February 6, 2013
We are excited about bringing the first Whole Foods Market store to Prince George’s County as well as market rate residential housing units. We have worked with the county and the community for over six years to create a vibrant, mixed-use neighborhood. The pedestrian-friendly neighborhood will have easy access to Metrorail, MARC and the future Purple Line as well as providing a network of sidewalks and walking/biking paths – including the extension of the Rhode Island Avenue hiker/biker trail.
A key component of the project is the new bridge connection from our site across the CSX railroad tracks to the property to our east. The community and the county wanted this much needed crossing as it provides connectivity to M Square, the University of Maryland’s Research Park and other points east. As a part of our zoning, we made a commitment to this critical infrastructure improvement.
We look forward to continuing to work with the community to create a neighborhood that will benefit them, the towns, county and state. We are addressing comments that we have received from the county staff and the community and are moving expeditiously to re-file our Preliminary Plan of Subdivision (PPS) application for the project.
Can Whole Foods Boost Home Prices?
Smart Money, March 9, 2012
Economists say Whole Foods does for real estate what it does for arugula — convince people to pay higher prices.
The organic supermarket’s planned move into inner city Detroit – one of America’s most depressed urban areas – may be a giant leap of faith for one organic supermarket, The Wall Street Journal reports. But real estate experts expect the chain’s arrival to have a positive influence on house prices in the area. Studies have shown that valued local amenities are attractive to house hunters and add to the belief that an area is up-and-coming. “It’s a chicken-and-egg issue,” says Stuart A. Gabriel, director of UCLA’s Richard S. Ziman Center for Real Estate. Whole Foods spokeswoman Kate Klotz downplays the market’s power.”We move into areas that are already moving in a positive direction,” she says. “It’s doubtful that people move into a new place just for Whole Foods Market.”
Prince George’s needs to back high-end project
The Washington Post, August 8, 2011
FOR YEARS, residents of Prince George’s County have lamented the shortage of high-end local shopping and dining venues, complaining that developers and investors favored swankier precincts in the District and Montgomery and Fairfax counties. Now a reputable developer has proposed exactly the kind of project that much of Prince George’s has lacked — upscale stores, restaurants, townhouses, apartments, offices, a hotel, and a gigantic fitness center, all anchored by what would be the first Whole Foods grocery store in the county of 870,000 people.