The opening of Maryland’s Purple Line has been delayed for years, but it is still spurring interest from developers to build around its stations.
A rendering of the Flats at Glenridge Station development in Hyattsville.
Minneapolis-based Dominium Apartments last week closed on its acquisition of 7011 Chesapeake Road in Hyattsville for $4M. It plans to build 245 affordable rental units restricted to those who earn up to 60% of the area median income.
Dominium has had the site under contract for more than a year, and it received preliminary plan approval from Prince George’s County in June. The project, branded as The Flats at Glenridge Station, is the company’s first in the D.C. market.
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