Mixed-Use Project Takes 1st Breath
Thursday, June 12, 2008
Ground was broken last week on a $500 million, 245-acre mixed-use development in Glenarden that is expected to create thousands of jobs.
Terry Richardson, executive vice president of project partner Petrie Ross Ventures, said construction will begin on Woodmore Towne Centre at Glenarden within two weeks. The development, behind St. Joseph Catholic Church near St. Joseph's Drive, will feature 2 million square feet of retail, including a Wegmans supermarket, a Costco and a Best Buy, and will bring in more than 6,000 jobs, he said.
The project, a combined effort of Greenberg Gibbons Commercial, Hovnanian Land Investment Group and Petrie Ross, is expected to be complete by spring 2010.
County Executive Jack B. Johnson (D) said he was excited that Annapolis-based Petrie Ross, which also developed Largo Commons and the Centre at Forestville, chose Prince George's County once again for its project. Petrie Ross Chairman Walt Petrie said the retail operations at the center are expected to bring in $30 million a year in sales tax revenue.
Glenarden Mayor Gail Parker Carter said the high-end retail presence, particularly Wegmans, is a highlight.
"It's new to the area, first of all; secondly, it's upscale," Carter said. "I just think the citizens are happy that something of this level is coming to Glenarden."
Richardson said Petrie Ross will build 1 million square feet of office space and 800,000 square feet of retail space, while K. Hovnanian Homes will build 1,000 residential units, including single-family houses, townhouses and apartments. Richardson said there will be $10 million in road improvements, including widening Route 202 and St. Joseph Drive and adding turn lanes.
Business partners Kareem Abdus-Salaam and Bill Youngblood of Woodmore Hospitality Management will develop and manage two chain hotels, which Abdus-Salaam declined to name because details are still being worked out. He said that one will be a full-service hotel with a conference center and that the second will offer limited service.
Abdus-Salaam said the opportunity to "live, work and play at one place" drew him to the project.
"It gives you a central place, a sense of identity in Prince George's County," he said.