Rockville’s Federal Plaza Shopping Center eyed for mixed-use upgrade

Federal Realty Investment Trust (NYSE: FRT), a Bethesda-based REIT, is in the early stages of plans to redevelop part of Federal Plaza Shopping Center in Rockville into mixed-use. The 6.5-acre parcel, dubbed Federal Plaza West, comprises the western part of the shopping center. It’s located at 1776 E. Jefferson St., a little over a mile north of the Red Line’s White Flint Metro station. It’s currently occupied by a retail building, which an application document says is “mostly vacant,” but which Federal’s website lists as home to Micro Center, an electronics store, TJ Maxx, Planet Fitness and Dollar Tree.