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Baltimore County Now - News You Can Use

Baltimore County Now

Stay informed of what's happening in Baltimore County.
Keyword: economic development

Restaurant Week logoBaltimore County Restaurant Week Extended

The recent blizzard didn’t just bring three feet of snow our way, it also brought a whole extra week to enjoy the “meals and deals” of Baltimore County Winter Restaurant Week! Shake off that case of cabin fever by getting out of the house to enjoy a fantastic meal that someone else has to prepare and clean up.

A majority of participating restaurants have chosen to extend their special fixed priced menus through February 6th, giving you extra time to explore and enjoy what Baltimore County’s wonderful restaurants have to offer. Diners can discover new restaurants and enjoy old favorites at a discounted price, with one to three course lunch and dinner specials ranging from $15 to $35. With over thirty-five restaurants extending their deals, there is sure to be something for every taste and occasion.

Please visit baltimorecountyrestaurantweek.com to view a list of participating restaurants, peruse menus, and make reservations. Try that fancy place you’ve heard such great things about, or frequent your favorite local hotspot. Either way it’s a delicious time to dine in Baltimore County!


Major new distribution facility in Sparrows Point

FedEx Ground is locating a 300,000 square foot distribution facility in the new Tradepoint Atlantic global logistics center, the first major real estate lease in the redevelopment of Sparrows Point. The state-of-the-art facility in Dundalk is expected to employ about 150 combined full- and part-time workers at opening, with more jobs planned to support increased demand for service in the greater Baltimore Washington corridor.

“Tradepoint Atlantic is bringing a new generation of jobs to the Point. What a great way to start -- with a world class company such as FedEx,” said Baltimore County Executive Kevin Kamenetz. “New construction jobs are here now as the Fed Ex Ground distribution center takes shape, with 150 more jobs when the facility opens next year.”

Jobs coming back 

Rendering of FedEx Ground distribution facility at Tradepoint AtlanticThe FedEx Ground facility is being built on 50 acres that are ground leased to Scannell Properties, which is developing the distribution facility for FedEx. The new facility will join two existing FedEx Ground stations in Baltimore County, in White Marsh and Halethorpe.

Tradepoint Atlantic is rising on a 3,100-acre site that was formerly a Bethlehem Steel manufacturing plant. With rail, deep water port and interstate access, the site is transforming into a major east coast logistics, manufacturing, and transportation hub.

“We are confident that companies at Tradepoint Atlantic will more than replace the 2,000 jobs lost when the steel mill closed. When completed, this global center could bring upwards of 10,000 new jobs to Baltimore County,” added Kamenetz. “Over 750,000 union hours of work already have been logged as demolition, recycling and environmental clean-up continue at the site. It all adds up to great news for the economic health of Dundalk, Baltimore County and the entire region.” 

“FedEx is the first of many global companies that will set up operations at the new tri-modal port facility at Tradepoint Atlantic. Having such a prestigious tenant sign a long term lease demonstrates the economic impact Tradepoint Atlantic will have for the region,” said Michael Moore, CEO of Tradepoint Atlantic. “As we continue to bring jobs and redevelop the site, we will be known as the premier facility on the eastern seaboard and a true world-class center for business and trade.”

 

 

 


115,000 Square Feet of Retail Space in Downtown Towson

Towson Commons Retail LLC, a local investment group consisting of affiliates of MFI and Woodmont Properties II, LLC, has purchased the retail portion of Towson Commons, adding to the more than $1 billion in recent private investment to downtown Towson.

Local retail-focused brokerage firm MFI Realty is the leasing agent and is affiliated with the buyers of the 115,000 square feet of retail space along York Road and Pennsylvania Avenue.

Towson Commons entrance“We are excited to see MFI and Woodmont Properties going big in downtown Towson,” said Baltimore County Executive Kevin Kamenetz. “This is an exciting moment for Towson Commons. We have the on-the-ground local expertise of MFI Realty and its large presence along the York Road corridor combined with the business relationships and insight of well-established real estate investment firms.” 

A Mix of Amenities

“Towson Commons is in the heart of a prestigious retail market with pent-up demand. We envision a mix of amenities to serve the many different customers in downtown Towson—residents, students, professionals and destination shoppers alike,” said Michael Stoltz, director of leasing for MFI Realty.

The street front retail space for lease at Towson Commons is connected to a separately owned and renovated 231,000-square-foot Class A office tower anchored by General Dynamics Information Technology, a new 54,000-square-foot LA Fitness and an 887-space adjacent parking garage.  

“MFI Realty is positioned to bring local market understanding to a long-neglected institutional-quality retail project at the center of Towson,” said Stoltz. “With all of the recent development in Towson, we are thrilled to bring a fresh new perspective combined with a modern reconfiguration of the ground floor retail at Towson Commons. We envision an eclectic mix. A white table cloth restaurant might be next to a local boutique; a place for students to stop, study and change up could be next to a destination national retailer.”

"The time is right for these prime storefronts to come alive in downtown Towson,” said Kamenetz. “This will be the first time in a generation the Towson Commons retail spaces have been controlled by a local developer. We look forward to the first lease announcements.”     

MFI Realty Brings Local Retail Expertise

One of the leading retail-focused brokerage firms in the Baltimore-Washington region, MFI Realty specializes in leasing, tenant representation, investment sales and mortgage brokerage. MFI Realty leases a portfolio of more than 45 retail properties, totaling over 4,000,000 square feet, and also represents a variety of tenants.

Over $1 Billion in Recent Towson Investment

With more than $1 billion in recent private investment, downtown Towson is a major destination for the Baltimore market. Projects include the new 15-screen Cinemark theatres and restaurants at Towson Square, 2,700 new downtown apartments and townhomes and the Towson City Center office tower, which houses 600 workers at Towson University programs and headquarters for MileOne Automotive and Remedi Senior Care. Under construction at York Road and Towsontown Boulevard is Towson Row, a one-million-square-foot mixed-use development with a Whole Foods Market, luxury and student housing, offices, a hotel and open public greenspace.


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