Ascend at Apollo Phase 4

Situated adjacent to the Downtown Largo Metro Station, the property occupies one of the most strategic development locations in Prince George's County. Less than five miles from Washington, D.C., the site provides immediate access to the Capital Beltway (I-495/I-95), MD Route 202 (Landover Road), and the region's extensive transit network, creating exceptional connectivity throughout the Washington metropolitan area. Downtown Largo has emerged as Prince George's County's premier mixed-use growth district, anchored by major public and private investments that continue to transform the area into a regional employment, healthcare, residential, and entertainment destination. The property benefits from proximity to several significant employment centers and amenities, including Prince George's County government offices, the Wayne K. Curry Administration Building, the Maryland-National Capital Park and Planning Commission headquarters, University of Maryland Capital Region Medical Center, Woodmore Towne Centre, Kaiser Permanente, and a growing collection of residential and mixed-use developments. With direct Metro access, a stable employment base, significant public investment, and a wave of new transit-oriented development, the site is ideally positioned to capitalize on the continued evolution of Downtown Largo as one of the region's most important growth corridors.Ascend at Apollo Phase 4 presents an exceptional opportunity to develop 4.73 acres within the rapidly transforming Largo submarket. Zoned RTO-H-E (Regional Transit-Oriented, High Intensity Edge), the site offers significant flexibility for a broad range of residential, commercial, institutional, and educational uses, including multifamily development at densities of up to 175 units per acre. The site benefits from its position within the Largo Transit-Oriented Development Overlay District, one of Prince George's County's designated priority growth areas. Recent initiatives aim to expedite development near Metro stations. Additionally, development within the overlay district may be eligible for substantially reduced public facility surcharge fees compared to other projects. Further enhancing its investment appeal, Phase 4 is located within a Tax Increment Financing (TIF) District, a Maryland Priority Funding Area (PFA), and a federally-designated Opportunity Zone. Originally, the property was Phase 4 of the master-planned Ascend Apollo development, a 20-acre mixed-use project approved in 2015 for 1,566 multifamily units and 40,000 SF of commercial. The first two phases, comprising 846 apartment units, were successfully developed as Ascend Apollo and Opal. Phases 3 and 4 subsequently received approvals for an additional 716 units. In 2021, the Maryland-National Capital Park and Planning Commission (M-NCPPC) acquired approx. three acres in Phase 3 as part of its planned headquarters relocation. M-NCPPC ultimately acquired an existing office campus elsewhere in Largo. Phase 4, the subject property, can be developed with a variety of commercial uses that are permitted under the RTO-H-E zone, including multifamily projects up to 175 units per acre and a variety of commercial, educational and institutional uses.