Shopping Center Business

MAY 2016

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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CENTER REVIEW 102 • SHOPPING CENTER BUSINESS • May 2016 R obust economic growth and con- sistently low vacancy rates have sparked a push for retail develop- ment across the Mid-Atlantic in recent years, from the District of Columbia to the suburbs of Baltimore. To answer the escalating desire for open-air retail, Greenberg Gibbons and Vanguard Re- tail Development Inc. have embarked on Foundry Row, a nearly 400,000-square- foot mixed-use development in Owings Mills, Maryland. The site, acquired by Greenberg Gib- bons and Vanguard in 2011, will be home to 356,000 square feet of main street retail anchored by Wegmans and a 40,000-square-foot offce building. "We created a main street with a collection of retail and restaurants anchored at the terminus by a large, 40,000-square-foot offce building," says Tom Fitzpatrick, president and COO of Greenberg Gib- bons. "The offce complex will have an Greenberg Gibbons' Foundry Row project will contain an open-air retail main street featuring a variety of dining and retail tenants anchored by Wegmans grocery store. Foundry Row Moves Forward The upscale, open-air retail center edges closer to its fall opening. Katie Sloan The site — previously home to a Solo Cup manufacturing facility — was demolished to make way for the new retail and offce development.

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