COLLEGE PARK, MD—Monument Realty broke groundon a new project here—Monument Village at CollegePark, a 235-unit apartment building located at BaltimoreAve. and Cherokee Street just north of the University of Maryland.It is the company's first multifamily groundbreaking in PrinceGeorge's County but the company has hopes there will be "many moreto come" in the submarket, according to principal MichaelDarby.

The building will have a range of amenities including a pet spa,zen garden, bicycle storage and repair room, fitness center and anoutdoor pool and grilling area. There will also be 4,800 squarefeet of ground floor retail.

The project is expected to deliver in early 2016. It wasdesigned by The Preston Partnership and will be constructed by TheJames G. Davis Construction Corp.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.