Matan Companies has been instrumental in the development of Riverside Corporate Park and Riverside Research Park with the development of over 750,000 SF of Class A office space and lab space. Between both parks, the company has the ability to accommodate an additional 1.4 million SF of office, lab, and industrial space.
“Matan Companies’ commercial projects on Frederick’s northeast side have made a significant impact on our local economy. The Wells Fargo project at Riverside, for example, delivered one of the largest local employers to our community. The company’s Riverside Research Park – a 177-acre biomedical research and development campus – has helped solidify Frederick’s position within the BioHealth Capital Region as a leader in the life sciences. The campus is home to the National Cancer Institute at Frederick and Frederick National Laboratory for Cancer Research, which not only serves as a major employment center but has also attracted world-class talent and resources to our City.
The remaining sites available at the Research Park offer some of the City’s most exciting development opportunities. With its close proximity to NCI, FNLCR and Fort Detrick, as well as strategic access to major interstates & airports, the campus features ready-to-build pad sites – providing opportunities for new life science and technology companies to join Frederick’s booming economy.”
- Mary Ford-Naill, City of Frederick, Manager of Economic Development
Now the company is gearing up for a major mixed-use expansion to the area that will significantly impact the local economy. Read the inside scoop from …
Brian Morris, Development Coordinator
at Matan Companies
On Matan’s next Project
Matan Companies is currently working on a vibrant mixed-use development totaling 1,050 units and 105,000 SF of non-residential known as Renn Quarter. The project is situated along Carroll Creek giving it the opportunity to connect directly to downtown Frederick via the Carroll Creek linear park. With a mix of single-family homes, townhomes, apartments, and retail, Renn Quarter will complement the City of Frederick in its vibrancy and help support the growing need of housing within the City of Frederick.
On the Importance of Infrastructure
The City’s commitment to new road infrastructure has attracted new development. This will continue to be realized over the next several years. The more the City can plan for and improve areas like Monocacy Boulevard will help sustain the area’s growth and contribute to the economic vitality of Frederick.
On Community Impact
Improving the City’s infrastructure and road networks, while introducing new, interesting housing options for people close to where they work, will help spur employment and kick-off critical commercial development projects in this area. The City of Frederick already has a sense of place with cool restaurants, fine dining, great shops, breweries, fun events, and on and on. Most communities try to replicate this, but we already have it. As we build on that sense of place, more employers will be continue to be attracted to Frederick and invest in the community and its people.
What’s Next for the Area
We see this region as a steady growth area. Given the residential pipeline and surrounding commercial developments and public infrastructure, overtime this area will only continue to expand and contribute to the City’s economy.