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10 UMD Properties Cleared to Build “Innovation Hub” in College Park

Maryland’s Board of Public Works has approved the surplus of 10 University of Maryland properties Wednesday for an ongoing community redevelopment project known as the Greater College Park Initiative, the Capital News Service reports.

With the transfer of these properties to the Terrapin Development Co., the university wants to foster “an innovation hub” as well as a desirable place to live and work.

Many of the surplussed properties are on the east side of Baltimore Avenue, “an area of campus that years ago was the back-of-the-bus operations — parking lots, auto repair, aging student housing, old warehouses,” said Carlo Colella, University of Maryland’s vice president for administration and finance.

At this time, there isn’t a specific building-by-building proposal for the 10 properties that have been surplussed, Colella said. But they are all essential to the continuing redevelopment.

For now, step one — the surplus — is complete. Step two comes in 45 days, when the board will vote on the official transfer of the properties to the Terrapin Development Co. The company, which is operated by the university and its foundation, can acquire, develop, lease, manage, and sell real property.

The following are surplus properties approved for transfer at Wednesday’s meeting:

–UMD land (southern wing of service building, 7757 Baltimore Ave.)
–Parking lot (immediately east of Ritchie Coliseum, 7675 Baltimore Ave.)
–4505 Campus Drive
–4608, 4610, 4624, 4642, 4644 Norwich Road (Old Leonardtown Road)
–4425 Campus Drive (Bldg. 11)
–7761 Diamondback Drive (Bldg. 6)
–8320-8400 Baltimore Avenue
–Parcel C (immediately northeast of The Hotel at UMD, 7777 Baltimore Ave.)
–Parcel B (immediately north of The Hotel at UMD, 7777 Baltimore Ave.)
–4100, 4103, 4109 Metzerott Road

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