heritage green development...the fully entitled property known as heritage green is a 1,034 . acre...
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HERITAGE GREEN DEVELOPMENT1,034 Acre Fully Entitled Mixed-Use Development
La Plata, Charles County, Maryland
BID DATE: JAN. 18, 2018!
EXECUTIVE SUMMARY
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EXECUTIVE SUMM
ARYThe fully entitled property known as Heritage Green is a 1,034
acre land assemblage master-planned for mixed-use development
consisting of 3,170 residential units, a 125 acre commercial
center that will encompass over 1.5 million square feet and three
village centers with retail, office and hospitality uses. Annexed
into the Town of La Plata in 1990, the Property was purchased
by Heritage Green Development, LLC, a Virginia Limited Liability
Company authorized to do business in Maryland, in 2002. Since
that acquisition, the Development Company has completed re-
zoning and planning for the phased development of the Property.
Landbay 1A of Phase I is approved for infrastructure development
and immediate construction of 296 housing units and a plan for
continuous development thereafter is in place. The location south
of Washington DC and the Capital Beltway is one of the most
prosperous jurisdictions in suburban Washington and offers easy
access to job centers throughout the Metropolitan DC area. The
Development Company has retained Savills Studley, Inc. to assist
in identifying and selecting a joint venture partner for development
of the Property.
PROPERTY INFORMATION
Description: Heritage Green is located in the northern sector of the Town of La Plata, MD and includes eleven (11) planned mixed-use neighborhoods consisting of single family attached and detached homes, townhomes, multi-family units and ancillary retail and commercial uses. The 125 acre (net), 1.5+ million square feet commercial center is located at the northern portion of the Property.
Jurisdiction: Town of La Plata, Charles County, MD
Property APN #: 01-010875; 01-017942; and 01-012843
Current Use: Vacant Land entitled for mixed-use development
Permitted Uses: Residential, office, retail, service and hospitality
Parcel Size: 1,034 acres [890.32 south of Rosewick Rd.; 140.49 acres north of Rosewick Rd.]
Current Zoning: Mixed-use
Utilities (Water, Sewer, Electric,
Gas):
A new sewerage pumping station has been constructed in the southeastern section of the Property. Water and sewer distribution lines will be constructed as part of the infrastructure development plan that will be funded by $45 Million in municipal bonds already authorized by the Town of La Plata.
Storm Water Management:
U.S. Army Corp of Engineers approved and permitted
Parcel Shape: Nominally rectangular, north/south, with flat topography
Street & Access: Rosewick Road forms the northern boundary of the mixed-use section of the Property and the southern boundary of the 125 acre commercial parcel; Washington Avenue extends north/south along the western border parallel to Rt. 301; Radio Station Road lies to the east; and Heritage Green Parkway, along with E. Hawthorne Drive (Rt. 225) will provide access from Rt. 301 to the west. Future La Plata Parkway will traverse the Property north/south and serve as the principal transportation artery within Heritage Green.
Area Amenities: The Town of La Plata is the county seat of Charles County and boasts a broad range of retail, restaurant, hospitality and service facilities.
Site Location
Heritage Green
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EXECUTIVE SUMM
ARY
Phase 2 & 3 Are Interchangeable
Demetri Koutrouvelis202.624.8509
B. Randolph Atikins703.827.6276
Nicole Miller202.624.8542
1201 F Street, NW • Suite 500 • Washington, D.C. 20004(t) 202-628-6000 • (f) 202-624-8555
Disclaimer: All information furnished regarding property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, or financing, or withdrawal without notice.
Data contained in this offering memorandum is from sources believed to be reliable. Savills Studley makes no warranty, express or implied, regarding accuracy of any data contained herein.