TOD Prince George's County Deck - Forefront Company

OPPOR DEVELOPMENT MIXED USE

PRINCE GEORGE’S COUNTY, MD

PROPOSED TRANSIT ORIENTED DEVELOPMENT 615K GSF MIXED USE LUXURY APARTMENTS

MEETTHETEAM

GEORGEVOMVOLAKIS

MICHAELJPERINE

PRINCIPAL & MANAGING MEMBER

Holding 25 years of experience and developed over 2M square feet of transit-oriented office, multifamily, retail and industrial properties over the course of his career ranging from $50M to $250M TDC per project.

MANAGING MEMBER & PRESIDENT OF CONSTRUTION

Possesses over 30 years of experience in large scale Type IA and Type IIIA construction, aggregating in excess of 15,000 units and $2 5B across all classes of apartment, student housing, and assisted living assets.

KATHERINEAGUILARSMITH

DIRECTOR OF ACQUISITIONS & INVESTOR RELATIONS

Over nineteen years of career experience in business management and commercial real estate. In charge of investor outreach and the syndication of the firm’s new multifamily value-add and ground up development investment opportunities.

KEVINMUNKITTRICK

VICE PRESIDENT OF CONSTRUCTION

Responsible for $347M+ of construction costs throughout his career and over 2200+ units in the Washington DC Metro Region alone. 25 years of experience.

LEEESMITHJR DIRECTOR OF MARKETING

With 30 years of experience in marketing & business development, this serial entrepreneur has founded numerous six and seven-figure enterprises and has driven over $80M in business development nationally and internationally.

NEW DEVELOPMENT COST

$142 MILLION

10 YEAR HOLD

FEDERAL OPPORTUNITY ZONE

The proposed 615,000 GSF, single phase, mixed-use development is planned on a 5 acre tract of land situated within ½ mile of the Hyattsville Crossing WMATA Station in Prince George’s County and located in the affluent market demographic range of the U of MD College Park Campus, 2 Metro stops from the location of the new FBI headquarters, within a federally qualified Opportunity Zone (the “Project”).

The Project will afford the residents of its 386 luxury apartment homes, on-site access to grocery and community retail, in addition to 10,000 GSF of new 2-story retail programmed in the Project, with outdoor dining located on the ground floor of the new 7-story mixed-use building.

The Project will be the only luxury multifamily project in the submarket with 5 levels of residential homes constructed completely overtop a two-story cast-in-place parking garage, providing 375 gated parking spaces. Specifically designed for the post-COVID Washington DC workforce, with a permanent part-time telework structure for most employees, a mix of studio, 1 bedroom, 2 bedroom, and 3 bedroom homes, are generously sized at an overall average of 900 SF, with approximately 40% of the units having balconies or private outdoor terraces.

With 32,000 SF of private outdoor amenity space located on the 2nd floor of the project and 31,000 SF of indoor amenity space, including an expansive 2-story lobby, 7K SF fitness center, 2-story co-working space, and private event space, the Project will have incomparable programmed amenities, allowing it draw renters from the upper tiers of the affluent households in Prince George’s County, which have an average annual income of $122,205, as well as renters from the University of Maryland, College Park Campus student demographic.

MARKET OVERVIEW

PRINCEGEORGE’SCOUNTY

PRINCE GEORGES COUNTY is located only 7.5 miles fro the Eastern Portion of Washington DC, it is the second State of Maryland. Prince George’s County is one of the counties.