Annapolis Towne Centre Wins WaveMaker Award from Urban Land Institute

Lifestyle Center Recognized for Vision and Innovation

Owings Mills, Md. (September 30, 2010) — Greenberg Gibbons announced today that its Annapolis Towne Centre project, a $500 million mixed-use development in Annapolis, Md., has received a WaveMaker Award from the Baltimore Chapter of the Urban Land Institute (ULI), a leader in best practices for land use and the real estate industry.

The WaveMaker Awards recognize unique, visionary and innovative developments in the Baltimore area. Annapolis Towne Centre is one of six prestigious projects to be honored in 2010.

“We are honored that Annapolis Towne Centre has been recognized by the influential Urban Land Institute as an exemplary model of a redevelopment project that has revitalized a 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.

The project has created more than 2,800 new jobs, and retail sales are expected to top $300 million annually. Greenberg Gibbons’ local involvement also resulted in the creation of a new community asset called the Mount Olive Community Life Center.