Route 1 Reporter (https://route1reporter.com/tag/real-estate/page/2/)
Maryland Matters has the scoop on a controversial proposal to repeal a campaign finance law that restricts how developers can donate to County candidates, plus new recommendations for fire and EMS personnel responding to violent or armed situations, and a fatal crash shuts down Route 1 Saturday.
The developers behind the Hyattsville Armory Apartments have fleshed out architectural designs for the proposed mixed-use development in the city’s downtown Baltimore Avenue corridor. Hyattsville City Council got a rundown on the new details at is Jan. 22, 2019, meeting. City officials have so far been receptive to the project, but some City Council members noted reiterated during the meeting concerns about affordability, parking and impacts on local schools. The Hyattsville Armory developers, Washington, D.C.,-based Urban Investment Partners, want to build a 285-unit mixed-use apartment building with 32,000 square feet of retail space on the western edge of the 5300 block of Baltimore Avenue between the Hyattsville Armory Crossover Church and Hamilton Street.
A plan to redevelop four small office buildings on Hamilton Street in Hyattsville is gathering steam as developers have begun to file paperwork necessary to obtain approval from county officials to demolish the existing structures to build a six-story mixed-use development.
Leading the redevelopment project is D.B. Lee Development and Construction, a Washington, D.C.-based real estate development company behind such redevelopment projects as The Lofts at 2424 on 18th Street NW, The Erie in Adams Morgan, and Eden Condominiums on Champlain Street NW. It is currently developing a hotel and artist space at 411 New York Ave NE.
This past March, a subsidiary named Hyattsville Center Development LLC completed assembly of the properties at 4312, 4314, 4316 and 4318 Hamilton Street. They are located across the street from the northern facade of St. Jerome Catholic Church. This week, a natural resource inventory application was accepted for review by Prince George’s County Planning Department.
Mere months after being sold at auction, a dilapidated apartment building once owned by a recent College Park mayoral candidate has been sold at a big markup to a new owner, state property records show.
The property in question is 4619 College Ave. in College Park’s old-town neighborhood. It houses a small-ish, two-storey brick apartment building with several rental units. As recently as August 2018, the property was owned by Tom Chen, who unsuccessfully ran for mayor of College Park in 2017. Chen’s ownership of the property became a campaign issue during his 2017 mayoral candidacy after an article by The Diamondback newspaper highlighted complaints and code violations lodged against his properties in the city.
Greater Greater Washington dives into the economics of stadium subsidies, The Afro-American reports on Maryland’s new “red flag” law, Bisnow briefs the rising rents across the region and we take look inside Laurel Park’s new offering for gamers.
Required Reading is a simple, daily roundup of news coverage relevant to Prince George’s County and its Route 1 communities. In our Jan. 2, 2018, edition: Murders fall, property values rise in Prince George’s County, and a very old building lives along Route 1. All this and more:
Tax assessments rise dramatically in Prince George’s County – The Baltimore Sun
Murders drop dramatically in Prince George’s County – WTOP
Inside one of the oldest structures along Route 1 – Hyattsville Wire
Maryland takes steps to address climate change – Capital News Service
Legalizing marijuana, banning ‘ghost guns’ on to-do list for Md. lawmakers – WTOP
New laws take effect – WTOP
The Washington Redskins have called FedEx Field home since 1997. With the Redskins in Landover, Maryland, Prince George’s County hasn’t truly reaped the benefits other jurisdictions would see with a major league football team. As the 30-year lease slowly approaches in 2027, the Redskins are looking for a new place to call home. One potential new homesite in Prince George’s County, is Oxon Cove Park and Farm in Oxon Hill, Maryland. The 300-acre park sits just inside the Capital Beltway, across from the MGM National Harbor.
New owners considering a variety of redevelopment options for the site, but plans are not finalized.