Terra Verde’s President and CEO Mr. Thomas Farasy served on the Joint Development Task Force of the Washington Metropolitan Transit Agency (WMATA), which operates the region’s Metro rail system. This vital Task Force was charged with recommending a comprehensive overhaul to WMATA’s real estate joint-development program at or near Metro stations.
Mosaic at Metro is a Transit-Oriented Luxury Apartment Community in Prince George’s County, Maryland. Mr. Farasy and associates developed this property in collaboration with Metro, HUD, and County officials.
As reported in the Washington Post, in Prince George’s County alone, there are more than 2,500 acres of undeveloped or underdeveloped land at or near Metro Stations. Having worked successfully with both Metro and Prince George’s County officials, Mr. Farasy brings special day-to-day expertise to development challenges and opportunities at regional Metro sites.