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The price was determined by taking the highest of two independent appraisals as called for by public law.
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The developer is Armory Square LLC. The development team has a proven, successful record in Calvert County. They are local, and they are experienced in creating economically viable, attractive commercial properties throughout Maryland.
Construction will occur after the study period is complete and following full regulatory review and approval of a commercial site plan.
Julie Oberg, Director, Calvert County Department of Economic Development. Additional information may be found by visiting the developers’ website, www.thearmorysquare.com or by calling 301-842-6014.
The Board of County Commissioners may not legally develop commercial land.
The prior 2010 Comprehensive Plan and current Comprehensive Plan call for economic development in all town centers. The property will be sold to encourage economic development in the Prince Frederick Town Center.
As referenced by the Calvert County Code of Public Laws § 6-104 - Contracts for sale of real property [1985, ch. 715, § 2], notwithstanding any provisions of law to the contrary, the county may grant and convey any county interest in real property other than by formal bidding procedures if the Commissioners determine that it is in the best interest of the county to do so, provided that:
The Commissioners approved the purchase and sale agreement as presented based on the following: (1) the project will add approximately 125,000 square feet of new commercial space, (2) create 450 new jobs, (3) increase commercial tax revenue, and (4) allow for acquisition of strategically located land for the previously planned county bus transfer station.
The building was in a state of disrepair and demolished in 2012.
None. The proposed multi-use development does not require any text amendments or new zoning regulations.
This project will complement other commercial projects in Prince Frederick by offering a space for multi-use development, creating foot traffic for other businesses in the Prince Frederick Town Center, and offering another location in the county to procure services instead of going outside the county to obtain similar services.
An update to the Prince Frederick Town Center Zoning Ordinance does not stop development in the Prince Frederick Town Center. Businesses can still obtain site plan approvals under current zoning regulations if they desire. Based on the anticipated size of the project, it can be developed under current regulations.
The developer will be required to conduct an independent traffic analysis for the project and make any required changes identified by that study.
The property acquired by the county will serve as a transfer station for Calvert County Public Transportation and will serve bus routes already served by Calvert County’s public transportation system.
At this time, no decision on the future of the old Armory building has been determined. The County will retain ownership.