Peterson Cos., a Fairfax real estate development company, has renewed its interest in building up to 500 multifamily units in several apartment buildings in the Rio Washingtonian shopping and entertainment center in Gaithersburg.
Meanwhile, Guardian Realty Investors won approval for a housing project with more than 400 units called Gateway Lakeforest, which calls for the redevelopment of two office buildings into one eight-story apartment building at the intersection of North Frederick Avenue and Lakeforest Boulevard.
In May, Peterson Cos. filed a schematic development plan for the Rio Residential project with the city of Gaithersburg. The plans call for a total of 43,000 square feet of residential development across four buildings located throughout the Rio Washingtonian Center at 9841 Washingtonian Blvd. Peterson Cos. owns the Rio lakefront area as well as a 440,000-square-foot shopping, dining and entertainment development in downtown Silver Spring…