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Greenberg Gibbons partners on first phase of Hunt Valley overhaul

The project planned by the partners is the first phase of a larger redevelopment of the Hunt Valley Towne Centre that is expected to cost $150 million. (Greenberg Gibbons)

The project planned by the partners is the first phase of a larger redevelopment of the Hunt Valley Towne Centre that is expected to cost $150 million. (Greenberg Gibbons)

Greenberg Gibbons has formed a joint venture with Seritage Growth Properties to overhaul nearly 14 acres in northern Baltimore County as part of a redevelopment of the Hunt Valley Towne Centre.

The project planned by the partners is the first phase of a larger redevelopment of  the Hunt Valley Towne Centre that is expected to cost $150 million. Overall plans include construction of retail, office, hotel and apartments.

“We are excited to partner with Seritage on this transformative project,” Eric Walter, executive vice president of development, acquisitions & finance for Greenberg Gibbons, said in a statement. “We look forward to the continued evolution of Hunt Valley Towne Centre and creating a vibrant destination for our community.”

The first phase of redevelopment, announced on Thursday, includes revamping a two-story former Sears building behind the shopping center’s Wegmans supermarket. Currently, the building’s first floor is occupied by Michael’s and HomeGoods. The developer envisions the second floor as additional retail and entertainment space.

Greenberg Gibbons is one of the most active developers in the region. It recently announced additions at two of its biggest projects.

In April Greenberg Gibbons and partner Vanguard completed a deal with AvalonBay Communities Inc. to build the first and only residential building planned at the mixed-use Foundry Row project in Owings Mills.

The Avalon Foundry Row is expected to provide 437 apartments with such amenities as co-working space, dog parks and a swimming pool. Greenberg Gibbons and AvalonBay Communities Inc. are also working together on residential development at Hunt Valley Towne Centre.

Foundry Row, including the five-story Avalon Foundry Row, is expected to cost more than $200 million. Greenberg Gibbons and Vanguard transformed The former Solo Cup manufacturing site in Owings Mills into a mixed-use development anchored by Wegmans.

In late March Towson University and Greenberg Gibbons shared plans to turn the Maryland National Guard Armory into a hybrid co-working, business incubation and engagement center.

The historic armory in downtown Towson, which dates back to 1933, provides 21,000 square feet of space, and adjoins the developer’s $350 million Towson Row project.

Towson Row, at full build-out, is projected to provide 80,000 square feet of restaurant and retail space, 150,000 square feet of offices, apartments, hotel and student housing.

Greenberg Gibbons in 2018 also opened a second office at its Annapolis Towne Centre project. At the time the company said the project was 87 percent leased.

 


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