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University of Maryland Welcomes New Neighbor this Year: Trader Joe’s

Grocery Store Will Be First in Prince George’s County, Thanks to Partnership and Collaboration

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COLLEGE PARK, Md. - The University of Maryland and the Terrapin Development Company (TDC) welcome Trader Joe’s to College Park, as the grocer confirms its plans to open its first Prince George’s County location in 2022. University leaders credit TDC, County Executive Angela Alsobrooks, Councilmember Dannielle Glaros, Mayor Patrick Wojahn and a partnership with Bozzuto, Willard Retail and JP Morgan for helping bring a store to the university-adjacent, expanding Baltimore Avenue corridor.

“Partnership makes it possible, and we are grateful to city, county and university leadership who have joined forces with Bozzuto to champion this effort every step of the way,” said Ken Ulman, president of TDC and Chief Strategy Officer for Economic Development at the University of Maryland. “We are eager for Trader Joe’s to open its doors to Maryland students, faculty and staff and our College Park neighbors, as we drive even more economic growth in the region.”

Alsobrooks trumpeted the accomplishment at a State of the Economy address earlier today.

“We are all excited to have this new grocery option in Prince George’s County,” she said to cheers from the audience. “This has been a long time coming, and a tremendous amount of work was required to make this happen.”

The latest addition to Greater College Park follows efforts by the TDC, a real estate entity created by the university and the University of Maryland College Park Foundation, to buy and redevelop the land and use a competitive process to identify partners.

“We are delighted that Trader Joe’s will anchor a dynamic retail experience at Aster College Park, giving our residents and the community an extraordinary place to gather,” said Toby Bozzuto, president and chief executive officer of the Bozzuto Group. “Along with our partners, we are so excited to build upon all of the incredible growth taking place in and around College Park.”

“The City of College Park collaborated with the County to help make the case for this location, anchored in a growing community and a thriving college town. “College Park is thrilled to welcome Trader Joe’s to our diverse and vibrant community,” said Wojahn. “This high-quality grocer will provide a great business for our residents and visitors, marking another milestone in our reinvention of downtown College Park.”

Trader Joe’s will be on the first floor of the Aster, a Joint Venture of Bozzuto, JP Morgan, Willard Development and TDC. The location of the store will be 4429 Calvert Road, at the intersection of Baltimore Avenue. It is expected to open later this year.


About Terrapin Development Company

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. Through transformative real estate activity that holistically enhances the vision of the Greater College Park initiative, Terrapin Development Company strives to create an equitable, vibrant city built for the community, UMD faculty & students, and its entrepreneurial & research hub. www.terrapindevelopment.com

About the University of Maryland

The University of Maryland, College Park is the state's flagship university and one of the nation's preeminent public research universities. A global leader in research, entrepreneurship and innovation, the university is home to more than 40,000 students, 10,000 faculty and staff, and 300 academic programs. As one of the nation's top producers of Fulbright scholars, its faculty includes two Nobel laureates, six Pulitzer Prize winners and 58 members of the national academies. The institution has a $2.3 billion operating budget and secures more than $1.3 billion annually in research funding together with the University of Maryland, Baltimore. For more information about the University of Maryland, College Park, visit www.umd.edu .

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