PCCP Joins Fore Property On Hyattsville Apartment Project, Will Break Ground This Month
Last summer, Fore Property Co received approval to build a 351-unit apartment community, dubbed The Edition, near the Prince George's Plaza Metro station in Hyattsville.
Now Fore is bringing in a JV partner, New York-based real estate investment firm PCCP, to move forward with the project, which will break ground later this month.
The five-story apartment building (rendered above) will be at 3401 East West Hwy and will include 72 studios, 148 one-bedroom, 113 two-bedroom and 18 three-bedroom apartments. It is expected to deliver in spring 2019.
“This is an ideal opportunity for PCCP to partner with Fore Property Company, an experienced multifamily developer, to build a well-located, high-quality apartment community that is near public transit and is surrounded by a strong amenity base,” PCCP managing director John Randall said in a release.
The amenity base is so strong, Fore Property partner Evan Feldman told Bisnow last year, with a new Safeway and hundreds of thousands of square feet of retail within easy walking distance, that Evan felt putting retail at the base of the apartments—a given in many developments these days—would have been unnecessary.
