The Northern gateway District 2 December 15, 2016

Does the owner want to sell or redevelop the property? Keys to Redevelopment Does the owner want to sell or redevelop the property? Is there an approved community plan? Is the appropriate zoning in place? Is there substantial market demand? Can the developer provide the necessary financing?

Role of the Redevelopment Authority Acquire property Test market demand Issue RFPs to select developers Assist with zoning approvals Provide development financing

Singer Building Redevelopment Purchased three vacant buildings (negotiated purchase and mortgage foreclosures) Issued RFP Selected Menkiti Group as developer (September 2014) Broke ground July 2016

Singer Building Redevelopment

Plumbing Building Redevelopment Purchased the vacant property Issued RFP Selected Landex as the developer (April 2013) Purchased the two adjacent properties Demolished existing buildings February 2015 Broke ground October 2016

Plumbing Building Redevelopment

Plumbing Building Redevelopment

Plumbing Building Redevelopment

Redevelopment Authority of Prince George’s County 9200 Basil Court, Suite 504 Largo, MD 20774 301-883-5300 Howard Ways, AICP Executive Director hwways@co.pg.md.us http://www.princegeorgescountymd.gov/865/Redevelop ment-Authority Follow and "like" the Redevelopment Authority of Prince George’s County on Facebook