AvalonBay to Build Upscale Apartments at Foundry Row

Owings Mills, Md. (April 5, 2019) – Greenberg Gibbons and Vanguard announced today that they have contracted with AvalonBay Communities Inc., a leading multifamily housing developer, to build a new residential component at Foundry Row.

It will be known as Avalon Foundry Row and located on the southeast side of the center across from LA Fitness. The five-story structure will include 437 upscale apartments with a wide array of amenities, including a state-of-the-art fitness center, clubroom lounge, co-working space, dog parks, and various courtyards with a swimming pool and grilling stations. Avalon Foundry Row will offer studio, one-, two-, and three-bedroom apartments.

“We are thrilled to partner with a premier, multifamily developer like AvalonBay on this residential component,” said Brian Gibbons, Chairman and CEO of Greenberg Gibbons. “The apartments will add an entirely new dimension to Foundry Row, making it a true mixed-use destination to live, work, shop and play.”

Greenberg Gibbons has previously partnered with AvalonBay at its Hunt Valley Towne Centre project. AvalonBay anticipates starting construction this spring. AvalonBay Communities, Inc. (NYSE – AVB) is a publicly traded real estate investment trust headquartered in Arlington, Va. The company owns and manages 291 apartment communities containing 85,158 apartments in 12 states and the District of Columbia.

Avalon Foundry Row will join a 110,000-square-foot Wegmans Food Market at the retail and dining destination on Reisterstown Road. The property also features LifeBridge Health, Old Navy, DSW Shoe Warehouse, LA Fitness, Ulta Beauty, HomeGoods, La-Z-Boy, Mission BBQ, Chipotle, Panera Bread, and more. For more information and to see a full list of stores and restaurants joining Foundry Row, go to VisitFoundryRow.com or follow the property on Facebook.

About Greenberg Gibbons
Celebrating 50 years of success, Greenberg Gibbons is one of the Mid-Atlantic region’s premier developers of mixed-use, town center and retail properties. The company has developed and managed more than 5.5 million square feet. Its signature projects include the award-winning Hunt Valley Towne Centre, Annapolis Towne Centre, Waugh Chapel Towne Centre, Towne Centre Laurel and Foundry Row. For more information, visit www.ggcommercial.com.

About Vanguard
Since 1987, Vanguard has been at the forefront of retail real estate development in the Mid-Atlantic region, creating, building and managing its portfolio of successful projects with national and local tenants. For more information, go to: www.vanguardretaildev.com