Groundbreaking News: Prince George’s County, MD has several major development projects currently under construction or expanding with both retail and commercial office space available.
Greenbelt Station Town Centre
This $1 billion project will be located at the Greenbelt Metro station on the Capital Beltway. The site will feature mixed-use residential/retail/commercial space with 2,200 upscale residential units and a 1.1 million square foot retail and entertainment center.
This 24.5-acre mixed use project is located adjacent to the Capital Beltway along Central Avenue near the site for the new Regional Medical Center. The redevelopment project will consist of 600 multifamily units, 135,000 square feet of retail, 125,000 square feet of office and a 250-room hotel.
Konterra is a $1.75 billion mixed-use development to be built on 2,200 acres, with upscale retail, research, and technology campuses along with a 200-acre Konterra Regional Mall, business campus with 1.4 million square feet of building space, more than 1000 single family homes, and 348 acres reserved for a governmental, educational, or corporate facility.
Largo Town Center/Boulevard at the Capital Centre
The Boulevard at The Capital Centre is conveniently located in Largo, MD, adjacent to the Largo Metro station. The shopping center is planned for a major redevelopment to accompany the $543 million University of Maryland Capital Regional Medical Center that is under construction next to the shopping center. The owner of the shopping center, RPAI, is planning to replace the current movie theater with a new state-of-the-art movie theater, add a medical office building, a park, new upscale restaurants, more retail stores, and a hotel.
Natural Gas Electric Power Plants
The PSEG Keys Energy Center and Panda Power Funds are two natural gas electric power plants being constructed in the Brandywine area. With a cost of approximately $2 billion, the two plants will supply the power needs of 1,490,000 homes.
The National Harbor is the largest development project in the County with 7.3 million square feet of space. Included is the Gaylord National Resort and Convention Center, with 2,000 hotel rooms and 470,000 square feet of convention area. Additionally, the area has 2,300 other hotel rooms; 1 million square feet of office buildings, retail, and entertainment; 2,500 residential units; 4 piers and two marinas. Most recently the $1.4 billion MGM Hotel, Resort & Casino opened in December 2016 and was expanded in 2018. Approximately 70 acres are still available for development.
New Carrollton Mixed Use Development
A 49-acre development project is underway adjacent to the New Carrollton Metro/MARC/Amtrak station. A 176,000 square foot office building with a parking garage is under construction for Kaiser Permanente of the Mid-Atlantic’s administrative and information technology operation. The project will also include 1,500 residential units, 1.1 million square feet of retail space and a 200-room hotel.
A $2 billion 16-mile light rail transit system with 21 passenger stations in under construction. The Purple Line will extend inside the Capital Beltway from New Carrollton in Prince George’s County to Bethesda in Montgomery County. There will be 11 passenger stations in Prince George’s County connecting central business districts and Metro and MARC stations.
Riverdale Park Station
This 36-acre mixed use project is located on Baltimore Avenue near the University of Maryland – College Park. It is home to the County’s first Whole Foods grocery and will contain 981 residential units, 165,000 square feet of retail space and 22,600 square feet of office.
The Shops at Iverson
A $30 million renovation is underway at the 648,786-square foot retail and office center. The property sits on 20 acres and has the potential to become a true mixed-use town center. Primary initiatives are to attract nationally recognized tenants including a grocer, up to a dozen national restaurant brands and additional office tenants.
South Lake is a 382-acre mixed use project in Bowie, MD. It will have 1,476 residential units, 675,000 square feet of commercial space and 382 hotel rooms.
Towne Square at Suitland Federal Center
This $500 million mixed use project in Suitland will have 2 million square feet of space including 894 residential units, 125,000 square feet of retail space, and a 50,000 square foot cultural arts and technology center.
University of Maryland Capital Region Medical Center
The $543 million 205 bed teaching medical center is under construction on 26 acres adjacent to the Largo Metro station and the Boulevard at the Capital Centre.
University of Maryland Discovery District
The Discovery District encompasses more than 150 acres, located between the University of Maryland College Park and the research-rich and metro accessible M-Square research park along River Road. It will be the epicenter of academic, research, and economic achievement and will strengthen existing research partnerships, retain a pipeline of talent locally and offer more experiences for residents, faculty, staff and students. Featuring attractions like The Hotel at the University of Maryland and a unique food, arts and entertainment experience, Discovery District will be a hub of activity.
Westphalia Town Center
Phase 1 of the project has begun with development of 110 acres of the 310-acre site to include 747 residential units, 500,000 square feet of retail space and 150 hotel rooms. The total development is expected to comprise 1,729 residential units, 533,759 square feet of retail space, 2.24 million square feet of office space, and 600 hotel rooms.
Woodmore Towne Centre
Located in Glenarden, MD, between I-495 and Route 202, this project has more than 700,000 square feet of retail space, a hotel, and 900 single-family homes, including condominiums and townhouses. The site is anchored by Wegman’s Grocery Store.