Baltimore-based developers Greenberg Gibbons and MCB Real Estate have entered into an innovative 50-50 joint venture, revealing their visionary $100 million Waldorf Station Project in Charles County. This collaboration signals a transformative step toward redefining residential living in Charles County.
Nestled in a 150-acre plot near Route 301 in Waldorf, the Waldorf Station Project is set to transform into a buzzing multi-purpose area. Steering this transformation is master developer, Greenberg Gibbons. Expected to be finished by mid-2025, this project showcases the power of future-oriented city planning.
The partnership capitalizes on the proven achievements of both enterprises. Greenberg Gibbons brings knowledge from undertakings such as Foundry Row, Towson Row, The Shops at Kenilworth, and Hunt Valley Towne Centre. MCB Real Estate, notable for the rejuvenation of downtown Harborplace and projects like Yard 56 in Greektown and Northwood Commons, enhances the collaboration with their vast expertise.
The Waldorf Station Project in Charles County stars a 302-unit apartment building. It has great stuff like a pool, clubhouse, place to work together and gym. Even a spa for pets! These apartments will lead in green living. They have solar panels and thermostats you can control with Wi-Fi. The project wants to include everyone, so 10% of the homes are priced affordably.
Looking beyond the initial Waldorf Station project
Beyond the primary endeavor, an expansion plan for Waldorf Station is in the works by Greenberg Gibbons, which incorporates a supplementary 496 housing units in tandem with 450,000 square feet of retail and business areas. The all-inclusive center intends to provide office units, a financial institution, and a hotel.
Daniel Rigaux, VP at MCB Real Estate, is excited to partner with Greenberg Gibbons for the Waldorf Station Project in Charles County, which demonstrates the company’s commitment to developing sustainable, mixed-income, multifamily spaces. As the market continues to grow, the project seeks to create a vibrant community that combines market-rate and affordable housing in a manner that supports the county’s intelligent growth goals.
This Waldorf Station Project collaboration aligns with broader regional development trends, complementing the efforts of other developers like St. John Properties, which recently acquired 82 acres in Waldorf for a light industrial project named Berry Pointe.
This month marked the beginning of the Waldorf Station Project’s construction, which promises to revolutionize the community. Anticipated to integrate sustainable practices and inclusive housing options, the project seeks to harmoniously merge contemporary living with the needs of an ever-growing population.