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Washington DC  + Baltimore  + Student Housing  | 

Greystar’s U. of Maryland Project Nears Approval

Prince George’s County is nearing approval of Greystar’s proposed 343-unit apartment building in College Park, immediately adjacent to the University of Maryland, the Baltimore Business Journal reported. A county planning board hearing on Greystar’s application is scheduled for Thursday.

The units in the nine-story building will be geared toward the University of Maryland’s student population. The development would also include 23,847 square feet of ground-floor retail.

In its application, Greystar describes the project as a “transformative opportunity along the southern edge of the University of Maryland Campus.”

Greystar is no stranger to student housing in College Park, the Business Journal reported. The Charleston, SC-based developer partnered with Rockpoint Group in 2018 to sell a 507-unit student apartment complex for $235 million. The CBRE team that represented the sellers in the deal called it the “largest ever single-asset student trade in the United States.”

Rendering courtesy of WDG Architecture.

Read more at Baltimore Business Journal

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

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