NEW CARROLLTON, MD—Metro's real estate committee approved on Thursday an outline of a 2.7-million-square-foot mixed-use project to be developed on land surrounding the New Carrollton station here.
The revised plan being advanced by development team led by Forest City Washington and Urban Atlantic of Bethesda, MD, could begin construction in early 2016, according to the Washington Post. Previously, the developer had hoped to land the headquarters for the state of Maryland's housing agency, but the state wound up choosing another site nearby.
The first phase would include a four- to six-story apartment building of 260 units with 13,000 square feet of retail at the current site of a parking lot on Garden City Drive. At full build-out the mixed use plan calls for about half of the nearly 3 million-square-foot project being earmarked for residential development.
Metro's director of real estate and station planning Stanley Wall says that after the bid to secure the state's housing agency failed, “the developer, the state and Metro went back to the drawing board to completely revamp the vision.” See story in the Washington Post.
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