The developer plans 316 apartments for Hyattsville; No “affordable” unit planned
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A developer plans to build a 316-unit mixed-use apartment building in Hyattsville, near the Prince George’s Plaza subway station.
The project originates from Perseus TDC, a real estate developer based in Washington, DC. Company officials informed Hyattsville City Council of the plans at their July 19, 2021 meeting.
The developers have applied for a detailed site plan for the site, which must be approved by the Prince George County Planning Board. If everything goes according to the developer’s schedule, construction could begin by July 2022, lasting about two years. The building is scheduled to open for rental in June 2024.
The plans call for a 310,000 square foot, eight story building with 316 units. The building will be located near the northwest corner of the East-West Freeway and America Boulevard in the University Town Center neighborhood. It sits diagonally across the street from the entrance to Prince George’s Plaza subway station. Almost 80 percent of the units will be one-bedroom units or studios – referred to as a “junior” bedroom by the developer – with around 80 units reserved for two-bedroom units.
It is also the first major apartment complex to be proposed for the city since the city created an affordable housing tax incentive for developers. Councilor Freshman Rommel Sandino asked if the developers plan to include affordable units in the building. Christopher Hatcher, an attorney for the developer, said neither of those plans were in the works.
“As you know, the county has no affordable housing obligations, no regulations. The city has no such regulations. We are not looking for any public subsidy, ”Hatcher said. “This is meant to be a fully market rate community that is fully made up as of right. “