Greenberg Gibbons Closes on Frederick Brickworks Property: Plans Construction Start on New $450+ Million Mixed-Use Destination in Maryland

Baltimore, Md. (June 30, 2026) — Greenberg Gibbons, one of the East Coast’s premier developers, investors, and operators, announced today it has closed on the Frederick Brickworks property and will begin construction in July on the $450+ million, 65-acre mixed-use destination in Frederick, Md., on the former brick manufacturing site that is the project’s namesake. Located along the thriving I-270 technology corridor, Frederick Brickworks will pay tribute to the site’s history and create an attractive gateway into Frederick’s historic downtown district, which attracts more than two million visitors annually.

“Closing on the Frederick Brickworks property marks a pivotal milestone in bringing to life our vision that has been more than seven years in the making,” said Eric Walter, president of Greenberg Gibbons. “We look forward to continuing to collaborate with the community and local officials to deliver a dynamic, mixed-use destination everyone can be proud of.”

Frederick Brickworks will include up to 100,000 square feet of retail space anchored by a premier organic grocer and a new-to-market fitness studio. The retail portion of the mixed-use destination is already 50% leased and will feature a mix of leading retail stores and fast-casual restaurants. It will also include up to 700 contemporary apartments and 320 for-sale townhomes built by Wormald and NVR, Inc. Additionally, the destination will feature seven acres of dedicated park space.

“Frederick Brickworks represents the kind of thoughtful growth that will strengthen Frederick for generations,” said City of Frederick Mayor Michael O’Connor. “This project transforms a historic industrial site into a vibrant neighborhood where people will live, work, shop, learn, and connect. It brings new housing opportunities, significant economic investment and dedicated park space all while honoring an important part of Frederick’s history. We’re grateful to Greenberg Gibbons and their partners for their long-term commitment to our city and for helping create a gateway development that reflects Frederick’s continued growth and promise.”

“Projects like Frederick Brickworks reflect our approach to developing destinations that become meaningful, integrated parts of the communities they serve,” said Brian Gibbons, chairman and CEO of Greenberg Gibbons. “We look forward to creating a destination that feels true to Frederick while bringing new energy and opportunities to the area.”

Construction is expected to begin this summer and will proceed in two phases. The first phase will include 100,000 square feet of retail, 332 apartments, and 320 for-sale townhomes, and is expected to be completed in late 2028. The second phase will include up to 350 apartments.

“Frederick Brickworks demonstrates the power of thoughtful infill development—revitalizing a historic site to create new housing opportunities, economic investment, and public spaces,” said Frederick County Executive Jessica Fitzwater. “More importantly, it will be a community where people can live, work, and thrive while enjoying a strong sense of place and belonging. By transforming an underused industrial area into a vibrant neighborhood, this project honors Frederick’s past while meeting the needs of our growing community. We are grateful to Greenberg Gibbons and their partners for their continued investment in Frederick.”

Frederick Brickworks will generate significant economic benefits for the Frederick community and greater Maryland region. The project is anticipated to support approximately 5,600 jobs—including 1,300 permanent positions and 4,300 construction jobs—and generate an estimated $181 million in annual business sales, $7.6 million in annual tax revenues, and $52 million in annual employee compensation.

 

About Greenberg Gibbons

Celebrating 58 years of success, Greenberg Gibbons is one of the East Coast’s premier developers, investors, owners, and operators of mixed-use, retail, commercial, and residential properties. The firm’s rapidly expanding portfolio includes more than 6.7 million square feet and $1.6 billion in assets. Its innovative ground-up development and revitalization projects create engaging destinations and inspiring experiences, while making a positive ripple effect in the communities they serve. Headquartered in Baltimore, Greenberg Gibbons has more than 55 projects across eight states. For more information, visit www.ggcommercial.com.