LAUREL, MD-Gould Property Co. and Forest City Washington, partners on the massive Konterra project in Price George’s County, have parted ways.
Deborah Ratner Salzberg, president of Forest City Washington, disclosed in an interview that the two companies were now operating on a “on a nonexclusive basis,” according to the Washington Post.
Gould, which owns more than 2,000 acres along I-95 here, and Forest City planned a 488-acre, town center project near the intersection of I-95 and the Intercounty Connector that called for 4,500 residential units, 5.3 million square feet of commercial, retail and office space, and 500,000 square feet of hospitality space.
Kingdon Gould III, of Gould Property, says the Konterra project is moving forward despite the break between his firm and Forest City. “We want to begin building organically into the town center, and we are beginning to do that with some housing and associated retail,” he says. See story in the Washington Post.