A parking lot-turned-housing project is on deck for College Park, where the University of Maryland’s real estate arm is zeroing in on an $85 million development near its Discovery District.
The public parking lot near the College Park Airport and the College Park Aviation Museum borders Campus Drive next to the Junior Tennis Champions Center. The university’s 1.3 million-square-foot vision for what it’s calling Aviation Landing — named for its proximity to the historic airport, a former home base for the Wright Brothers — includes market-rate and affordable housing, retail, and commercial research space.
These renderings provide an early look at the future Aviation Landing in College Park, near the University of Maryland’s campus.
The next step, said Ken Ulman, Terrapin Development Co.’s president and UMd.’s chief strategy officer for economic development: Acquiring the property this spring from its owner, Prince George’s County. Ulman said the land price is being negotiated. Spokespeople for county didn’t respond to requests for comment.
The deal is not yet scheduled to go before the County Council, Ulman added, but will need to at some point.
