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Monday, December 12, 2016

After MGM Opening, Milt Peterson Is Not Done Developing National Harbor

Click on the image for the BisNow report)
  • Eight years ago, in the height of the recession, Peterson opened the waterfront, mixed-use community at National Harbor, and five years later, it opened the 350k SF Tanger Outlets. Milt, who still owns much of the land around National Harbor, sees MGM as an anchor that will lead to even more development. As for what the next step is, he's keeping an open mind.
  • Peterson has already submitted plans to the county for an adjacent 1.2M SF mixed-use development with a 500-key hotel and 700 residential units to complement the resort.