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HYATTSVILLE, MD-Local undergraduate and graduate students will have a new housing option come the 2006-2007 school year now that construction of the Towers at University Town Center has just topped out at the 50-acre, two-million-sf University Town Center expansion.
Developer University Town Center will spend $40 million to complete the Towers and an additional $35 million to construct the 1,150-space parking facility that will serve as part of the building's foundation. The upscale student residence will offer 910 beds, for rent individually with their own bathrooms, contained within different suite configurations spread out among 16 floors.
With a location just across from the Prince George's Plaza Metro station, the Towers will offer views of the nearby University of Maryland at College Park Campus and Washington, DC not only for students of UMCP, but also for those enrolled at Catholic University, Trinity University and Howard University in Washington, DC; the District is about 25 minutes away by car and just a few minutes away by Metro. "UMCP doesn't have much more space for housing, so it will benefit indirectly from the project, and the students will benefit directly," UTC president Herschel Blumberg tells Globest.com. Amenities at the RTKL-designed building include an exercise facility, swimming pool, activity room and computer lab. JPI has been tapped to manage the property.
The Towers, however, is just one facet of the housing element that will ultimately rise in UTC. The property will also include 700 condominiums, 110 of which are scheduled to come online late next year, with an additional 390 units to follow in 2007. Also currently in the works at the city-within-a-city that will be UTC--which already features more than one million sf of office space--is a 250,000-sf retail segment that has already been partially claimed by a 66,000-sf, 16-screen movie theater and a 57,000-sf Safeway grocery store. "The retail people are very enthusiastic about the large number of students being here," Blumberg says. "We will have a number of restaurants and some higher-level retail stores."
UTC, with its pedestrian friendly streets and landscaping, is designed to appeal not only to students, but to the office dwellers and those living in the surrounding areas as well. "Town Center really will be a town center for everyone in Prince George's County," Blumberg adds. The UTC complex is zoned and approved for development of one million sf of additional office space, a total of 370,000 sf of retail and 2,600 residential units.
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