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Washington DC & Mid-Atlantic  + Retail  |  February 7, 2020
David Cohen
By: David Cohen

Plan for Redevelopment of Maryland’s Beltway Plaza Mall Moves Forward

Mall owner Quantum Cos. is moving forward with plans to redevelop the Beltway Plaza Mall in Greenbelt, MD. into a mixed-use project.

The 54-acre mall is located just inside the Beltway, less than two miles from the Greenbelt Metro station. Currently, the property consists of more than one million square feet of retail as well as two above-ground parking structures. Plans for the redevelopment call for the addition of 2,500 residential units, a reduction of retail to 700,000 square feet and the addition of 20,000 square feet of indoor recreational space. Residential units are slated to consist of a mix of rental and for-sale housing.

Current anchor tenants Target, Giant and AMC Theatres are expected to return following the redevelopment. Additional tenants at the property include Marshalls, Burlington, T.J. Maxx, Five Below and Planet Fitness.

In March of 2019, The Prince George’s County Planning Board approved conceptual plans for the project. A preliminary plan and subdivision is currently under review from the Greenbelt City Council.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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