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The state of Maryland recently contracted developer Petrie Ross Ventures to redevelop a 15-acre state-owned parking lot near Maryland Rail Commuter’s Savage Station into a mixed-use development.

The $175 million transit-oriented development project includes building one hotel, two restaurants, 53,000 square feet of retail space, 260 multi-family residential units, 145,000 square feet of office space and a five-level parking garage.

Construction is expected to begin in summer 2008.