etail Properties of America, Inc. (NYSE: RPAI) (the “Company”) today announced that it is planning on commencing construction on the first building at Carillon, its mixed-use development located in Largo, Maryland. Construction on The Ella, a 125,000 square foot medical office building, will begin in the second half of 2021. The Ella is a Class-A medical office building that will be developed with a patient-centered design and efficiency optimization focus, while benefiting from direct adjacency to the state-of-the-art University of Maryland Capital Region Medical Center.
The Ella will be located approximately 300 feet from the University of Maryland Capital Region Medical Center’s entrance and will offer walkable access to the Largo Town Center Metro Blue and Silver lines, on-site surface parking, and easy access to the Capital Beltway. The increase in demand for medical office space has generated significant interest in the project, and the Company is in active negotiations with prospective tenants.
“The Ella at Carillon will offer healthcare providers unparalleled access to an underserved patient population in a market with a shortage of outpatient care facilities,” stated Craig Friedson, assistant vice president, development at RPAI. “The Ella marks the first vertical development at Carillon, which will build on the momentum of the University of Maryland Capital Region Medical Center’s opening and the vision of making Largo the heart of Prince George’s County.”
Click here to read the rest of the article over at PR News Wire
