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Towson Business Community

Black and Decker signage, the Towson University tower and Towson Town Center mall.

Towson, one of the largest unincorporated County seats in the U.S., is a dynamic commercial and residential community that is home to more than 55,000 residents and 5,000 businesses.

courtyard of apartment complex in Towson

Conveniently located just inside the Baltimore Beltway about eight miles north of Baltimore’s Inner Harbor, Towson is a major employment center, drawing more than 56,000 workers each day from nearby neighborhoods and throughout the region. While major educational and health care institutions are the largest local employers, Towson is also a hub for corporate headquarters, professional services and information technology firms such as the health solutions unit of General Dynamics.

Competitive Advantages

The Towson business community has several competitive advantages, including the following:

  • Corporate headquarters location for:
    • Stanley Black and Decker Global Tools and Storage Division
    • Whiting Turner Contracting Company—One of the nation’s largest construction management and general contracting companies
    • MileOne—One of the nation’s largest privately-held automotive sales and service delivery networks
    • Remedi SeniorCare—A fast-growing institutional pharmacy business
  • Over 2,700 new apartments and townhomes built since 2008. These amenity-rich residential developments offer a range of upscale living options in or near downtown.
  • Three hospitals—GBMC, St. Joseph’s and Sheppard Pratt
  • Towson Town Center—Anchored by Nordstrom and Macy’s, features upscale retailers such as Louis Vuitton, and Tiffany & Co.
  • Towson University—Maryland’s second largest public university and largest undergraduate business school
  • Goucher College—A liberal arts college that was the first in the nation to pair required study abroad with travel stipend

Recent Investments

Towson Town Center

Towson Town Center has continued a major re-merchandising effort that has introduced many new retailers, including The North Face, Lilly Pulitzer, Vera Bradley, TUMI, L’Occitane, Sur La Table, Clarks, Steve Madden and Soma Intimates.

Towson Square

Towson Square is an $85 million entertainment complex anchored by a 15-screen Cinemark movie theatre and seven restaurants, including an 850-space parking garage.

Towson City Center

Towson City Center is a $27 million redevelopment of a long-vacant 12-story building with 157,873 square feet of Class A office space overlooking Towson Circle, including corporate headquarters for MileOne, one of the nation’s largest privately-held automobile sales and service delivery networks.

The Winthrop and Southerly Square

The Winthrop and Southerly Square is a recently completed 295-unit luxury apartment complex on Dulaney Valley Road. The project is the first phase of a $100 million development that includes 175 additional units to be completed in 2017.

Towson Commons

The existing Towson Commons complex in the heart of Towson has undergone a $15 million renovation for a 52,700-square-foot LA Fitness center, CVS and other tenants. General Dynamics IT, a major office tenant, signed a new lease for 146,000 square feet.

Employers and Institutions

Select Employers

Business Sector

GBMC

Medical center

General Dynamics IT

Health information technology

Genesis Healthcare

Healthcare

Goucher College

Higher education

MileOne Corporate Headquarters

Automotive sales

RCM&D

Risk management

Remedi SeniorCare Headquarters

Healthcare

Sheppard Pratt

Medical center

Stanley Black and Decker

Construction tools

Towson University

Higher education

St. Joseph's Medical Center

Medical center

Whiting Turner Headquarters

Construction

Whitney, Bailey, Cox and Magnani

Engineering

Demographics

2015 Area Population and Income

 

One-Mile

Three-Mile

Five-Mile

Population

20,675

117,697

317,958

Households

7,559

47,149

129,297

Median Household Income

$57,450

$62,890

$57,450

Average Household Income

$80,876

$87,938

$84,840

Estimated Median House Price

$302,230

$291,415

$248,318

Demographics were measured using a one-, three- and five-mile buffer drawn around the intersection of York Road and Pennsylvania Avenue. Source: 2015 Nielsen Population Data

More Information

Contact Sara Trenery, Business Development Representative, at strenery@baltimorecountymd.gov or call 410-887-8030 for more information.

 
Revised December 20, 2016         

 

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