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Metro has hired a new head of real estate as it pursues a series of transit-oriented developments across the D.C. area.
The transit agency announced Monday it hired Liz Price, who previously served as executive director of Urban Land Institute's Washington chapter, as vice president of real estate and parking. She plans to begin the role on Sept. 27.
Price's hire comes after Nina Albert left the role in July when she was appointed Public Buildings Commissioner for the General Services Administration. Nia Rubin has served as acting vice president since Albert's departure.
ULI Washington said Monday it will begin a search for Price's replacement, which it aims to complete by January. ULI Senior Director Margit Nahra, a former lawyer and high school teacher, will serve as acting executive director in the meantime.
Prior to joining ULI in 2019, Price worked as director of public-private partnerships for Hoffman & Associates, the developer behind D.C. megaproject The Wharf. She previously led the NoMa Business Improvement District as its first president from 2007 to 2011, and before that she worked for the Anacostia Waterfront Corp. and in the Office of the Deputy Mayor for Planning and Economic Development.
Price will lead Metro's efforts to launch partnerships with developers to build projects on underutilized land next to its stations. The ongoing initiative received a boost in June when Amazon committed $125M in below-market loans to fund Metro-adjacent affordable housing projects through a partnership with the transit agency.
Metro has new transit-oriented developments underway or planned near the New Carrollton, Grosvenor-Strathmore, West Falls Church, Takoma, College Park, White Flint, West Hyattsville and Bethesda stations. Albert said at a Bisnow event in April that Metro aims to achieve 20 joint development agreements over the next decade.
The agency is also building a new headquarters for itself at the L'Enfant Plaza station, where it plans to move from its longtime Chinatown home next year, and it is building regional office hubs in Alexandria and New Carrollton.
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