Baltimore County Now
Baltimore County Executive
One of the great pleasures as Baltimore County Executive is the opportunity to share great news that will have a positive impact on everyone living in our County. I just had the pleasure of unveiling Towson Row, a $300 million development project at the southern gateway to downtown Towson.
There are a lot of things I particularly love about this announcement. First, this is truly a transformational private investment in downtown Towson and in our County. The offices, apartments, student housing, hotel, shops, restaurants, an upscale grocery with plenty of parking will truly transform our County seat into a vibrant downtown center.
It’s a bit difficult to visualize where all this development fits into downtown Towson. Towson Row will be bounded by York Road, Towsontown Boulevard, Chesapeake, Susquehanna, and Washington Avenues. Right now, there are mostly older office buildings and parking lots on these five acres, but since they sit behind other buildings, it’s a bit hard to see from the major roads. But don’t worry, once the project is built, you won’t be able to miss it! You’ll start to see construction in 2015.
Second, Towson Row will be developed, owned and managed by Caves Valley Partners. This is the team that transformed the former Investment Building at the Towson traffic circle into the gleaming, fully leased Towson City Center. Caves Valley Partners is based in Baltimore County and brings development expertise and success, plus a vision and commitment to excellence from a team that lives and works here.
Third, Towson Row is $300 million in private sector investment. This project will bring millions in new property tax revenue to Baltimore County, which will help us support public safety, public education, and restore our aging infrastructure, and help us continue to hold the line on income and property tax rates. It will also provide construction jobs and new employment opportunities.
Fourth, Towson has become a “hot spot” for new development. Over $600 million in private investment is taking shape in downtown Towson just in the past three years. We now add Towson Row to Towson City Center, residences at The Palisades and 101 YORK, and the Towson Square movies theatres and restaurants. Take a virtual video tour of new development in downtown Towson.
I’m pleased and proud to say “it’s Towson’s Time.”