University of Maryland announces $110M mixed-use project

WCN Editorial Team 16 May 2016 NORTH AMERICA BUILDINGS

The University of Maryland has unveiled plans to redevelop several existing businesses into a mixed-use development.

The $110M project will feature 300 luxury apartments and will also serve and enhance the amenities available to a community of more than 50,000 students and university staff.

It involves collaboration between Bozzuto, Willard Retail, and the University of Maryland College Park Foundation, the entity that will acquire the property in early 2017.

Bozzuto president and CEO Toby Bozzuto said: "We are grateful to have been selected to develop this wonderful project with the University of Maryland College Park Foundation, the University of Maryland, the City of College Park, Prince George's County, and Willard Retail.

"The combination of our previous experience developing Monroe Street Market with Catholic University and the strength of our partners will create a community to complement the university's ongoing redevelopment efforts in downtown College Park. This is a rare opportunity to develop a project with transformative potential and we are proud of our stake in this extraordinary collaboration."

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