UPPER MARLBORO, MD-The Walton Group of Cos. is moving quickly to put in place homebuilders for its Westphalia Town Center here. It has inked agreements with Mid-Atlantic Builders and Haverford Homes, following a deal signed with NVR in November.
Mid-Atlantic Builders and Haverford purchased 102 townhome lots, committing the remaining 204 of 348 lots. Walton's builder agreement with NVR is for 144 lots. These agreements with Mid-Atlantic Builders and Haverford Homes complete Phase 1 with 100% commitment for 348 homes.
The 479-acre Westphalia Town Center is the Scottsdale, AZ-headquartered company's first development in Maryland. The project also boasts as being one of the largest commercial real estate developments in Prince George's County to date. Westphalia will have, once complete, single-family homes, townhomes, apartments, an elementary school, fire and rescue facility, shopping and restaurants, commercial office space, as well as a hotel.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
