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The Northern gateway District 2 December 15, 2016.

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Presentation on theme: "The Northern gateway District 2 December 15, 2016."— Presentation transcript:

1 The Northern gateway District 2 December 15, 2016

2 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?

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

4 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

5 Singer Building Redevelopment

6 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 Broke ground October 2016

7 Plumbing Building Redevelopment

8 Plumbing Building Redevelopment

9 Plumbing Building Redevelopment

10 Redevelopment Authority of Prince George’s County
9200 Basil Court, Suite 504 Largo, MD 20774 Howard Ways, AICP Executive Director ment-Authority Follow and "like" the Redevelopment Authority of Prince George’s County on Facebook


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