Federal Realty Investment Trust succeeds with NU projects

Federal Realty Investment Trust appears to be succeeding with its new urbanist projects in the Washington, DC, area. Bethesda Row, which includes 340,000 square feet of shops, offices, and restaurants in downtown Bethesda, Maryland, is 99.6 percent leased, according to the Washington Post. Pentagon Row, a joint project with Post Properties in Arlington, is 85 percent leased (construction is not scheduled for completion until 2002). Pentagon Row has 300,000 square feet of retail and 500 apartments.