ANNAPOLIS, MD — Governor Wes Moore today joined elected officials and leadership from Banneker Ventures for the groundbreaking of the Park Place at Addison Road Metro, a housing and economic development project along the Blue Line Corridor. The groundbreaking marks the start of a transformative $96.1 million investment in the Capitol Heights neighborhood of Prince George’s County. The project is supported by a cumulative state investment of nearly $50 million and $27 million in Low-Income Housing Tax Credits, representing one of the largest ever development investments made in the Capitol Heights community.
“Where and how we invest says something about who we are and where we’re going. And we know you cannot have economic mobility without physical mobility,” said Gov. Moore. “That’s why we’re proud to be part of this project — one of the largest single investments in the Capitol Heights community in the history of our state. It is central to creating a future where access to work, wages, and wealth isn’t an aspiration, but a reality. This project will help close the housing shortage, connect Marylanders with opportunity, and set the standard for what successful transit-oriented development looks like.”
The governor was joined by U.S. Senator Angela Alsobrooks, Maryland Comptroller Brooke Lierman, Prince George’s County Acting County Executive Tara Jackson, Prince George’s County At-Large Councilman Calvin Hawkins, House Majority Whip Jazz M. Lewis and Banneker Ventures President Omar A. Karim for the groundbreaking ceremony.
“Park Place at Addison Road Metro came from a shared vision for an equitable, transit-oriented future, and I was proud to work alongside Governor Moore, our state delegation, Omar Karim, and Banneker Ventures to bring this vision to life,” said U.S. Senator Angela Alsobrooks. “This $94 million development is proof of what can happen when public will and private innovation come together to create something transformative. It is proof that when we work as a team and keep the ultimate goal in focus, we can do something uplifting that has space for everyone.”
“The groundbreaking of Park Place at Addison Road marks a major step forward in our vision for the Blue Line Corridor and the future of Prince George’s County,” said Acting Prince George’s County Executive Tara Jackson. “This transformative, transit-oriented development is the result of strong partnership—with the State, the Maryland Stadium Authority, and our private sector collaborators. Together, we are creating vibrant, walkable communities anchored by Metro that will generate jobs, housing, and new opportunities for residents. Park Place reflects our shared commitment to smart growth and long-term economic vitality for our County.”
Park Place at Addison Road Metro is an 11,000 square foot, 196-unit, mixed-use residential and retail development along the Blue Line Corridor. Once complete, the site will primarily consist of living spaces with Class A amenities. All of the units, ranging from studios to three-bedroom apartments, will be preserved as affordable for 99 years.
The Park Place retail and residential mixed-use project marks the first phase of the Addison Park redevelopment, an initiative to develop multiple residential mixed-use buildings in close proximity to the Addison Road Metro Station. The site will include 56 townhouses and a total of 349 units, as well as 4,000 square feet of renovated space for Mission of Love Charities Inc., a nonprofit that assists homeless and low-income households. The Town of Capitol Heights will also receive a new municipal building through the development project.
When the governor chaired the
first Maryland Board of Public Works meeting of the administration, the board approved a number of measures authorizing capital projects across Maryland, including a memorandum of understanding to authorize $400 million in bonds for economic development along the Prince George’s County Blue Line Corridor.
“Investing in communities like Capitol Heights and projects like the Park Place development strengthens the economic and social fabric here in Prince George’s County,” said Comptroller Brooke E. Lierman. “This project provides additional affordable housing in the area, which will allow more Marylanders to achieve greater financial stability and access more opportunities for a prosperous future. I also applaud the retail development that will spur new investments from the business community that will support greater prosperity for our state.”
“Park Place at Addison Road is more than just a development; it represents a bold commitment to the families of Capitol Heights & Seat Pleasant,” said Delegate Jazz M. Lewis. “This project underscores our belief that everyone deserves safe, walkable neighborhoods, accessible transit options, and community amenities that foster growth and connection. After years of collaboration, advocacy, and dedication, this milestone is a testament to what we envisioned: a brighter future for our region has arrived. I’m honored to have played a role in securing state funding to bring this vision to life, and I extend my gratitude to Banneker Ventures for their vision and partnership in the corridor. The sun is rising on the Blue Line Corridor, and this is only the beginning.”
“We are truly grateful to Governor Wes Moore, Assistant Secretary Gregory Hare, and the entire Maryland DHCD Community Development Administration team, Prince George’s Acting County Executive Tara Jackson and her team and all of our public and private partners for believing in our vision for Park Place,” said Banneker Ventures Chief Executive Officer Omar A. Karim. “This groundbreaking reflects what’s possible when public leadership and private commitment come together to invest in overlooked communities. With the support of the State and our financing partners, we’re proud to bring 193 affordable homes and neighborhood-serving retail to the heart of Capitol Heights.”
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