Congressional Plaza as a vibrant mixed-use centerpiece for Rockville Pike with living, working, restaurant and retail options second to none," said Chris Weilminster, executive vice president, real estate and leasing, Federal Realty Investment Trust. Additionally, Federal Realty is making significant capital improvements to expand the connectivity between the retail, offices and residences.  This includes adding walkways and landscaping, updating the facade and signage, and creating a new outdoor cafe seating area for everyone to enjoy. Congressional Plaza is also now home to Beer and Wine Cellar, a friendly neighborhood beer and wine store, and Chop't (opening soon).