Amazon Investing $82M In 2 Prince George’s County Apartment Projects Near Metro

Amazon‘s $125M partnership with WMATA to fund transit-oriented development in the D.C. region has borne fruit at two Prince George’s County Metro stations.

Amazon is investing $81.7M combined into two multifamily projects, it announced Tuesday, pumping $56.3M into Gilbane Development Co.’s project at the College Park Metro station and $25.4M into an Urban Atlantic building at New Carrollton.

The investments are being made to help ensure that both projects, which combined would yield more than 700 apartments, would remain affordable for those making less than 80% of area median income for 98 years, according to details released Tuesday by Amazon and WMATA.

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Author: edESTESdesign

Ed is an Architectural Design Management Consultant, as well as, a Graphic and Web Designer. Ed combines all of these services to form the firm edESTESdesign which provides a wide variety of design and multimedia solutions for your business. View all posts by edESTESdesign