Prince George’s County has an unmet demand for high-quality retail, while the Route 1 corridor — which includes the University of Maryland’s campus — is one of the most marketable regions in the county, according to a study published earlier this month.
The county could be getting an additional $1.4 billion from potential county retail business sales but isn’t, said Derick Berlage, chief of the county planning department’s countywide planning division.
But the unmet demand is due to a lack of upper-end retailers in the county rather than a shortage of retail spaces, said David Iannucci, the county’s assistant deputy chief administrative officer for economic development.
The region is particularly attractive to “tenants that prefer a young, educated market audience and urban or urbanizing locations,” encouraging fast and upscale fashion stores similar to Zara and Anthropologie, as well as grocery stores like Trader Joe’s to set up shop in the county.
Click here to read the rest of the story written by Jack Roscoe over at the Diamondback
