Business View Civil & Municipal Apr-2023

122 CIVIL AND MUNICIPAL VOLUME 4, ISSUE 4 southern gateway to Historic Montgomery (the city’s downtown core), the new development will include 38,000 square feet of retail and restaurant space, 260,000 square feet of office space, 128 luxury apartments, 48 condominiums and a boutique hotel that will feature multiple event spaces and luxury guest rooms. “This is going to sustain Montgomery for decades into the future,” Riblet says. Phase one has seen wealth management firm Fifth Third Private Bank move in to anchor the office building, with Hellman Clothiers coming into the retail space. Four restaurants are on the docket with a Bru Burger location opening, as well as Latin food restaurant Livery, Kozue offering Japanese cuisine, and Kitchen Social. The final development will include 940 parking spaces located on the street and in two large parking garages. The hotel, to be called The Hotel Rambler, will be run by Tapestry by Hilton and is scheduled to open in July 2024, and the apartments and condos will be ready for occupation in June 2023. At the center of Montgomery Quarter is a new public park that will soon host some of the city’s many festivals, events, and concerts. Events are at the heart of Montgomery, with several signature festivals and parades held throughout the year, including a July 4 parade that lasts over an hour and a half, as well as a Bastille Day festival that brings out thousands to enjoy all the food and music the city has to offer. “I’m especially proud of the number of festivals and events that we have,” Margolis says. “They’re another opportunity for our residents to get together and meet each other.” As a small community, Montgomery has a few large employers – Bethesda North Hospital, Sycamore Community School District, and Constellation Insurance, but they primarily rely on small businesses to make up the fabric of Tracy Henao