RPAI breaks ground on downtown Towson project
The transformation of downtown Towson, Md., is underway.
Baltimore County Executive Kevin Kamenetz joined with representatives of RPAI and Avalon Bay yesterday to break ground on a $125 million mixed-use makeover of a key intersection in Towson.
When completed, the areas surrounding Towson’s traffic circle will become known as Circle East, a 371-unit apartment community with 240,000 sq. ft. of street level retail.
“The existing site wasn’t configured right from the start; it featured one side of the street as a hole with lower level parking and retail entrances that ran under the road,” said Greg Goldberg, RPAI’s eastern division leasing director. “We’re moving the retail up to the street to create a double-sided retail presence and redeveloping the existing space to better serve pedestrian traffic.”
At the groundbreaking ceremony, Kamenetz lauded developers that have brought a billion-dollars-worth of new projects to the Baltimore County seat. “With Circle East starting construction, downtown Towson continues its dynamic growth as a vibrant place to live, work, and enjoy life,” he said.
Adjoining Circle East are Towson Square, anchored by a Cinemark theater and restaurants, and Towson Town Center, a GGP-owned regional mall housing Nordstrom, Macy’s, Tiffany & Co., Burberry, and Louis Vuitton.
Estimated completion date for Circle East is the fourth quarter of 2019.
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Baltimore County Executive Kevin Kamenetz joined with representatives of RPAI and Avalon Bay yesterday to break ground on a $125 million mixed-use makeover of a key intersection in Towson.
When completed, the areas surrounding Towson’s traffic circle will become known as Circle East, a 371-unit apartment community with 240,000 sq. ft. of street level retail.
“The existing site wasn’t configured right from the start; it featured one side of the street as a hole with lower level parking and retail entrances that ran under the road,” said Greg Goldberg, RPAI’s eastern division leasing director. “We’re moving the retail up to the street to create a double-sided retail presence and redeveloping the existing space to better serve pedestrian traffic.”
At the groundbreaking ceremony, Kamenetz lauded developers that have brought a billion-dollars-worth of new projects to the Baltimore County seat. “With Circle East starting construction, downtown Towson continues its dynamic growth as a vibrant place to live, work, and enjoy life,” he said.
Adjoining Circle East are Towson Square, anchored by a Cinemark theater and restaurants, and Towson Town Center, a GGP-owned regional mall housing Nordstrom, Macy’s, Tiffany & Co., Burberry, and Louis Vuitton.
Estimated completion date for Circle East is the fourth quarter of 2019.
Connect with me on LinkedIn | Follow me on Twitter