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Project Owner: RPAI

Company HQ: Oak Brook, Illinois

Project Location: Gaithersburg, Maryland

Project Size: 258,000 sq. ft. of retail space

Project Status: Open and operating

Company Website:

Downtown Crown is a Class A mixed-use project located in the Washington, D.C., MSA, and features approximately 258,000 sq. ft. of retail space that is owned and managed by RPAI. The property will also feature a 180-acre Crown community, which is expected to include more than 2,200 residential units upon completion.

Downtown Crown’s owner, Retail Properties of America, Inc., is a self-managed REIT focused on the acquisition, development and management of strategically located retail assets. As one of the largest owners and operators of shopping centers in the United States, RPAI has a diversified mix of assets, including power centers, community centers and lifestyle centers. The company has approximately 16.4 million sq. ft. in its Eastern Division with about 6.8 million sq. ft. in the target markets of New York Metro, Washington D.C./ Baltimore, Atlanta and Chicago.

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