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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 to create long term value for its members while transforming Greater College Park into a vibrant, diverse and walkable community.

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Terrapin Development Company


The Terrapin Development Company's (TDC) mission is to turn College Park into one of the nation’s premier college towns and to create long term value for its members by 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.

The TDC's primary responsibilities are real estate strategy, acquisition, development, leasing, and management of properties in the Greater College Park area, with a particular focus on "placemaking," a people-centered approach to the planning, design and management of public spaces. The TDC is focused on local economic vitality by 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. The TDC works across multiple disciplines and leverages our relationships to grow our college town.

Our team can help your business, large or small, find a home in Greater College Park. Our partners have inventory of Class-A office, flex research and development (R&D), and retail/storefront space that could be your business’s next home. From small start-ups to global household names, there is a space for everyone in Greater College Park. If you are a real estate developer looking to invest in Greater College Park, the TDC can help identify opportunities for investment, including land located in Opportunity Zones. The TDC also works to support the existing community by supporting events, programs, public art and philanthropy that enhance the community and make Greater College Park a great place to work, live and recreate.  

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Southern Gateway Rendering
Rendering of Southern Gateway Development
Southern Gateway Mixed-Use Development
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.
4600 River Road COPT
Rendering of 4600 River Road
4600 River Road project with COPT
The fourth building in a joint venture between COPT and UMD will be located at 4600 River Road and will have four stories of Class A office space and on-site parking. It will be minutes away from a Green Line Metro station and a future Purple Line station.
The Hotel at UMD
View of The Hotel at UMD on Baltimore Avenue
The Hotel at 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.

Use Terrapin Development Company to…

  • Find a lab/office for my venture

    Greater College Park has several options for office space, for companies of all sizes. WeWork College Park is a great option for small or short term offices. UMD’s partnership with Corporate Office Properties Trust (COPT) has also resulted in several buildings of Class-A office space in the heart of UMD’s Discovery District. Not sure what type of space you need? Contact Terrapin Development Company at to set up a time to talk about the needs of your venture and what spaces would be a good fit.

  • Find a lab/space for creating/making

    There are many companies starting to locate in Greater College Park that make hard goods and need a flexible space that can be built out for light manufacturing needs. UMD’s partnership with St John Properties has resulted in the development of three buildings of flex R&D space for companies that create. Not sure what type of space you need, then contact Terrapin Development Company at to set up a time to discuss the needs of your venture and what spaces would be a good fit.

  • Relocate my venture to College Park

    If you are considering relocating your venture to College Park, that’s great news! We would love to help you out. Contact Terrapin Development Company at to set up a time to talk about your venture, the type and size of space you need, potential partnerships with the University of Maryland, and other questions you may have about relocation. The Discovery District continues to thrive as more businesses and companies are calling Greater College Park home.