BermanCRE, as exclusive agent, is pleased to offer Glenwood Hills West (the “Property”), a 3.24-acre mixed-use opportunity zone development site approved for 224-units. Located along the Blue-Line Corridor and Central Avenue (MD-214) in Capitol Heights, Maryland, Glenwood Hills West benefits from convenient access to employment centers throughout the Washington, D.C. metro area.
Glenwood Hills West is part of a larger 130+ acre mixed-use development that will include apartments, townhomes, retail, and industrial uses. The West Building is planned to include 224 apartments, approximately 6,400 square feet of retail and 10,500 square feet of community and amenity space.
The prime location along Central Avenue and the Blue Line Corridor provides developers an opportunity to construct a highly visible community within walking distance of Addison Road Metro Station. Located just one-half mile (10 min walk) from the Addison Road-Seat Pleasant Metro Station, serving both the Blue and Silver Lines and providing convenient connection to Downtown DC and Northern Virginia employment centers.
The Property benefits from this location along the Blue Line Corridor which is a focal point for economic development for Prince George’s County and the State of Maryland which recently approved $400 million in funding and more than $700 million in privately led development. Additional incentives from Prince George’s County include a proposed PILOT Agreement providing a 75% reduction in County real estate taxes for a period of 15 years.