Archstone/Smith plans 221-unit apartment development in Maryland

McLean, Va.-based REIT Archstone/Smith has broken ground on Rockville Town Center, a $19.5 million 221-unit apartment development in Rockville, Md.

The community features six 4-story apartment buildings that wrap around a multiple level parking garage. Individual units include high-speed Internet access, nine-foot ceilings and optional gas fireplaces in nine different floor plans. Recreational facilities include a luxury clubhouse with a pool, fitness center and media room.

The project is scheduled for completion in early 2004.

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