University of Maryland to Develop New Housing for Faculty and Staff

7/20/15

The University of Maryland College Park Foundation has purchased .808 acres of land located at 4600 Norwich Rd. in College Park from the Gamma Chi Chapter of the Sigma Chi Fraternity.

"The purchase of this land is a perfect next step in creating a Greater College Park for our community," said Carlo Colella, UMD's vice president for administration and finance." Located just behind Fraternity Row and adjacent to several on- and off-campus housing units, the land is a natural extension of the University of Maryland campus."

The plan for the land, located at the corner of Norwich Road and Princeton Avenue, includes future housing for university faculty and staff.

“We looked at a wide range of potential buyers and were pleased to connect the seller with the University of Maryland,” said Colliers International Baltimore Vice President Colin Penoyar, who brokered the transaction on behalf of the seller. “It’s a perfect fit. The seller, as the Sigma Chi Fraternity at the University of Maryland, is loyal to the university and heavily involved. They’re excited their former home will contribute to the growth of the university.”

Greater College Park ties together the many efforts that support the university’s goal of becoming a premier college town. It includes dynamic academic spaces, a vibrant downtown community and a public-private research hub. Greater College Park is the result of collaborative partnerships with Prince George’s County, the City of College Park, the University of Maryland College Park Foundation, the College Park City-University Partnership, UMD alumni and local developers.

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