Prince George’s County hopes to spur more development near the new hospital under construction at the Largo Town Center Metro station, and another project is now moving forward.
The NRP Group announced Tuesday it broke ground on a 260-unit apartment project. The developer brought on Willton Investment Group as its equity partner and received construction financing from Fifth Third Bank.
The project, branded as The Everly at Largo Metro, is being constructed near the interchange of the Beltway and MD 214, about a half-mile from the Largo Town Center Metro station. The developer filed plans in March and said it expects the project to deliver in 2021.
The development will consist of three buildings, with apartments ranging from one to three bedrooms. Its amenities will include a pool deck with fire pits and grills, a fitness center and a bike storage room.
The Largo Town Center area in 2021 will welcome the new $543M University of Maryland Capital Region Medical Center, a 600K SF facility that appears to be sparking development in the surrounding area. NRP Vice President of Development Josh Wooldridge called the hospital a “game changer” for the area. “Our community will be right there to provide housing for the mini-economic boom the hospital will create,” Wooldridge said in a statement.
Click here to read the rest of the article written by Jon Banister over at Bisnow