New Carrollton could be next growth market in the D.C. area
The Washington Metropolitan Area Transit Authority and Maryland Department of Transportation are looking for partners to help develop a 5.5 million-square-foot project on 39 acres near the New Carrollton Metrorail, Amtrak and MARC stations. The site, part of which is owned by the state, is adjacent to the Internal Revenue Service building at New Carrollton.
The project would be the first of its kind in Prince Georges County where transit-oriented development at the countys 15 Metro stations has lagged behind other jurisdictions in the region.
Two other projects in the county are currently on hold: a joint development project at Hyattsville is stalled due to the poor economy and Metros project near the Greenbelt station is currently mired in litigation.
The New Carrollton project involves a mix of uses, including up to 2.5 million square feet of office or other commercial space and 3,000 residential units.
Gov. Martin OMalley announced in June a series of efforts aimed at bolstering development near the states MARC and Metrorail stations. One offered additional planning money for projects and infrastructure improvements and the other designated priority stations. The New Carrollton, Naylor Road, Branch Avenue and Laurel MARC stations in Prince Georges are all on the priority list.
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