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November 24, 2024https://wtop.com/lifestyle/2024/11/starting-a-small-business-is-hard-exiting-can-be-even-harder-but-planning-early-is-the-key/
November 24, 2024Prince George’s County has selected the developer for a new arts-focused, mixed-use project in Suitland.
The county selected Bethesda-based Urban Atlantic to execute the project, redeveloping the Creative Suitland Arts Center off Silver Hill Road into 200 mixed-income units, an arts center and food hall.
“This development will not only provide affordable, artist-friendly housing but also create a dynamic space where creativity, culture, and commerce can flourish together,” Prince George’s County Executive Angela Alsobrooks said in a statement.
“By prioritizing community-centered design and walkability, we are investing in the future of Suitland, strengthening its role as a hub of innovation and opportunity for residents and visitors alike,” added Alsobrooks, who was elected to the U.S. Senate last month.
The development is planned to house a 12K SF Creative Suitland Arts Center with a black box and artist studios. The 13K SF food hall is intended to serve as an incubator for Prince George’s County-based businesses. Twelve of the units will be set aside for artist studios for households earning at or below 60% of the area median income.
Urban Atlantic was selected after the county issued a request for proposals for the site. It is also the developer behind a 3M SF mixed-use project at the New Carrollton Metro station, the first 2M SF of which is complete and includes offices for Kaiser Permanente, Washington Metropolitan Area Transit Authority’s Maryland headquarters and 573 housing units.
LEASES
Law firm Nixon Peabody renewed its 43K SF lease in the heart of Chinatown, its landlord, Brookfield Properties, announced this week. The firm is located at Brookfield’s 799 Ninth St. NW, a 204K SF property built in 2012. The building is 100% electric, and by the end of this year, it will be powered by 100% zero-emissions electricity sourced from nuclear power plants, according to Brookfield.
JLL’s Doug Mueller, Evan Behr and Thomas Myers represented Brookfield, and Newmark’s Bill Anderson and Edwin Clark represented Nixon Peabody.