Jackson-Shaw Starts 125-Acre Brick Yard MXD

(Read more on the industrial market and more on the multifamily market.)

BELTSVILLE, MD-Jackson-Shaw Co. has acquired the 125-acre site of the former Washington Brick Co. and gained approval for a mixed-use development. Called the Brick Yard in reflection of its previous occupant, it is designed to contain 750,000 sf of flex/light industrial space and 1,300 residences in a mix of multifamily, townhouse and single-family units.

“There will also be from 10,000 sf to 30,000 sf of neighborhood retail,” says Tom Aylward, VP of development for the Dallas-based company, who operates from its Lanham office. He declines to disclose an estimated construction cost for the project, but says, “it is valued at $500 million.” The land, some of which spills into neighboring Laurel, was acquired in two separate transactions from as many entities, and Aylward tells GlobeSt.com the cost was about $8.75 per sf, which would put the total tally at just north of $47.6 million.