Metro Offers 8 Development Sites For Sale Across D.C. Region
Want to get a jump-start on upcoming deals? Meet the major D.C. players at one of our upcoming events!
D.C.'s transit agency is looking to generate new revenue by selling a series of properties it owns throughout the region to developers.
- A 6-acre site next to the Whole Foods-anchored Riverdale Park Station development along Route 1 in Prince George's County. The site is within a mile of the College Park Metro station, and Riverdale Park will have a stop on the future Purple Line.
- A 39-acre site directly adjacent to the Southern Ave Metro station in Temple Hills, Maryland.
- A 3-acre site roughly a half-mile from the Largo Town Center Metro station and near the new regional medical center project.
- A 2.3-acre site next to the Glenmont Metro station in Silver Spring.
- A 0.9-acre site near the Branch Avenue Metro station in Suitland, Maryland.
- A 0.7-acre site roughly a half-mile from the Van Dorn Metro station in Alexandria.
- A 0.4-acre site within a quarter-mile of the Takoma Metro station in Northwest D.C.
- A 7,355 SF site at 1100 Park Road in Columbia Heights. The site is within a half-mile of the Columbia Heights Metro station and is also used as an unofficial dog park by the neighborhood.
The agency is working with NAI Michael to market the properties for sale. In addition to the eight for-sale properties, it is also offering developers the opportunity to ground-lease a 0.9-acre site next to the Glenmont Metro station. Metro also announced in September it is looking for developers to partner on a 12-acre project next to the Huntington Metro station in Fairfax County, and it has projects in the works next to the Grosvenor and College Park Metro stations in suburban Maryland.
“Our riders want affordable, cost-effective public transit, and to do that, we need to find new sources of revenue and efficiencies,” Metro General Manager Paul Wiedefeld said in a release. “We are turning over every stone, looking at all of our assets to get the most out of every dollar and ensure continued financial stability.”