On September 14th developers will herald the groundbreaking of a new 283-unit, mid-rise apartment community in Hyattsville. Silver Spring-based Grady Management is working on the project - called 3350 at Alterra, near the Prince George's Plaza Metro station.
ceremony will be held at 10am on this Friday, celebrating the inaugural
launch, though developers have already demolished the low-rise buildings on site and begun work on the project. The apartments are, in theory, the first phase of a mixed-use, planned redevelopment of the rental complex called Belcrest Plaza with Contee Company (which owns all the land) that would have included massive office and retail components, as well as up to 2750 apartments. Land developers put together plans for the $600m development in 2008 for the 25-acre site, but a spokesman at Grady says there are no firm plans yet for the rest of the project.
The design will feature a group "earth-tone" brick and Hardiboard exteriors in a 4-story building that snakes across the site, and the developers are promoting the transit-oriented nature of the project with a gridded street plan for the new community. "Pedestrian and bicycle pathways/linkages to the Metro and between all of the buildings within the development are being designed to promote non-vehicular travel and encourage walkability," notes a press release. Developers hope to achieve a LEED rating with the project. Lessard Design is the chief architect of the project, completion is expected in mid 2014.
Hyattsville, MD real estate development news