Suburban Office/Retail/Residential Mixed-Use
Components: For-Sale Residential, For-Rent Residential, Retail, Office, Parking
Project Value: $1 billion; $150 million TIF component
SAG assisted Forest City Washington with analyzing the tax increment potential and structuring the Town Center component of the 2,200-acre Konterra mixed-use development situated in Prince George’s and Montgomery Counties, Maryland straddling Interstate 95. The Town Center is a 115 acre mixed-use 20-year project encompassing the development of 1,700 residential units, 1.4 million square feet of retail, 700,000 square feet of office space, and 10,000 parking spaces. In total, the project encompassed 4.2 million square feet.
SAG coordinated all financial structuring analyses for this $1 billion project to understand the feasibility, timing, investment, partnership and infrastructure of each component of Town Center. In addition, SAG helped model the tax increment that could be generated by the project to help fund $150 million in infrastructure costs.