Brandywine Realty Trust selected as Master Developer for Next Phase of the University of Maryland College Park’s Discovery District
Terrapin Development Company, the University of Maryland and Brandywine Realty Trust partner on $300+ million mixed-use innovation neighborhood spanning 5 acres within the Discovery District.
U3 Advisors is pleased to announce a project we have been leading in partnership with the Terrapin Development Company and Brandywine Realty Trust in College Park, Maryland: the next iteration of the University of Maryland’s Discovery District.
The Discovery District is the epicenter of academic, research and economic catalysts in Greater College Park. The $300+ million development project will feature 550,000 square feet of class-A innovative workspaces encompassing research, office, collaboration and retail space, plus 200-250 multifamily residential units. With seamless connections to mass transit and major roadways, and the University’s talent base, this project is designed to accelerate ventures of all kinds—from startups to Fortune 500 Company headquarters—and will serve as a natural extension of the University’s renowned research enterprise. Learn more about the development of the Discovery District here.
U3 Advisors has been a real estate advisor for the University of Maryland College Park since 2009, developing strategies that leverage the institution’s land holdings and acting as strategist and development managers to transform College Park into a thriving college town. U3 Advisors currently serves as development managers for the Terrapin Development Company – a JV real estate company that U3 helped create in partnership with the University of Maryland. Learn more about U3’s work in College Park here.