Petrie Richardson Ventures

"Bricks Meets Bits" Survey Tracks Consumer Retail Shopping Preferences

WASHINGTON, DC (August 8, 2016) – Petrie Richardson Ventures (PRV), owner-developer of retail centers Ellsworth Place in downtown Silver Spring, MD, and Woodmore Towne Centre in Glenarden, MD, announced today the results of a large-scale survey examining the influence of evolving social, lifestyle, entertainment and technology developments on Americans’ shopping habits.

Petrie Richardson Ventures Closes on Nordstrom Rack Land Acquisition at Woodmore Towne Centre

GLENARDEN, Md. (July 1, 2016) – Petrie Richardson Ventures (PRV) and Prudential Real Estate Investors, the owner-developers of the 140-acre, 700,000-square-foot mixed-use development Woodmore Towne Centre, announced today the acquisition of a five-acre land parcel from DR Horton for the construction of Prince George’s County’s first-ever Nordstrom Rack.

Renovated Ellsworth Place Fully Leases Anchor Spaces Ahead of Fall 2016 Grand Reopening

SILVER SPRING, Md. (June 9, 2016) – Petrie Richardson Ventures (PRV) and Rockwood Capital, the owner developers of Ellsworth Place retail center in downtown Silver Spring, announced today full lease-up of all anchor tenant spaces in the fully renovated Ellsworth Place (formerly City Place Mall).

Woodmore Towne Centre Signs Long-Term Lease with Kobe Japanese Steak & Seafood

GLENARDEN, Md. (March 3, 2016) – Petrie Richardson Ventures (PRV) and Prudential Real Estate Investors, the owner-developers of the 140-acre, 700,000-square-foot mixed-use development Woodmore Towne Centre, announced today that Virginia-based Kobe Japanese Steak & Seafood signed a long-term lease for 6,461 square feet at the Centre. 

Woodmore Towne Centre 90 Percent Leased with New Restaurants, Kumon Learning Center

GLENARDEN, Md. (February 2, 2016) — Petrie Richardson Ventures (PRV) and Prudential Real Estate Investors, the owner-developers of the 140-acre mixed-use development Woodmore Towne Centre, announced today the Centre is 90 percent leased with recently signed tenants 1000 Degrees Neapolitan Pizza, Hook and Reel Cajun Seafood Restaurant, Honu Hawaiian BBQ, Kumon Learning Center and Wings 21.