AvalonBay to Build Upscale Apartments at Hunt Valley Towne Centre

New Building Will Include 332 Apartments and 30,000 Square Feet of New Retail Space

Owings Mills, Md. (May 15, 2014) – Greenberg Gibbons, one of the Mid-Atlantic region’s premier developers of mixed-use, towne centre and retail properties, announced today that it has contracted  with AvalonBay Communities Inc., a  leading multi-family housing developer, to add the first residential component on 6.5 acres of property at Hunt Valley Towne Centre.

The new community will be known as Avalon at Hunt Valley Towne Centre – AvalonBay’s flagship brand. The five-story structure with integral parking will include approximately 332 upscale apartment homes with a wide array of amenities, including 30,000 square feet of new retail space being developed by Greenberg Gibbons. It will be located on the east side of the centre, adjacent to Pier 1 Imports.

“We are thrilled to have a premier, multi-family developer like AvalonBay join Hunt Valley Towne Centre,” said Brian Gibbons, Chairman and CEO of Greenberg Gibbons. “This residential component adds an entirely new dimension to the centre, making it a true mixed-use destination to live, work, shop and play.”

AvalonBay anticipates starting construction this fall, and both the apartments and retail space could be completed as early as spring 2016. AvalonBay Communities, Inc. (NYSE – AVB), a member of the S&P 500, is a publicly traded real estate investment trust headquartered in Arlington, Va. The company owns and manages 276 apartment communities containing over 82,000 apartment homes nationwide.

Hunt Valley Towne Centre is a mixed-use development in Baltimore County, located six miles north of I-695 on Shawan Road between I-83 and York Road. The centre features more than 50 retailers and restaurants, including Wegmans, Dicks Sporting Goods and Regal Cinemas. For more information and business hours, go to www.shophuntvalley.com or follow Hunt Valley Towne Centre on Facebook.