Largo, MD - Gwen McCall, President and CEO of the Prince George's County Economic Development Corporation, and County Executive Rushern L. Baker III, today expressed their pride in learning that the Arts District Hyattsville won the 2012 Economic Development Project award, presented during the annual conference of the Maryland Economic Development Association (MEDA) on April 30, 2012.
"This is a great honor for the Arts District Hyattsville, the City of Hyattsville, and Prince George's County," said County Executive Baker. "The Arts District Hyattsville epitomizes the type of investment, development, retail and residential attraction my administration is aggressively trying to replicate throughout the County, and specifically in our inside-the-beltway communities. I am proud of this achievement and the recognition it brings to one of our County's great municipalities. "
Arts District Hyattsville is a $213 million mixed-use revitalization effort along the U.S. Route 1 Corridor in historic downtown Hyattsville. The 25-acre retail and residential development is a project of regional real estate developers EYA and Streetsense, featuring a variety of unique homes and live-work units. When build-out of the site is complete, the trendsetting Arts District Hyattsville will feature retail shopping and over 500 new residences in a captivating mix of row-homes, live-work homes, condominiums, and retail shopping.
The site was developed in partnership with the Maryland Department of Housing and Community Development, the Maryland Department of Business and Economic Development, the Maryland Department of Transportation, and Prince George's County.
"We have known for quite some time that the Arts District is a real gem in Prince George's County, something that all of our residents can appreciate," said EDC President and CEO Gwen McCall. "This adds to the long list of awards this project has received, and I'm sure will continue to receive."
Arts District Hyattsville is an example of Governor Martin O'Malley's commitment to create jobs and stimulate the state's economy by investing in Maryland's historic neighborhoods. Governor O'Malley selected the Arts District Hyattsville as one of Maryland's initial 15 Smart Sites in 2009. Smart Sites are projects that follow green building standards and are the product of public and private investments. The program was designed to encourage mixed-use, revitalization projects and to coordinate state, local and private investment ina variety of areas including BRAC zones, transit-oriented development sites, and main streets.
"Arts District Hyattsville is an economic development home run," said Laurie M. Boyer, MEDA President. "Its mixed-use design, green sensibilities, and retail offerings are creating an economic renaissance in Hyattsville."
Anchor retail tenants include Maryland's first Yes! Organic Market and two eco-friendly Certified B Corporations, Big Bad Woof and Busboys and Poets. The location is also home to Elevation Burger, Tara Thai, Chipotle and several other regionally-acclaimed boutique retailers. Residents also enjoy access to the Lustine Center, a restored 1950s automobile showroom with a billiards area, fitness center, art gallery, juice bar, and more.