WMATA New Carrollton Rail Yard

Investment

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

IMPACT

  • 20 FTE jobs
  • 39 construction jobs

Investor

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

Other Maryland Projects

The redevelopment of the historic building into a Center for Health Care and Healthy Living, leased by the City of Baltimore for various health and community service tenants.
The adaptive reuse of a historic mill property along the Jones Fall stream into a mixed-use community of market-rate and affordable apartments, offices and retail space.
NMTC financing helped Cheseapeak Habitat for Humanity build 59 affordable, for sale homes in Annapolis.
NMTC financing supported Dayspring, an organization that transforms the lives of homeless children and their families by providing housing, substance abuse treatment and services to assist families to gain stability