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Sunday, March 25, 2007

UMd. rolls down Route 1

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The University of Maryland is spreading out from its campus in College Park to become the focus of major real estate projects in Prince George's County.

The university recently announced it has found a partner to develop about $600 million in new entertainment facilities, housing, offices and retail on its East Campus along Route 1.

The project joins the university's M Square research park, the University Town Center mixed-use complex, and the University View apartments and Northgate condos as additions to the county's 2002 Route 1 Sector Plan, which encourages development along College Park's main road.

The county and city of College Park approved the Route 1 Sector Plan after students and permanent residents complained about the lack of amenities and poor land use along Route 1.

The university's plans for its real estate are helping to transform Route 1 from a strip of fast-food restaurants and service stations to a hub of Prince George's County's economic development, county economic officials said.

The East Campus proposal would be the biggest development project in the university's history.

Although it is "a major project" for Prince George's County, it is not the last for the Route 1 corridor, said Kwasi Holman, president of the Prince George's County Economic Development Corp. "We're working with both public-sector entities as well as nonprofit organizations to revitalize Route 1," he said.

The University of Maryland is finding niches for development the same way Montgomery County discovered the biotechnology industry would help its economy, said M.H. Jim Estepp, president of the Greater Prince George's Business Roundtable, a business development organization.

"The potential for that in the future is very high," Mr. Estepp said.

The university also is attracting private developers that hope to find customers among the students and faculty.

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