Tag: retail development

New and ongoing development projects - Riverdale Park Station

State of the Economy Previews New and Ongoing Development Projects in Prince George’s County

Market Insight

There are a number of new and ongoing development projects that are contributing to economic development in Prince George’s County, according to the 2016 Prince George’s County State of the Economy Address that NAI Michael had the pleasure of attending on April 13, 2016.

Many new and ongoing development projects were highlighted during the State of the Economy for Prince George’s County. County Executive Rushern L. Baker III, Jim Coleman of the Prince George’s County EDC, Derrick L. Davis of the County Council, and Jim Estepp of the Prince George’s Business Roundtable all spoke about the transformation and re-envisioning of the County. In fact, Baker said that there are more than $7 billion worth of projects in the pipeline, including:

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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.

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