Friday, May 11, 2018

Sales, partnerships on the table as developer behind massive Pr. George's project nears deals for supermarket anchor and hotel

The master developer behind the massive Westphalia project in Prince George’s County is nearing a deal with a grocery store anchor, while exploring the possibility of sales or partnerships on future phases or even the entire project. Having staved off default in 2017 through refinancings and a $42 million tax-increment financing package approved in November by Prince George’s County, Calgary, Alberta-based Walton Westphalia Development Corp. appears to be on the verge of a sea change with its…



from https://www.bizjournals.com/baltimore/news/2018/05/11/westphalia-developer-shifts-strategy-on-310-acre.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/173798823532

No comments:

Post a Comment