The University of Maryland is partnering with St. John Properties on a proposed development in Riverdale Park that will include flex research and development space. This project builds on the momentum of the University of Maryland’s Greater College Park initiative, an ongoing effort to rapidly revitalize the Baltimore Avenue corridor and the surrounding campus.
“We are excited to partner with St. John Properties on this key addition to the university’s venture district,” said Carlo Colella, UMD's vice president for administration and finance. “This project enhances our ability to attract and retain high-tech businesses as they grow and further diversify the region’s economy.”
“This partnership will provide the Greater College Park area with new Flex/R&D buildings, offering companies a flexible space to build and grow their business,” said Edward St. John ’61, founder and chairman of St. John Properties, Inc.
The project, comprising 10.37 acres, will include 111,240 square feet of flex research and development space within two buildings. The buildings can be configured to meet the needs of hundreds of different business requirements, with the goal of attracting businesses in key sectors of engineering, data analytics, earth sciences, virtual reality, cybersecurity and more.
June 15, 2016
UMD, St. John Properties Partner on Proposal for Research and Development Space
Did You Know
UMD's Neutral Buoyancy Research Facility, which simulates weightlessness, is one of only two such facilities in the U.S.