
Perseus, Griffin Capital Start $110M Sustainable Multifamily in Hyattsville
Perseus TDC and investment partner Griffin Capital Company, LLC, have started construction on a $110-million multifamily in Hyattsville, MD.
EagleBank serves as the lender, and Potomac Investment Properties is co-development partner on the project.
Residences at The Six, located on America Boulevard, will include 316 units plus 2,052 square feet of ground-level retail and a 276-vehicle structured parking garage.
According to Perseus, the project is Prince George’s County’s first multifamily development designed for National Green Building Standard Gold certification. It also holds the distinction of achieving all three goals of the Metropolitan Washington Council of Governments, which in combination aim to provide more affordable housing in areas the council considers “activity centers.”
In addition to the use of sustainable materials and building processes, the envisioned Gold-certified building will include all native plants and Energy Star appliances, and a minimum of 5% of parking is allocated to electric vehicle charging stations.
- ◦Development