Baltimore developer buys land for new multifamily project at Largo Town Center Metro

A Baltimore firm has acquired a vacant parcel in Largo next to Metro with plans to develop a multifamily building, bringing the area one step closer to the mixed-used downtown Prince George’s has envisioned, and incentivized with tax perks, to take shape there. An affiliate of Klein Enterprises, a developer and real estate services company, bought the vacant 5.1-acre lot at 9420 Grand Blvd., adjacent to the Largo Town Center Metro Station, from an affiliate of D.C.-based PNGS Management Co. The $13 million deal closed Sept. 14, according to property records.