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Budget Year / Version:  
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Description

This project supports the acquisition of property at the Glenmont Shopping Center. The funding is needed to acquire surplus property from the Maryland Department of Transportation (MDOT) that will be aggregated with the shopping center parcels for the purpose of realizing the Sector Plan.
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Phase

Planning Stage

Status

New
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Budget Snapshot
$0.45M Total
Expenditures/Funding
$0.45M 6 Year Total
Expenditures/Funding
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Location

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Estimated Schedule

Land acquisition anticipated in FY25
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Justification

The Glenmont Shopping Center is an appropriate location for a mixed-use town center with urban amenities such as a central open space, restaurants, and professional offices to achieve a dense urban node near the Metro station. The 1978 Sector Plan discussed the need for a physical upgrade of the shopping center structures to develop a "positive image" for the community. The 1997 Sector Plan characterized the center as poorly configured and unattractive with a confusing circulation pattern. To date, the recommendations of both plans have not been implemented. The center currently includes approximately 196,380 square feet of commercial space. Although it is fully leased, the physical structure is worn, and it lacks retail and entertainment services desired by the surrounding community. Fragmented ownership and lack of market demand for redevelopment have inhibited redevelopment and will continue to be a major challenge in the foreseeable future. Landowners cite the lack of sufficient economic incentive (private or public) for reinvestment in the property. Any significant redevelopment would require assembling all or some of the parcels. The 2013 Sector Plan supports a phased development where assembly and redevelopment occur over time.
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Coordination

Department of General Services, Maryland Department of Transportation
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Budget Snapshot
$0.45M Total
Expenditures/Funding
$0.45M 6 Year Total
Expenditures/Funding
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Project Details
Project NumberP362503
Date Last Modified01/06/24
Administering AgencyGeneral Services
CategoryGeneral Government
SubCategoryEconomic Development
Planning AreaSilver Spring and Vicinity
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Total Expenditures by Cost Element (000s)
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Total Funding by Source (000s)
EXPENDITURES (000s)
Cost ElementsTotalThru FY23Est FY24Total 6 YearsFY 25FY 26FY 27FY 28FY 29FY 30Beyond 6 Years
Planning, Design and Supervision00000000000
Land43200432432000000
Site Improvements and Utilities00000000000
Construction00000000000
Other20002020000000
Total Expenditures45200452452000000
FUNDING (000s)
Funding SourceTotalThru FY23Est FY24Total 6 YearsFY 25FY 26FY 27FY 28FY 29FY 30Beyond 6 Years
Current Revenue: General45200452452000000
Total Funding Sources45200452452000000
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 25 Request452
Year First AppropriationFY25
Appropriation FY 26 Request0
Last FY's Cost Estimate0
Cumulative Appropriation0
Expenditure / Encumbrances0
Unencumbered Balance0