Former health club facility located directly across from the former Lakeforest Mall site, now owned by WRS Inc. Real Estate, which is nearing approvals for redevelopment to a 102 ac. mixed-use community. The health club building remains fully equipped and functional for a health club use, however is not operating as such at the present time. The property is presently zoned C-2 in the City of Gaithersburg, which allows for a multitude of “general commercial” uses, with a maximum building height of ten stories and a 1.5 FAR (90,648 sf). Per the City of Gaithersburg’s 2009 Land Use Element (Master Plan), the property is recommended for rezoning to the City’s CD (Corridor Development) zone. In addition, 700 Russell Avenue is located in a Qualified Opportunity Zone pursuant to the Tax Cuts and Jobs Act of 2017 (Public Law No. 115-97).