Working with the community to build a Greater College Park.

A public / private research hub, dynamic academic spaces, and a vibrant community – this is Greater College Park.

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About Us

Terrapin Development Company (TDC) is a joint venture real estate and economic development entity created by the University of Maryland, College Park and the University of Maryland College Park Foundation. TDC's mission is to create long term value for its members while transforming Greater College Park into a vibrant, diverse and walkable community that attracts the best faculty, staff and students, and galvanizes a culture of research and entrepreneurship.

TDC's primary responsibilities are real estate strategy, acquisition, development, leasing, and management with a particular focus on "placemaking," a people-centered approach to the planning, design and management of public spaces, local economic vitality, and creating the housing options, stores, restaurants and green spaces that will enhance the University's recruitment and retention of the world's best faculty, staff and students.


Through transformative real estate activity that holistically enhances the vision of the Greater College Park initiative, TDC strives to create an equitable, vibrant city built for the community, UMD faculty & students, and a growing entrepreneurial and research hub.

Project Highlights

Artists rendering of the new City Hall

Parcels B&C

Sitting at the gateway of the Discovery District, TDC, in partnership with Brandywine Realty Trust, will be developing ~5 acres surrounding The Hotel at UMD into a dynamic, mixed-use innovation hub. Known as "Parcels B&C", the development will result in 550,000 square feet of class-A workspaces encompassing research, office, collaboration and retail space, plus 200-250 multifamily units. The master development will be constructed in phases over several years.
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Picture of the hot desk area in the College Park WeWork

Southern Gateway

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TDC has partnered with Bozzuto to bring a vibrant mixed-use development to the site of the former Quality Inn and Plato's Diner. The development will contain 393 units of market rate housing with an extensive amenity package, aimed at providing UMD faculty and staff, graduate students and alumni a convenient and desirable place to live. The development will include 70,000 square feet of ground floor retail, as well as public improvements in the form of an extension of Calvert Road.
Picture of the hot desk area in the College Park WeWork


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A partnership between the University of Maryland and Chesapeake Realty Partners has brought the first WeWork on a college campus to the University of Maryland. WeWork's inaugural Maryland location provides both private and coworking spaces to students, organizations and business owners in the Innovation Gateway to UMD's Discovery District.
Artists rendering of the new City Hall

City Hall

A unique partnership between TDC, the University of Maryland and the City of College Park will bring a brand new City Hall and public plaza to downtown College Park. Located at the intersection of Knox Road and Baltimore Avenue, the joint venture will be home to a brand new, state of the art City Hall building, with UMD occupying two floors of the building. TDC will control the first floor retail space in the development. The cornerstone of the project is the creation of a public plaza where the community and university can come together.
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Street view of The Hotel UMD from the opposite side of Baltimore Avenue, at sunset.

The Hotel UMD

The Hotel at the University of Maryland is the first of many transformational projects of the Greater College Park initiative. The four diamond hotel is owned and operated by Southern Management Company, and is home to 297 guest rooms, 43,000 square feet of conference and meeting room space, and four eateries. The eastern ground floor of The Hotel is home to Diamondback Garage, a collection of collaborative office spaces, including Capital One's Tech Incubator, data management company Immuta, software company Adobe's Research Lab and the Startup UMD Suite, a suite of UMD offices dedicated to fostering innovation and entrepreneurship on campus and in the College Park community.

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Picture of the hot desk area in the College Park WeWork

Knox Road

TDC has partnered with Greystar Real Estate Partners to develop a state-of-the-art student housing project with more than 21,000 square feet of ground floor retail at the intersection of Knox Road and Sterling Place. The project will have approximately 788 student housing beds, as well as a grand staircase to connect campus to downtown College Park. Through this project, Sterling Place will be transformed into a pedestrian friendly festival street, creating a unique retail environment that doesn’t currently exist in Greater College Park.


Greater College Park Initiative

Together, we are building a community here.
Wallace D. Loh, Former President, University of Maryland

One of the key tasks of Terrapin Development Company is to carry out the vision of the Greater College Park initiative. The Greater College Park initiative was launched by University of Maryland President Wallace Loh as an effort to turn College Park into one of the nation's top college towns.

Utilizing the three pronged approach of building dynamic academic spaces, promoting a vibrant downtown community full of amenities and creating a public-private hub for research and innovation, Greater College Park is a place families and individuals of all stages in life can live, work and play. Terrapin Development Company works closely with the University of Maryland and the local community to make this vision a reality.


Unprecedented Redevelopment

“Together, we are building a community here,” says former UMD President Wallace Loh.

“If we are to recruit and retain the world’s best faculty and staff, we need housing options, stores and restaurants, green spaces. And we need to intrinsically tie together our academics and research with our surrounding communities.”

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The Innovation Gateway

Innovation happens in UMD’s Discovery District Research Park every day. Visit the Innovation Gateway site to get up to the minute information about available resources, success stories and how you and your venture can get involved with the Discovery District.

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