A Prince George’s County plot primed for nearly 1,300 residential units is now on the market.
NAI Michael brokers Barbara Richman Kahn, Michael Isen and Michael DiMeglio have been retained to market 38 acres at 1010 and 1100 Rollins Ave. in Capitol Heights, after the undeveloped land gained approvals for the potential development of 1,290 residential units and additional commercial development.
Richman Kahn said the owner, Metro City LLC, positioned the property as a development play, hoping to massively increase its value. Metro City LLC is controlled by Rockville-based Kushner Investment Ltd., which lists Neal Bobys and Lillian Hurowitz of Rockville and several family trusts as partners, and Rockville attorney Greg Friedman as incorporating agent, according to state documents.
“The landowner wanted to get it teed up and then sell it,” Richman Kahn said, noting they expect it to garner interest of large developers, but that the different elements of the project could be built by different companies.
