Washington Metropolitan Area Transit Authority
06/28/2022 | Press release | Distributed by Public on 06/28/2022 07:08
MEDIA ADVISORY: Metro, Amazon, Urban Atlantic, and Prince George’s County officials to break ground on affordable housing development at New Carrollton
For immediate release: June 28, 2022
On Wednesday, June 29 at 10:30 a.m., leaders from Metro, Amazon, and Urban Atlantic will be joined by elected leaders from Prince George's County to break ground on The Margaux, a new housing development that will offer modern, transit-oriented housing at below-market rates.
The 291-unit building is part of a larger 2.3 million square foot, mixed-use joint development partnership between Metro and Urban Atlantic. The project has received funding from the Amazon Housing Equity Fund to preserve affordability for the duration of the property's ground lease, 98 years, giving families much-needed financial certainty to build lives and careers near the conveniences of transit while reducing the need for and expense of car ownership.
WHO: Prince George's County Executive Angela D. Alsobrooks
Prince George's County Councilmember Dannielle M. Glaros
Metro Interim General Manager / CEO Andy Off
Vicki Davis, Managing Partner and co-founder, Urban Atlantic
Catherine Buell, Director, Amazon Housing Equity Fund
Representatives from Eagle Bank
WHAT: Groundbreaking ceremony for affordable housing development The Margaux
WHERE: 3900 Garden City Drive New Carrollton, Md., 20785
WHEN: Wednesday, June 29, 2022 at 10:30 a.m.
PARKING: Please park at the garage located at 3900 Garden City Drive. The garage is located directly between the Kaiser Permanente office building and the Stella apartments.