HYATTSVILLE, MD—Echo Realty and The Bernstein Cos. have broken ground on The Gateway at University Town Center, a 3.5-acre grocery-anchored mixed-use project here that will be anchored by a 54,400-square foot Safeway supermarket. There will also be an additional 29,000 square feet of retail and medical office use.
The project is located at the intersection of East-West Highway and America Boulevard. It will serve as a "front door" to University Town Center, a sprawling development in which Bernstein Cos, is active and that is home to more than 1.5 million square feet of office, two residential condominium towers, one 900-bed student housing tower and approximately 125,000 square feet of retail space anchored by a 67,500 square foot Regal Cinema.
Other tenants in the two-story The Gateway at University Town Center include 10,000 square feet of a soon-to-be-announced medical center. Also, a 9,000 square foot two-story building will house Unleashed by Petco at street level and Phenix Salon on the second level.
Facchina Construction Co. is the site work contractor at The Gateway at University Town Center. ECHO will be selecting the general contractor for the shell and interiors portion of the project in the next couple of weeks. It is scheduled to open in November 2015.
The Gateway at University Town Center has received project financing from the Bank of America as well as a $3.5 million public subsidy package.
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