Owings Mills, Md. (April 18, 2013) — Greenberg Gibbons and Vanguard officially began demolition today of the abandoned Solo Cup manufacturing plant with celebratory help from Baltimore County Executive Kevin Kamenetz, Councilwoman Vicki Almond, members of the Baltimore County Council and a crowd of community and business leaders. The demolition event marked the first step in building Foundry Row―an approximately 50-acre, $140 million development on Reisterstown Road.
Foundry Row, which will feature a Wegmans grocery store, will serve as a retail catalyst and create significant new job opportunities for the greater Owings Mills community and Baltimore County. The project received its zoning approval in August of 2012.
“This is a great day for Owings Mills,” said Baltimore County Councilwoman Vicki Almond. “Not only will Foundry Row be a focal point for the community, this project will have a tremendous, positive ripple effect on other initiatives throughout the County.”
Demolition crews will dismantle the vacant 1.8 million-square-foot, 30+ year-old Solo Cup factory. All of the factory’s steel will be removed and reprocessed, while its concrete will be recycled on site and made into reusable fill.
After completing demolition, Greenberg Gibbons and Vanguard plan to start construction on the new project in fall 2014. Foundry Row is planned to open in late 2015.
“Demolishing the old Solo Cup factory to create a vibrant new gateway to Owings Mills is what the community wants and we are excited to make it happen,” said Brian Gibbons, chairman and CEO of Greenberg Gibbons. “Foundry Row will help revitalize the area and be a magnet for great customers and new quality retailers.”
At the event, Gibbons gave special recognition to 10 different community groups that have supported the project since its inception.
Foundry Row will feature 365,000 square feet of retail space and include a national fitness anchor, a sporting goods anchor, upscale shops and restaurants, as well as 60,000 square feet of Class A office space. The project will be an economic boon to the community:
- The development and construction phase will support 2,300 full- and part-time jobs in Baltimore County.
- The construction phase will also support $264 million in sales of goods and services by county businesses.
- During the construction phase, the project will generate tax-related fiscal impacts, totaling $2.7 million for Baltimore County and $6.9 million for the state of Maryland.
- Foundry Row will permanently support nearly 3,100 Baltimore County jobs with an associated annual income of $144 million.
- Once completed, Foundry Row will annually support $447 million in sales of goods and services among county businesses.
- Annual fiscal benefits from the completed Foundry Row for Baltimore County are estimated at $4.8 million. The state of Maryland is expected to receive $8.2 million annually in tax receipts as a result of the project’s operations at full build-out.
“Owings Mills is a highly underserved retail market and Foundry Row is the right type of project—at the right place, at the right time—to fill this void,” explained Len Weinberg, principal of Vanguard. “Besides bringing Wegmans and other great shopping to the area, the new jobs and taxes generated will benefit the local economy and entire community.”
For more information, go to VisitFoundryRow.com.