Annapolis Towne Centre Wins MEDA Redevelopment Award

Owings Mills, Md. (June 6, 2011) — Greenberg Gibbons announced today that its Annapolis Towne Centre project, a $500 million mixed-use development in Annapolis, Md., received the MEDA Economic Development Redevelopment Project Award from the Maryland Economic Development Association.

The statewide MEDA Economic Development Redevelopment Project Award recognizes the positive impact of a redevelopment project including coordination of partnerships, leverage of resources, innovation and creativity, community revitalization, impact upon the tax base, enhancement of community life, and environmental stewardship.

Annapolis Towne Centre won the award for its innovative mix of retail, dining, office space and residential housing. The center was also recognized for its smart design, environmental sustainability, effective partnerships and for generating $75 million in compensation for local employees.

“We are honored that the Maryland Economic Development Association has recognized Annapolis Towne Centre for its positive impact on the economy and the community,” says Brian Gibbons, President and CEO of Greenberg Gibbons.

Annapolis Towne Centre is an open-air destination that includes 2 million square feet of residential, retail and office space. The site was originally an abandoned strip mall with massive environmental contamination, which required the clean-up of one of the largest dry cleaner chemical spills in Maryland’s history. During the construction of Annapolis Towne Centre, Greenberg Gibbons voluntarily conducted $5 million worth of environmental remediation, and implemented one of the most comprehensive storm water management programs in Anne Arundel County’s history.

Today, Annapolis Towne Centre is a mixed-use development anchored by a 170,000-square-foot Target and one of the largest Whole Foods Markets in the country. Other retailers include 24 Hour Fitness, Anthropologie, Brooks Brothers, Restoration Hardware and Talbots. Restaurants include Brio, Gordon Biersch and P.F. Chang’s.

More information about Annapolis Towne Centre can be found at www.visitATC.com.