Developer Plans 316 Apartments for Hyattsville; No ‘Affordable’ Units Planned


A rendering shows a planned 316-unit apartment building developers want to build near the Prince George's Plaza Metro Station.

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A developer plans to build a 316-unit mixed-use apartment building in Hyattsville near the Prince George’s Plaza Metro Station. 

The project comes from Perseus TDC, a Washington, D.C.,-based real estate developer. Representatives from the firm briefed Hyattsville City Council on the plans at their July 19, 2021, meeting. 

The developers have filed a detailed site plan application for the site, which must be approved by the Prince George’s County Planning Board. If all goes according to the developer’s timeline, construction could begin by July 2022, lasting about two-years. The building is planned to open for leasing June 2024. 

The plans call for a 310,000-square foot, eight-story building with 316 units. The building will be located near the northwestern corner of East-West Highway and America Boulevard in the University Town Center neighborhood. It is diagonally across-the-street from the entrance of the Prince George’s Plaza Metro Station. Nearly 80 percent of the units will be one bedroom or studio units – referred to as “junior” one-bedrooms by the developer – with roughly 80 units set aside for two-bedroom units. 

This is also the first major apartment complex to be proposed for the city since the city created an affordable housing tax incentive for developers. Freshman City Councilor Rommel Sandino asked if the developers planned to include any affordably-priced units in the building. Christopher Hatcher, an attorney for the developer, said no such plans were in the works. 

“As you know, the county has no obligation for affordable housing, no regulation. The city has no such regulations. We are not going for any public subsidy,” said Hatcher. “This is intended to be an entirely market-rate community that is entirely done by-right.”

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