Gould Property Co., Konterra Realty Break Ground on 400-Acre MD Project

Why It Matters

The development adds significant housing inventory to a fast‑growing Maryland market and repurposes underutilized land, boosting regional economic activity and tax revenue.

Key Takeaways

• 220 townhomes, The Marais, start construction now
• Two 500‑unit apartment buildings slated with Bozzuto Construction
• First townhomes expected delivery fall 2026
• Condos planned for completion in 2028
• Project sits on 1,400‑acre former mining site

Pulse Analysis

Konterra Town Center East marks a pivotal expansion for Gould Property Co., turning a 1,400‑acre former mining tract into a mixed‑use community anchored by 220 townhomes and 500 apartment units. The project’s phased approach—delivering townhomes this fall and condos by 2028—aligns with Prince George’s County’s aggressive growth targets and its proximity to the I‑95 corridor, a critical commuter artery. By leveraging Caruso Homes for the townhomes and Bozzuto Construction for the apartments, the developers ensure high‑quality delivery while mitigating construction risk.

The infusion of over 700 new residential units directly addresses the acute housing shortage in the Washington‑Baltimore metro area, where demand outpaces supply and affordability pressures mount. Adding a sizable rental component diversifies the local housing stock, catering to both young professionals and families seeking suburban amenities with easy access to urban job centers. Moreover, the project’s timing dovetails with the region’s expanding transit initiatives, potentially enhancing public‑transport ridership and reducing traffic congestion on nearby highways.

Beyond immediate market impact, the Konterra development exemplifies a broader industry trend of repurposing brownfield sites into vibrant, mixed‑use districts. Gould Property Co.’s long‑term ownership since the 1980s provides a strategic advantage, allowing for comprehensive master‑planning that integrates residential, commercial, and recreational spaces. As developers nationwide seek sustainable growth models, the success of Konterra Town Center East could serve as a blueprint for unlocking value from legacy industrial lands while delivering community‑focused outcomes.