Category: Company News

Ritchie Station Marketplace Groundbreaking

Company News

Last Friday was all about Dave & Buster’s and Phase III development at Ritchie Station Marketplace! We kicked off Phase III with a ceremonial groundbreaking at the site of the new restaurant/arcade/sports bar, Dave & Buster’s. The 40,000-square-foot restaurant will add 250 new jobs to Prince George’s County. Council Member Derrick L. Davis opened and closed the speeches, with many in between from our own Kenneth and Gary Michael to County Executive Rushern Baker.

Mr. Davis had kind words for Mr. Michael and NAI Michael – “Ken Michael is a catalyst. He is someone who really believes in Prince George’s County. He is someone who really believes in the community and utilizing the land that we have here in Prince George’s County for the best and the good economic development…” County Executive Rushern Baker honored the late Wayne K. Curry, the former county executive and our former company president,  by stating that Wayne “saw what the county was and what the county could be by working for the Michael’s company.” After the groundbreaking, Pohanka Hyundai hosted a wonderful reception. It was a beautiful day and a great way to celebrate the upcoming development.

A video of the groundbreaking can be found here.

20150417_110253

20150417_112356

 

Prince George’s State of the County Breakfast

Company News

Last Thursday, the Prince George’s County Economic Development Corporation hosted a breakfast event at Colony South Hotel & Convention Center in Clinton, MD. It was a fantastic event with speeches from Prince George’s County elected officials about what’s been happening in the county and where it’s going from here. EDC President & CEO Gwen McCall talked about bringing in international business and announced that the entire county is now a Foreign Trade Zone. She also discussed Youth@Work, a summer employment program, and encouraged area businesses to use it to hire youth for the summer. We were also treated to an overview of the new EDC branding campaign, Experience, Expand, and Explore Prince George’s County.

There is a lot of activity going on in the county, from the potential FBI headquarters to MGM’s $925 million casino and resort at National Harbor. In fact, the county has $6 billion worth of development projects in the pipeline!

County Executive Rushern Baker focused on how education impacts economic development, “schools are paramount to our economic success. We can’t afford to lose sight… We need strong school systems to attract new residents and businesses.”

His entire speech can be watched here.

Keep reading

Prince George’s is open for business

Company News
Washington Business Journal – by Rushern L. Baker III

Date: Friday, April 22, 2011, 6:00am EDT

To bring about real, sustainable and positive change in Prince George’s County, we must transform our fundamental approach to economic development.

This means focusing not only on big exciting projects such as National Harbor or Konterra, but also on having a more comprehensive, holistic approach toward creating a stronger county.

I firmly believe that through economic development we can create strong, safe neighborhoods, high-performing schools and good jobs with livable wages for our residents.

The new paradigm for economic development in Prince George’s County must be:

Responsive: An economic development program must address the needs of both the business …

Read more: Prince George’s is open for business | Washington Business Journal

BRAC Is Happening Sooner

Company News

By Elizabeth P. Daily, Vice President, NAI Michael

The long anticipated moves by the military and contractors onto the Maryland bases are going to happen earlier than what had been projected.

I have been following these moves for sometime and now know that the projected deadline of September 2011 is just a deadline, not when the actual moves will happen.

DISA’s move into Fort Meade, as an example, will really be in high gear this spring with the move from Arlington since their building is 97% completed. Currently the 5,000 + staff have been in a holding position in Arlington due to the “finish” schedule of their new 1,000,000 foot facility on the Fort Meade Campus. The DISA staff on the Campus have been waiting for the completion of their new building.

The large contractors working in this space have already taken blocks of space near the Base so that it can be projected to tighten the space availability. The mid level contractors who are postponing their decisions will find the need to look further from the bases than they projected since space is going to be scarce close in.

The bottom line is the effect of this will be 100,000 to 200,000 people moving to Maryland in the next five to ten years due to the BRAC decisions. It will have a dramatic impact on the office market in the Baltimore Washington Corridor.

Those companies sitting on the side lines now should get their plans into high gear. Those who hesitate will be lost. Feel free to call for discussions or strategies, 301-918-2907.

 

Archived Posts