1 THE NORTHERN GATEWAY District 2 December 15

1 THE NORTHERN GATEWAY District 2 December 15, 2016

Keys to Redevelopment 2 �Does the owner want to sell or redevelop the property? �Is there an approved community plan? �Is the appropriate zoning in place? �Is there substantial market demand? �Can the developer provide the necessary financing?

Role of the Redevelopment Authority 3 • Acquire property • Test market demand • Issue RFPs to select developers • Assist with zoning approvals • Provide development financing

Singer Building Redevelopment 4 �Purchased three vacant buildings (negotiated purchase and mortgage foreclosures) �Issued RFP �Selected Menkiti Group as developer (September 2014) �Broke ground July 2016

Singer Building Redevelopment 5

Plumbing Building Redevelopment 6 �Purchased the vacant property �Issued RFP �Selected Landex as the developer (April 2013) �Purchased the two adjacent properties �Demolished existing buildings February 2015 �Broke ground October 2016

Plumbing Building Redevelopment 7

Plumbing Building Redevelopment 8

Plumbing Building Redevelopment 9

Redevelopment Authority of Prince George’s County 9200 Basil Court, Suite 504 Largo, MD 20774 301 -883 -5300 10 Howard Ways, AICP Executive Director hwways@co. pg. md. us http: //www. princegeorgescountymd. gov/865/Redevelopm ent-Authority Follow and "like" the Redevelopment Authority of Prince George’s County on Facebook