Baltimore County News
Offices, Housing, Hotel, Whole Foods Market and a Green Plaza
Downtown Towson soon will see one million square feet of offices, luxury and student housing, a hotel, restaurants, shops, a Whole Foods Market and an open, green plaza rising on five acres in the Baltimore County seat.
Site preparation is underway for Towson Row, a $350 million mixed-use project by Towson-based developer Caves Valley Partners that will anchor the southern gateway to downtown Towson.
“Towson Row will transform the Towson skyline and become a focal point for residents, workers and visitors,” said Baltimore County Executive Kevin Kamenetz. “You can clearly see Towson Row’s footprint as you walk through downtown Towson. It’s exciting to see so much site activity as this significant private investment moves forward.”
“Towson Row will reaffirm Towson as a preeminent destination in Maryland, now and well into the future,” said Arthur Adler, partner of Caves Valley Partners. “We are completely reimagining the shopping, working, dining, entertainment, and green streetscape experience for Towson residents and visitors.”
The one million square foot, $350 million Towson Row will include 220,000 square feet of office space, a 170-room hotel, student housing with 900 beds, 370 luxury apartments and over 100,000 square feet of shops and restaurants anchored by a 45,000 square foot Whole Foods Market. Over 1,500 garage parking spaces will serve tenants and customers. Towson Row is being built on five acres bordered by York Road, Towsontown Boulevard, Washington Avenue and Chesapeake Avenue in downtown Towson.
“With projects such as Towson Row, downtown Towson is living up to its potential as a vibrant place to live, work and visit,” said Baltimore County Councilman David Marks.
About Downtown Towson
Towson Row is part of $1 billion in recent private investment in downtown Towson, including a new 15-screen Cinemark Theatres and restaurants at Towson Square, 2,700 new downtown apartments and townhomes, and the Towson City Center office tower with Towson University programs and headquarters for MileOne Automotive and Remedi Senior Care.
More than 55,000 people live in greater Towson, with over 48,000 people working at companies including GBMC, General Dynamics, Goucher College, MileOne, Sheppard Pratt, Stanley Black and Decker, Towson University, University of Maryland St. Joseph Medical Center and Whiting Turner.
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.”
Revised April 6, 2016