Woodmore Towne Centre

http://www.petrieventures.com/lease-woodmore.html#
http://www.ggcommercial.com/projects/woodmore/woodmore.html

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Project Summary
"Wegmans will anchor this new, to be built from the ground up +245 acre mixed-use development that will include retail, residential, hotel and office. A joint development of Petrie Ross Ventures, Greenberg Gibbons Commercial and Hovnanian Land Investment Group."

Location
"Conveniently located in Landover, Maryland at the interchange of I-495 and Rte. 202 in Prince George's County with over 1,000 feet of frontage on the Capital Beltway / I-495."

Status
Groundbreaking Summer 2007 and projected opening late 2008

Quick Facts,


1,000,000 square feet of Office
688,663 square feet of retail
Two Hotels, 1) 120 rooms, 2)240 rooms with 32-45,000 square foot conference center
921 Residential units in the form of mid-rises to townhouses



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PG County is my hero. They're championing Maryland's economic development and making the greatest strides in urbanizing the inter-city region (between DC and Baltimore).

-MoCo Resident

Hey, not bad! A lot of surface parking for my liking, but that can be remedied in the future. 1 million square feet of office though...that's great!

Is that thing really supposed to begin construction this year?

I believe so, Petrie Ross Ventures, Greenberg Gibbons Commercial and Hovnanian Land Investment Group has a pretty good track record. They have already started Annapolis Towne Centre at Parole.

Prince George's County gov has already touted this project on their website and TV advertising plus the fact that the developer already has 2 of the 3 anchors lined up (Wegmans and Costco) is a good sign.

I'm always cautiously optimistic about these projects though, some never fail to cut back on the office component and replace it with what we don't really need (residential). When the office components break ground then I will cheer.