On Budget and On Time - Patuxent Business Park Takes Shape

PRINCE FREDERICK, Md. – June 19, 2006 – Paving is complete at the Patuxent Business Park (PBP) in Lusby, Md. - ahead of schedule and on budget. The paving project, part of Phase I work that also includes infrastructural development like wastewater management, electric, sewer and water systems, allows for the late summer start of construction on the Park’s first building, a 20,000 square foot office condominium.

The building, to be managed by Osprey Development Company, a real estate development and investment company, will be designed to house up to eight office condominiums that will sell at competitive Southern Maryland rates.

PBP is Southern Maryland’s first comprehensively planned business campus, designed to accommodate a wide range of innovative businesses. The project grew out of the County’s desire to recruit high technology organizations and build on Calvert’s ideal proximity to the Patuxent River Naval Air Station and the nation’s capital.

With significant assistance from the Maryland Department of Business and Economic Development (DBED), and cooperation from the Maryland Economic Development Corporation (MEDCO), the County created a partnership that has, together, designed the 700,000 square foot Park, clearly demonstrating why Calvert County is the place where quality of life, an entrepreneurial climate and forward-thinking partners come together.

For more information about the Patuxent Business Park, fill out our request for information form or contact the Calvert County, Md. Department of Economic Development, call 410.535.4583 or 800.331.9771, e-mail info@ecalvert.com.

Calvert County is Maryland’s smallest county in land area with 213 square miles. It is home to over 88,000 people and has one of the highest standards of living in Maryland. There are more than 4,000 businesses in the County and a labor force of at least 1.8 million resides within a one-hour drive. Major industries include defense contracting, information technology, tourism, light manufacturing and administrative services.

 

updated 1/29/2007