Owings Mills, Md. (June 16, 2014) — Community leaders gathered this week to celebrate the kick- off of construction for Foundry Row, the $140 million, 50-acre development on Reisterstown Road in Owings Mills, anchored by Wegmans. Demolition of the former Solo Cup factory, where the new development will be located, is now complete. In addition, Greenberg Gibbons and Vanguard announced that 8 new tenants will be joining the project, making the development 70% pre-leased.
The new anchors, stores and restaurants that signed leases at Foundry Row are:
- LA Fitness – a state-of-the art fitness club and spa offering workout options for all age (35,000 square feet)
- Sports Authority – offering a vast selection of the latest sports equipment and outdoor gear (35,000 square feet)
- DSW – a leading seller of brand name footwear and accessories for men, women and children (20,000 square feet)
- Ulta – a one-stop-shop for cosmetics, hair care products and fragrances (10,050 square feet)
- Panera Bread – offering fresh bakery goods, soups, salads, sandwiches and catering (4,850 square feet)
- Zoe’s Kitchen – serving Mediterranean-influenced dishes in a fast casual atmosphere (2,600 square feet)
- Smashburger – one of Fast Casual magazine’s “Top Movers and Shakers,” featuring fresh, “smashed to order” burgers, chicken sandwiches, salads, and signature sides (2,200 square feet)
- Nalley Fresh – offering “build-your-own” salads, wraps and bowls, made with fresh ingredients (2,000 square feet)
These 8 new tenants will join a 130,000 square-foot Wegmans in Foundry Row’s mix of high quality shops, services and restaurants. The new development features 365,000 square feet of retail space as well as 60,000 square feet of Class A office space. An additional 8 tenants will be announced by the end of this summer.
“We promised the community we’d build a vibrant new destination and Foundry Row is shaping up to be just that,” said Brian Gibbons, chairman and CEO of Greenberg Gibbons and Co-Developer of Foundry Row. “We are excited to start construction and appreciate the support of County Executive Kevin Kamenetz, Councilwoman Vicki Almond, and other community leaders in helping make this revitalization project a reality.”
“The community that I represent is thrilled to have Foundry Row and Wegmans in Owings Mills,” said Baltimore County Councilwoman Vicki Almond. “This project is a strong economic engine and will be a great community gathering place.”
“It’s been a pleasure to work with two local developers that addressed our concerns from the very beginning,” added Cheryl Aaron of the Greater Greenspring Association. “We are fully supportive of Foundry Row and delighted to see construction move full speed ahead.”
Foundry Row will support 2,300 full- and part- time jobs in Baltimore County during the construction phase, and will permanently support nearly 3,100 jobs. Annual fiscal benefits from the completed Foundry Row for Baltimore County are estimated at $4.8 million, and 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. For more information, go to VisitFoundryRow.com.