Westphalia Town Center A $3 Billion New Urban Town Center

Our CJ&R partner identified State of Maryland Capital Improvement Funds as a source of public financing to build the necessary road improvements to pass the APF Test of Traffic. CJ&R’s partner built State and Local County political support that enabled the project to receive a $72 million allocation of Maryland Capital Improvement Funds. After the project passed the APF Test, the developer was able to secure District Council approval of a new Sector Map Amendment (“SMA”) which created the right to build 3 Million SF of new office space, 1 Million SF of Retail and 14,000 new residential units and an entertainment district which increased the land value by $50 million. Our CJ&R partner found a buyer that purchased the property for $64 Million and helped the buyer secure an $85 million commitment for financing.