Greenberg Gibbons and Vanguard to Finally Break Ground This Year on $140M Foundry Row Project in Owings Mills
- Mar 03, 2014
In 2012, Greenberg Gibbons and Vanguard Commercial Property Development announced their plans to start work on the $140 million Foundry Row development in Owings Mills. They immediately encountered opposition from neighboring developers, also working on important projects in the area. And, after years of fighting, they finally won.
Recently, the Baltimore County Board of Appeals upheld the Administrative Law Judge’s decision to approve the site development plan for Foundry Row, thus rejecting all of the opposition’s claims. With this important hurdle out of the way, Greenberg Gibbons and Vanguard can now submit their permit applications. Construction could start later this year.
“We are pleased with the Board’s decision and commend the elected officials and community groups who have been steadfast in their support of this project,” Brian Gibbons, chairman and CEO of Greenberg Gibbons, said in a statement for the press. “We look forward to turning our attention to the construction phase of Foundry Row and getting one step closer to bringing Wegmans to Owings Mills.”
Foundry Row is a mixed-use development located on 52 acres of land near the intersection of Reisterstown and Painters Mill roads. The center will be anchored by a state-of-the-art, 130,000-square-foot Wegmans grocery store. It will also feature 365,000 square feet of retail space, a national fitness anchor, a sporting goods anchor, upscale shops and restaurants, as well as 60,000 square feet of Class A office space.
“We are thrilled that plans for Foundry Row continue to make positive headway,” said Ralph Uttaro, senior vice president of real estate and development of Wegmans Food Market. “We remain totally committed to Owings Mills and look forward to opening our store at Foundry Row.”
Greenberg Gibbons said in a news release that the construction phase of the $140 million project will support 2,300 full- and part-time jobs in Baltimore County, as well as $264 million in sales of goods and services from county businesses. Foundry Row is expected to open in 2015. It will create 3,100 jobs and bring an estimate of $4.8 million in annual fiscal benefits for Baltimore County. The state of Maryland also stands to receive $8.2 million each year in tax receipts as a result of the project’s operations at full build-out.
Photo credits: Greenberg Gibbons