Ward 8 entrepreneur Ivan Jose Cloyd is expanding his real estate holdings

A district entrepreneur known for his streaming service has recently expanded into property development.

Ivan Jose Cloyd, who owns and manages the district-based quadrant which offers people and institutions the opportunity to broadcast their activities, made contacts to develop properties in District 7 and sent feelers for a development opportunity major in central Prince George’s County.

Cloyd, who resides in the Congress Heights area of ​​Ward 8, said getting into real estate development isn’t just about making money.

“Many developers buy properties in order to do one thing: make money,” he said. “That’s not what I want to do. I want to help the community and prevent people from losing their homes and being displaced.

Cloyd is already playing a role in the proposed development of the former Fletcher-Johnson College and Recreation Center in the Southeast. Fletcher-Johnson, which will be known as Fletcher-Johnson at the Park, will feature 817 rental and for-sale units in the form of condos, multi-family rental apartments and affordable seniors housing. Cloyd said he would own a commercial condo that could serve as a space for film and entertainment content. Some of Quadrant’s operations will operate out of the Fletcher-Johnson condo, he said.

Further west on Benning Rd., NE of Fletcher-Johnson, Cloyd and a group of partners are actively seeking to purchase the property on the 3900 block. A convenience store and recently a 7-11 outlet, used to occupy the block 3900, which is at the intersection of Benning Road and Minnesota Ave., NE Documents obtained by the Informant reveal that Mossad Chughtai, the owner of Shop E Inc., owns block 3900.

“I found out from a friend that the owner of 3900 wanted to do something with this property,” Cloyd said. “So I got in touch with him. I had many conversations with the owner, who lives in northern Virginia. He wants to stay involved in the communities east of the river where he owns properties and I have agreed to help him do that.

Cloyd spoke with leaders of the 7F Neighborhood Advisory Board and enlisted their support to build on the property. He envisions a six-story building with 50 condo units and retail space. Cloyd said an undisclosed retail tenant said to be an anchor for the project and although he didn’t say who, he said “they could be considered the best coffee chain in the world “.

In Prince George’s County, Cloyd has expressed interest in building housing, among other amenities, along the Central Avenue corridor between the Capitol Heights subway station and the Addison Road-Seat Pleasant subway station. Prince George’s County Executive Angela Alsobrooks and Maryland Governor Larry Hogan announced a $400 million economic development package in April to make the Blue Line corridor area a major business hub. , education and the arts.

Cloyd would like to develop 25 Yacht Place in Capitol Heights, into a residential and commercial development. Cloyd’s 25 Yacht Place location would be less than a block from the Central Avenue corridor and less than a mile from both subway stations. He also contacted the development company, Lanham-based NAIMichael, regarding the Metro City project. Metro City is a few blocks south of the Addison Road-Seat Pleasant subway station on Addison Road and spans over 38 acres. The plan includes a mixed-use development with commercial and residential units.

Metro City exists in a Federally Qualified Opportunity Zone, and Cloyd believes the designation will give him some leverage in pursuing property.

“The county is asking for developers for these projects,” Cloyd said. “It’s something we will pursue. It’s a no-brainer. People will be able to walk or cycle to the metro.