Thursday, August 24, 2006

Developer To Break Ground on a $70m Development in PG County

Dawn Limited Partnership has announced it is ready to break ground on a $70 million development project in Prince George’s county. Located near the Addison Road Metro Station, plans for the project include "luxury" condominiums, retail and restaurant space. The site is part of Prince George’s County Addison Road Metro Town Center Development Plan. (and for those of you who are desperate for yet one more acronym, try: PGCARMTCDP…for those of you were English majors: think of it as a pop grammar quiz).

Jack Johnson, Prince George’s county Executive, called the project a winning investment for the people of PG County and cited it as an example of "smart growth" in the Capitol Heights community because of the link between the condominium-based development and the Metro system.

"Transit-oriented development," said Johnson, will provide easy access to Metro lines, retail and dining, "right where people live."

The ICON condominiums will be located at the intersection of Addison Road and Central Avenue, at the Addison Road Metro Station. The project consists of 400,000 square feet of residential, retail and commercial property, including 170 "luxury" condominium units, 25,000 square feet of commercial space, fitness center, business and media centers, a recreation lounge, and a roof-top swimming pool and picnic areas. Construction of the condominiums is expected to be completed by Summer 2008.

Proponents of Smart Growth view projects like the ICON Condominiums as beneficial to the community. These multi-use developments reduce congestion in and on the infrastructure by connecting housing to Metro stations which can reduce the amount of automobile traffic on freeways.



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