General Growth Properties and Kimco Realty announced plans Thursday to redevelop Owings Mills Mall with a new format and mix of tenants.
Sparking life in the struggling retail complex has been near the top of Baltimore County Executive Kevin Kamenetz’s agenda since he won the top office last year.
“Together, these powerhouse developers will bring fresh ideas, new stores and an exciting vision for retail shopping in Owings Mills,” Kamenetz said. “They’ve got the track record, the relationships with national retailers and the expertise to once again make Owings Mills a dynamic regional shopping destination.”
Shobi Khan, chief operating officer of GGP, said in a statement the companies are “exploring a number of options to revive” the ailing mall with 1 million square feet of space in western Baltimore County.
Those options include big box stores, “junior boxes,” department stores and exterior-facing retail.
The 25-year-old mall is anchored by Macy’s and JCPenney, both of which will be “key players in the redevelopment of Owings Mills Mall,” said GGP spokesman David Keating.
He said the developers hope to settle on a plan for the mall early next year.
“The announcement that most of Owings Mills Mall will essentially be torn down and turned into a state-of-the-art retail destination is outstanding,” said Councilman Ken Oliver. “I’ve been waiting for this announcement for more than a decade.”