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Hyattsville Commercial Real Estate

Wednesday, February 20, 2013

Hyattsville Council Weighs in on Kiplinger Rezoning

Council to send letter outlining concerns, conditions for support to county planners.

After three meetings, the Hyattsville City Council finally weighed in on a proposed rezoning of the Kiplinger property which would open up the area to a high density, mixed-use, transit oriented redevelopment in the future.  The city council unanimously approved a motion to send a letter to the Prince George's Planning Board of the Maryland National-Capital Area Parks and Planning Commission outlining concerns and a series of provisions upon which the city council's support of the rezoning would be predicated.  The letter states that the city believes there will be a significant impact on local schools if the property is redeveloped as depicted in conceptual site plans submitted with the rezoning application, and asks future developers to …

Tuesday, May 15, 2012

Update: UTC Towers Sold Back to Lender

High rise complex, assessed at $65 million, to be sold on courthouse steps today.

Update - 2:30 p.m. - The Towers at University Town Center will likely be bought back by the mortgage lender, Delaware based ML-CFC Commercial Mortgage Trust 2007-8 LLC, following a quick auction outside of the Prince George's County Circuit Court in Upper Marlboro earlier this afternoon.  The complex was purchased for $39.15 million, the opening bid. Though a small group of potential buyers had gathered for the auction, none placed any bids higher than the opener.  Though ML-CFC owns the winning bid, the purchase still has to be finalized by the circuit court before it becomes official.  Original article:  If you're looking for a bargain on a high-rise housing complex, then today might be your lucky day.  The massive, 244-unit, 910 bed …

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Neighbor

5:06 pm on Tuesday, May 15, 2012

And, I don't know where you think this development is, but there are no liquor stores or yoga studios, pet stores, or bakeries in PG plaza. I don't know if you've been paying attention to local news regarding development, but TOD is hot, and walkable communities are the future. Cafritz? Belcrest Development? Arts District? Landy Property? Any of that ring a bell?   more ›

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