Prince George's County targets housing and economic growth through RDA redevelopment initiatives

Prince George's County is gearing up for significant development projects that promise to reshape the local landscape and boost the economy. During a recent Planning, Housing, and Economic Development Committee meeting, officials unveiled ambitious plans for two major developments: a $500 million project featuring 1,300 residential units and a $82 million initiative aimed at creating 249 multifamily dwellings.

The first project, located on approximately 44 acres, will include townhomes, apartments, senior living facilities, and a hotel, alongside a vibrant 40,000 square foot retail space and a 70,000 square foot medical office. This development emphasizes public spaces, including a town square and bike trails, aiming to enhance community connectivity.

Meanwhile, the Aviation Landing project in College Park, spearheaded by Terrapin Development and partners, is set to transform underutilized parking areas into a bustling hub with retail and residential options directly across from the College Park Metro station. This initiative is currently in the due diligence phase, with the county providing support.

In addition to these developments, the Redevelopment Authority (RDA) highlighted its commitment to small business support through various programs, including down payment assistance and community impact grants. These efforts are designed to stimulate local economic growth and improve housing conditions.

The RDA is also focused on addressing affordable housing needs, recognizing that the county cannot tackle these challenges alone. Collaboration with regional partners is essential to ensure equitable growth and effective solutions to housing and transit issues.

As these projects move forward, they are expected to generate new tax revenues, create jobs, and enhance food access in the community, marking a pivotal moment for Prince George's County's economic landscape.