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South Lake Marketplace is part of a $1.3 billion mixed-use development in Bowie exceeding 380 acres. (Courtesy of South Lake)
Bowie development project gaining momentum
Listen to this articleSouth Lake, a $1.3 billion, 381-acre mixed-use development, is preparing for the second phase of its marketplace development project as Phase I is nearing full occupancy, developers announced June 11.
Located at 700 Fairmont Drive, Southlake Marketplace is the retail and dining element of the massive development. A statement released by South Lake indicates the 600,000-square-foot retail district — anchored by Giant Food — has secured commitments from national and local retailers.
“The leasing momentum we’re experiencing reflects the pent-up demand for quality retail and dining options in this market,” said Gary Michael, president of NAI Michael, the project’s developer. “We’re planning to turn spaces over to tenants so they can get their spaces ready this summer, with opening dates dependent on each tenant’s individual preparation timeline.”
Some confirmed tenants for Phase I include Chase Bank, Sheetz, Panera Bread, McDonald’s, Panda Express, Jersey Mike’s Subs and Maryland-based Ledo Pizza.
Local operators joining Marketplace, according to a release, include Lance London and Mi Lindo Cancun Grill. Additional local businesses include 4th Quarter Sports Bar, AjaBlu Salon & Studio, Dat Jerk and more. Development plans for Phase II – which will feature more retail space, two hotels, and an indoor sports complex – are being finalized and details will be announced soon, South Lake confirmed.
