WMATA New Carrollton Rail Yard

New Markets Tax Credit Coalition

Hyattsville,
MD
(2017)

WMATA New Carrollton Rail Yard

Mixed-use, Transportation and Ports

Investment

NMTC Amount: $4,900,000
Total Project Cost: $7,868,750

IMPACT

20 FTE jobs
39 construction jobs

CDEs

Mid-City Community CDE

Investor

Unknown

Project Description

The New Carrollton joint development will create mixed-use development to transform New Carrollton Metro Station into a 2.3 million square foot, mixed-use transportation hub and gateway to the National Capital Region and Northeast Corridor. Built in 1983, the station is home to Metrorail, Metrobus, Amtrak, Maryland Area Regional Commuter (MARC) Train Service and Prince George’s County TheBus. In the future, the station will also serve the Maryland Department of Transportation (MDOT) Maryland Transit Administration’s (MTA) Purple Line.

In the early 2000s, Metro and Prince George’s County embraced a unified vision to transform New Carrollton Metro Station – which serves the county’s largest employment center – into transit-oriented development. In 2015, Metro and Urban Atlantic entered into a joint development agreement to develop Metro’s property at the New Carrollton Metro Station in New Carrollton, Maryland.

MAP

Address: 4700 Garden City Drive, Hyattsville, MD 20785

Census Tract: 24033803602

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