College Park - News, Events, Updates, Questions and Developments Etc. (Silver Spring: shoppers, Whole Foods)

[mmoz80]

Also, is this part of the development you're talking about there, or a completely separate project? This was a plan from a few years ago though..

https://www.wdgarch.com/portfolio/pr...y-view-village

[Catcprtc]

University View village plan has been scrapped. If someone is willing to pay almost $30 million for two acres of land to build student housing that tells me their is a lot of money to be made. One thing I have noticed is that university enrollment has increased about 3,000 students over about the past five years.

[adelphi_sky]

Originally Posted by Catcprtc

University View village plan has been scrapped. If someone is willing to pay almost $30 million for two acres of land to build student housing that tells me their is a lot of money to be made. One thing I have noticed is that university enrollment has increased about 3,000 students over about the past five years.

Will they have a retail component? I hope they fare better than the Enclave. The lack of retail in that building for years is just sad. And it goes to show that there is still a challenge for retail in the city.

To be honest, we desperately need more non-student housing and office space. Even when school is in session on the weekends, the restaurants aren't full.

We ate at College Park Grill on a Friday night. Burton's had an hour wait. College Park Grill had available seating. The food is good and the atmosphere is great. You'd think College Park Grill would have wait times being closer to the university.

Not even going to talk about OMG. That went downhill surprisingly fast.

But I digress. When will there be no need for new luxury student housing on RT. 1?

[mmoz80]

Originally Posted by adelphi_sky

Will they have a retail component? I hope they fare better than the Enclave. The lack of retail in that building for years is just sad. And it goes to show that there is still a challenge for retail in the city.

To be honest, we desperately need more non-student housing and office space. Even when school is in session on the weekends, the restaurants aren't full.

We ate at College Park Grill on a Friday night. Burton's had an hour wait. College Park Grill had available seating. The food is good and the atmosphere is great. You'd think College Park Grill would have wait times being closer to the university.

Not even going to talk about OMG. That went downhill surprisingly fast.

But I digress. When will there be no need for new luxury student housing on RT. 1?

I guess there won't be a need for new luxury student housing when the university finally gets its act together and starts building A TON new on-campus housing for students, both undergrad and grad...they are way behind in doing so... Kids are living in residence halls that haven't been touched/renovated in 50 years ��

[lookingbutnotlost]

Originally Posted by adelphi_sky

Will they have a retail component? I hope they fare better than the Enclave. The lack of retail in that building for years is just sad. And it goes to show that there is still a challenge for retail in the city.

To be honest, we desperately need more non-student housing and office space. Even when school is in session on the weekends, the restaurants aren't full.

We ate at College Park Grill on a Friday night. Burton's had an hour wait. College Park Grill had available seating. The food is good and the atmosphere is great. You'd think College Park Grill would have wait times being closer to the university.

Not even going to talk about OMG. That went downhill surprisingly fast.

But I digress. When will there be no need for new luxury student housing on RT. 1?

I think college park grill is gross. IMO OMG was better but it's changed management a few times and I have not visited since. Burton's is doing very very well. They are packed on the weekends. It was a good choice for the area.

[Catcprtc]

Building more student housing on campus is not just a University decision, it is a high level state decision,because it is state bond funded. The University is focused on replacing or improving existing campus housing and figuring out how to provide more affordable graduate housing. A lot of multi-family housing is being built in the local area. While College Park needs a better balance of residents, what are the number of units that can be reasonably absorbed in the local area?

[adelphi_sky]

Originally Posted by Catcprtc

Building more student housing on campus is not just a University decision, it is a high level state decision,because it is state bond funded. The University is focused on replacing or improving existing campus housing and figuring out how to provide more affordable graduate housing. A lot of multi-family housing is being built in the local area. While College Park needs a better balance of residents, what are the number of units that can be reasonably absorbed in the local area?

I think we can assume that there will be some impact from Amazon in Crystal City. The Yellow Line passes through College Park. Therefore you have a direct connection to a growing major employment center sans DC.

DC is becoming more and more expensive to live. As 20-something professionals get older, they're not going to be so inclined to have roommates to simply afford to stay in DC. They may prefer to live further out to afford their own place.

The FBI relocation, while shelved, may be brought back when the administration in the White House changes.

The Purple Line will also make College Park more attractive. If the university can build more partnerships with corporations and attract more startups in the Discovery District, I think there will be a good demand for non-student housing.

I can see up to 2000 new units being absorbed along the RT. 1 corridor in the next 10-15 years if College Park continues on its current path in a great partnership with the university, county, and state.

This doesn't include what is going on in Hyattsville or Riverdale. As long as there are price pressures in DC proper, there is upside potential for the inner-beltway communities in northern PG County.

Of course, this is all conjecture and speculation.

[mmoz80]

Originally Posted by Catcprtc

Building more student housing on campus is not just a University decision, it is a high level state decision,because it is state bond funded. The University is focused on replacing or improving existing campus housing and figuring out how to provide more affordable graduate housing. A lot of multi-family housing is being built in the local area. While College Park needs a better balance of residents, what are the number of units that can be reasonably absorbed in the local area?

Not sure it's much of a high level state decision when UMD will be building two new residence halls on the varsity fields from institutional funds, not state bonds, starting in June, according to the UMD news.. But I understand the state having some stake in the decision making as far as new on-campus housing going up. I think the demand is certainly there for market rate housing and grad housing, and will only continue to grow with more private companies coming to town as well as the Purple Line. As a grad student there two years ago, it was horrendous trying to find inexpensive decent off campus housing...lots of older private homes and basement apts. As far as number of units, I'm not sure..but I think based on the growing interest in CP, you'll be surprised at how many units that can be reasonably absorbed in the next few years.

[mmoz80]

Originally Posted by adelphi_sky

I think we can assume that there will be some impact from Amazon in Crystal City. The Yellow Line passes through College Park. Therefore you have a direct connection to a growing major employment center sans DC.

DC is becoming more and more expensive to live. As 20-something professionals get older, they're not going to be so inclined to have roommates to simply afford to stay in DC. They may prefer to live further out to afford their own place.

The FBI relocation, while shelved, may be brought back when the administration in the White House changes.

The Purple Line will also make College Park more attractive. If the university can build more partnerships with corporations and attract more startups in the Discovery District, I think there will be a good demand for non-student housing.

I can see up to 2000 new units being absorbed along the RT. 1 corridor in the next 10-15 years if College Park continues on its current path in a great partnership with the university, county, and state.

This doesn't include what is going on in Hyattsville or Riverdale. As long as there are price pressures in DC proper, there is upside potential for the inner-beltway communities in northern PG County.

Of course, this is all conjecture and speculation.

My thoughts exactly..

[terp80]

New restaurant in College park serving Japanese style crepes New restaurant on Route 1 offers Japanese-style crepes - Arc Publishing


Construction begins on long awaited $1.3 million park in North College Park Construction begins on long-awaited $1.3 million park in North College Park - Arc Publishing