Velocity and ARCTRUST are developing Hampton Park, a $250 million mixed-used development within an opportunity zone in Capitol Heights, Md., according to the development team.
When finished, the project will be located along the 214/Central Avenue corridor in Prince George’s County, and will include a hotel, a retail district offering 100,000 square feet of retail and restaurants, and a residential district with upscale amenities and interior courts.
The Hampton Park project is leveraging opportunity zone incentives, with the project aiming to revitalize the legacy communities located along the 214 Central Avenue corridor, on approximately 25 acres formerly known as Hampton Mall.
Click here to read the rest of the story written by Keith Loria over at Commercial Observer