As Prince George’s County competes with other D.C.-area jurisdictions for office tenants, one major transit-oriented development is helping create a new hub of activity.
The 2.5M SF mixed-use development around the New Carrollton Metro station has already landed two full-building office tenants and is helping spur activity in nearby office parks.
The project is being developed by Urban Atlantic on Metro-owned land. Kaiser Permanente in 2017 signed on as the project’s first office tenant, and it has now moved employees into its new 200K SF office building. WMATA in April announced it plans to occupy a new office building of up to 300K SF at the New Carrollton development.
Also near the New Carrollton station, educational technology firm 2U in 2017 opened its new, 281K SF headquarters.
“It’s a marquee development,” Morning Calm Management CEO Mukang Cho said. “Whether it’s WMATA or Kaiser Permanente building density in the area, we think there’s going to be a trickle-down effect where you’ll start to hear about other developers or potential tenants eyeing this area as a hub.”
Click here to read the rest of the article written by Jon Banister over at Bis Now