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MegadealsSubsidy Tracker Individual Entry
Company: RPAI Capital Centre II LLC
Parent Company:
Subsidy Source: local
Location: Maryland
City: Upper Marlboro
County: Prince George's
Address: 801 Capital Centre Blvd
Zip: 20774
Project Description: A mixed-use development consisting of approximately 407,000 square feet of office space, 300 hotel rooms, approximately 169,750 square feet of retail/restaurant space, 1,736 multi-family units, and 3,819 spaces in structured parking.
Year: 2022
Subsidy Value: $95,000,000
Program Name: Payment in Lieu of Tax
Awarding Agency: Prince George's County Council
Type of Subsidy:
MEGADEAL (Archived)
Capital Investment: $973,569,695
Source of Data: princegeorgescountymd.legistar.com/gateway.aspx?M=F&ID=af2d2c94-db5d-48cf-9fd3-ce625becda0d.pdf; Dan Brendel, "Prince George's County revises incentive package for huge mixed-use project near Largo," Washington Business Journal (District of Columbia), June 23, 2022, online at
(click here)
Notes: RPAI Capital Centre II LLC is an affiliate of Kite Realty Group Trus. Year is calendar year when deal was approved. This project was previously the subject of a PILOT agreement which offered a singular 15-year PILOT. The new agreement allows each of the 11 phases of the Project to be eligible for new fifteen 15-year PILOT agreements. Each phase of the Project is deemed eligible for a PILOT agreement once each phase is delivered upon. The first phase is set to be finished in April 2023, the final phase is set to be completed in December 2034. Accordingly, the final PILOT agreement expires in December 2049. The subsidy value is the estimated foregone real property tax revenue between 2022 and 2049 after accounting for the project's PILOT payments. Capital investment is total project cost. Overlaps with main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.