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New Plaza Towers Owners in Hyattsville, Maryland, Jump on Renovation Bandwagon

DC Suburb Has Seen Investors Pour $780 Million Into Improving Aging Apartment Stock, Though New Luxury Apartments Are Also on Their Way
By Kyle O'Connor
March 8, 2019 | 10:19 P.M.

Plaza Towers Apartments, a 288-unit, high-rise apartment community located at 6700 Belcrest Road in Hyattsville, Maryland, has sold to a joint venture that plans to pump some much needed capital into the complex, a strategy that has taken root over the last decade in a suburb comprised primarily of aging, outdated apartments.

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