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Washington DC & Mid-Atlantic  + Maryland  + Finance  |  June 28, 2024
Emily Fu
By: Emily Fu

NAI Michael Cos Breaks Ground on $1.3B MXU in Bowie 

NAI Michael Cos. has commenced construction on the $1.3 billion South Lake development in Bowie, Maryland, Washington Business Journal reported. This 3.6 million-square-foot mixed-use project will feature 1,600 residences and a $400 million commercial component, South Lake Marketplace, adjacent to Liberty Sports Park. The sports park draws 344,000 attendees annually.  

South Lake Marketplace will include a Giant supermarket, two hotels, and an indoor sports facility. The first hotel, a Home2 Suites by Hilton, is set to start construction soon, with the full marketplace buildout expected by mid-2026. South Lake has received $32.6 million in tax increment-financed county bonds issued in 2019 for project infrastructure, and Maryland’s state government has contributed $15 million to Liberty Sports Park. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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