UMd Snatches up Real Estate along Route 1

MV+A Architects

The University of Maryland is ready to make College Park the college town that will keep students and faculty around, starting with a shopping spree for real estate along Route 1, reports The Washington Post. University president Wallace D. Loh wants to take advantage of the urban living and create a safe, upscale main street that connects the campus with the town. Looking to other urban schools like the University of Pennsylvania and Yale, Loh brought in private consultant Omar Blaik and former Howard County executive Ken Ulman, and through a private foundation, the university has already scooped up or leased more than $20M in commercial properties. Plans include a 276-room hotel with four restaurants, and ArtHouse, an establishment at the site of shuttered bar the Barking Dog to host live music and film screenings. [WaPo]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Suburban D.C. County Weighs Microhousing As Affordability Salve

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Salesforce Plans Innovation Hub Downtown: The D.C. Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Master Plan Is Underway For Southwest D.C., Chief Federal Planner Says

BXP Execs See Better Returns In Building Offices Than Buying Them

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran