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Largo site auction canceled

A group of developers who planned a major mixed-use development near the Largo Metro station, then filed for bankruptcy before breaking ground, abruptly canceled an auction that could have seen the 18-acre site sold today, according to the Washington Business Journal.

Washington Management and Development Co.'s plans, hatched in 2005, called for nearly 500 multi-family residential units, more than 130 condos and 32,000 square feet of retail.

An earlier auction planned for January was also canceled.

A similar plan for major, dense building on property adjacent to the Greenbelt Metro station nearby has languished for years.

By Luke Rosiak  |  May 10, 2010; 2:41 PM ET
Categories:  Construction  
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