UPPER MARLBORO, MD-The Walton Group of Cos. ismoving quickly to put in place homebuilders for itsWestphalia Town Center here. It has inkedagreements with Mid-Atlantic Builders andHaverford Homes, following a deal signed with NVR in November.
Mid-Atlantic Builders and Haverford purchased 102 townhome lots,committing the remaining 204 of 348 lots. Walton's builderagreement with NVR is for 144 lots. These agreements withMid-Atlantic Builders and Haverford Homes complete Phase 1 with100% commitment for 348 homes.
The 479-acre Westphalia Town Center is the Scottsdale,AZ-headquartered company's first development in Maryland. Theproject also boasts as being one of the largest commercial realestate developments in Prince George's County to date. Westphaliawill have, once complete, single-family homes, townhomes,apartments, an elementary school, fire and rescue facility,shopping and restaurants, commercial office space, as well as ahotel.
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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.
