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Hogan Cos. sell 7 acres of commercially zoned land

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This is a rendering of the proposed Cross Stone Commons in Middletown. (Submitted)

Annapolis-based Hogan Cos. have announced it has sold seven acres of commercially zoned land in Middletown that is set to become an upscale shopping center.

Middletown Valley Investment Partners purchased the land for an undisclosed amount, and had previously secured approvals for the project. The company has already broken ground on the project and a CVS Pharmacy is set to begin construction on what is being called Cross Stone Commons.

“My clients are very excited to begin construction on Cross Stone Commons,” Victor White, chief operating officer and broker, said in a news release. “This project is the result of years of hard work and collaboration between the developer and the Town of Middletown to ensure this project meets the quality of design that suits the area.”

The site, in the 200 block of Middletown Parkway, is approved for several retail buildings. A 10,800-square-foot building will be the first completed and two additional pad sites will accommodate a 4,500-square-foot and a 7,000-square-foot structure.

 

About Adam Bednar

Adam Bednar covers real estate and development for The Daily Record.

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