Baltimore County News
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.”
Contributed by Fronda Cohen
Office of Communications
It’s hard to miss the black and gold Towson University logo at the top of the gleaming new Towson City Center — you can see it heading north on York Road from the main campus, or heading into downtown Towson from York or Dulaney Valley Roads.
So what earned Maryland’s largest producer of teachers this lofty spot? Square feet. Towson University is leasing 60,000 square feet of space for its Institute for Well-Being and WTMD Radio studios.
The Institute for Well-Being is a wonderful addition to downtown Towson, delivering services to make us healthier as individuals and as a community. Four health centers provide a fresh, state-of-the-art learning environment for students in the College of Health Professions and quality care for their clients: The Center for Adults with Autism, the Speech, Language, and Hearing Center, Wellness Center, and Occupational Therapy Center. Free Wellness Wednesday programs on a range of health topics will be open to the public.
Each year, the Institute for Well-Being alone will bring over 2,300 clients, students, health care professionals and faculty to downtown Towson. Towson City Center is now 100% leased, with tenants including MileOne and Remedi Senior Care corporate headquarters, BusinessSuites, and WMS Partners. That means more breakfasts, lunches and dinners served at restaurants, more customers for downtown shops, and more opportunities for businesses to grow in downtown Towson.
Here’s to the black and gold!
by Fronda Cohen
Baltimore County Office of Communications
The first thing you notice about the 12-story building at the Towson roundabout is the glass façade that brightens the Towson skyline, but what’s really great about the building is what’s inside.
Now 100% leased, the new $27 million Towson City Center has brought new businesses and their workers to the heart of downtown Towson. There’s corporate headquarters for MileOne Automotive, one of the largest automotive groups in the country, with 35 dealerships in the Mid Atlantic region. Towson University has a major presence in the building with the Institute for Well-Being and WTMD Radio. Business Suites, WMS Partners, Remedi, and Cunningham, a new farm-to-kitchen restaurant from the Bagby Restaurant Group, are among the newest business residents.
Towson City Center tenants are expected to bring 500 new jobs to downtown Towson. While employees are still moving in, restaurants in the area already are noticing new customers for lunch and dinner.
Caves Valley Partners purchased and completely revitalized the building, reusing the existing structure, replacing the façade and all building systems to create what is effectively a new building designed to meet LEED Silver environmental standards.
And yes, on a clear day from the 11th floor, you really can see Towson University, the gold dome of the historic Towson Courthouse, and Harbor East.
Revised April 6, 2016