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May 30, 2023

Real Estate Firm To Demolish Its Prince George’s County HQ For New Project

MRP Realty's Bob Murphy On Buzzard Point's Concrete Plant Redevelopment, A 2M SF Mixed-Use Campus - July 12

A local real estate and investment firm has plans to raze its headquarters building in Camp Springs, Maryland, along with two single-family homes next door, in order to construct a 339K SF commercial, retail and multifamily development.

Real Estate Firm To Demolish Its Prince George’s County HQ For New Mixed-Use Project

Curtis Investment Group, a real estate developer and investor with retail and commercial projects around the D.C. metro region, filed a proposal for the project at the intersection of Linda Lane and Branch Avenue, and the Prince George’s County Planning Board is scheduled to consider its…

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Virginia Campground, RV Park Eyed For New 2M SF Data Center Campus

Virginia Campground, RV Park Eyed For New 2M SF Data Center Campus

An 82-acre property in Northern Virginia's Prince William County that houses recreational vehicles and a campground may soon be replaced by a massive data center campus. A developer has filed plans for an 82-acre data center campus on the site of the Hillwood Camping Park, a largely residential RV community in Gainesville, Virginia.…

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'Call Your Lawyers': A New Law May Have Quietly Upended Philly's Affordable Housing Market

Amid the hubbub surrounding Philadelphia’s primary elections, a bill was quietly passed that could have massive implications for affordable housing preservation in Philly.

On May 4, the city council passed the People’s Preservation Package, a pair of bills introduced by District 3 Councilmember Jamie Gauthier targeting the estimated 12,000 subsidized rental units across the city with affordability contracts expiring in the next 10 years.

'Call Your Lawyers': A New Law May Have Quietly Upended Philly's Affordable Housing Market

One of the bills simply directs the city to build a database of all subsidized housing units and their contracts’ expiration dates. The other is Philly’s own version of what is popularly known as a tenant opportunity to purchase act, or

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Angry Neighbors, Aging Policies, Lack Of Political Will Dig A 10-Gallon Hole In Texas Housing

 

A single lot sits undeveloped on the edge of North Central Expressway in the densely packed suburb of Lake Highlands in Dallas. Though surrounded by the trappings of suburban life — a nearby Home Depot, a busy law office — a prominent “No Trespassing” sign is the only indication anyone is looking after the property.

The vacant plot of land seems unwanted, but its owner has been fighting for years to turn it into desperately needed housing. It’s an endeavor that makes sense on paper but has been thwarted at nearly every turn.

Cypress Creek at Forest Lane, located in an area zoned for commercial development, would offer market-rate apartments but also accept housing vouchers for rent-restricted units set aside for low-income families. That has drawn the fury of nearby residents, who have swarmed local meetings in opposition, claiming the project would lead to crime and lower property values.

Their campaign has been so effective that no construction has begun to this day despite the project winning federal tax credits and the near-unanimous support of city council.

“We have been working diligently to try and make this project a reality, and it has been stunted by obstacles for two years,” developer Zachary Krochtengel of Sycamore Strategies told the Dallas Public Facilities Corp. in late February. 

The uproar surrounding Cypress Creek at Forest Lane is a microcosm of what is unfolding across Texas communities large and small.

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