Real estate developer Poverni Sheikh Group LLC (PSG) has submitted plans to build a five-story self-storage facility with ground-floor retail in the Stonestreet Corridor of Rockville, Md. The property at 204 N. Stonestreet Ave. currently houses several structures including one used by a roofing and sheet-metal contractor. It’s unclear if the buildings would be demolished or incorporated into the new facility.
The plans include constructing a 55-foot-tall building with a cellar. It would comprise 102,347 square feet and include 650 storage units as well as 2,000 square feet for retail on the ground floor. The developer also plans to add a 5-foot-wide sidewalk, landscaping and benches. The façade would provide space to showcase the work of local artists to enhance the aesthetics of the area, according to the application.
“The development of the self-storage facility with ground-floor retail uses provides the first transitional use in this area, which will begin to bridge the gap from strictly industrial uses to a use which is compatible with a wider array of less intensive uses, including retail uses, office buildings and residential uses,” the application stated.
Although city officials have been working to revitalize the Stonestreet Corridor into a “main street” destination for pedestrians and cyclists, there has been little progress, officials said. The city launched a study a year ago to generate ideas to refresh the area.
Based in Baltimore, PSG specializes in the adaptive reuse of historic and distressed structures, according to the company website. It also provides brokerage, construction, development and property-management services. Its real estate portfolio includes mixed-use, multi-family and office properties.
Bethesda Magazine, Developer Pitches Rockville Self-Storage Facility Project as Kicking Off Stonestreet Transformation