Peterson hits refresh on MoCo shopping center with $30M facelift. And Silver Diner’s along for the ride.

RIO

Peterson Cos. is stepping up its shopping center game in Gaithersburg.

The Fairfax-based developer and its tenant partners are in the midst of spending more than $30 million on a facelift of the 716,000-square-foot Rio Washingtonian Center off Interstate 270.

Peterson’s plans include a slate of new restaurants including a 5,000-square-foot Silver Diner, a renovated AMC movie theater, additional outdoor seating areas and an expanded boardwalk surrounding the property’s 9-acre lake.

When the renovations are complete by 2020, visitors will find a shopping center with a whole new look.

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