Dundalk Development Booming
Towson, Maryland (July 11, 2013) – New shopping and housing are coming to Dundalk as developers are recognizing the community's market potential. Some old favorites are getting a facelift, while new homes and retail are on the way.
"Private developers see the strength of Dundalk as a great place to invest, especially in retail," said Baltimore County Executive Kevin Kamenetz. "Dundalk is truly seeing a boom in new shopping and business services."
According to data from Artois Retail, over 83,000 people live on the Dundalk peninsula. The developer, who is working with Regional Management to transform Merritt Park Shopping Center, notes that 6,623 Dundalk households currently have average incomes over $75,000. By 2017, that number is projected to grow by almost 40 percent to 9,170 households.
"These private investments bring new property tax revenues to Baltimore County. Building our tax base allows us to maintain a stable tax rate so we can continue to support public safety and public education and restore our aging infrastructure," said Kamenetz.
Merritt Park Shopping Center
Regional Management, Inc. is completely remodeling the 1960s-era center. New shops and services will include Merritt Park Market, a traditional farmer's market plus fast-casual café and food offerings in the former Penn Fruit building. A 16,000 square foot Professional Center will be leased as medical/professional space.
Merritt Manor Shopping Center
The center sold in early June to locally-headquartered Continental Realty. The center is currently 83 percent leased, with tenants including Gold's Gym, Hair Cuttery, M&T Bank and Sherwin Williams. To fill out the center, Continental Realty is targeting high-traffic retailers that could include national fast-casual restaurants and carry-outs, sporting goods retailers, auto parts retailers, a liquor store, medical and dental service providers.
Retail and Services at the North Point Drive-In Property
Next to The Townes at North Point, St. John Properties plans to build a 10,000 square-foot retail building. The building could house a service company, such as a pharmacy. St. John is also looking for fast-casual restaurants, financial institutions and medical facilities to lease space on a second pad site.
The Townes at North Point
K. Hovnanian Homes, a Red Bank, New Jersey-based homebuilder, has announced plans to build a 108-unit upscale townhome community on part of the former North Point drive-in site. Construction for The Townes at North Point could start by the end of 2013.
The homebuilder will follow Baltimore County design guidelines including a specified amount of exterior brick on each town home, generous windows on the end units, reserved open spaces for residents, and convenient entrances and exits for the community.
The Greens at Logan Field
Enterprise Homes is building a $15.2 million senior community of 84 one-bedroom and 18 two-bedroom apartments. The apartment homes meet Enterprise Green Communities criteria, with design focused on energy efficiency and conservation of raw materials The Greens at Logan Field are located on a three-acre site that was once the first municipal airfield in Baltimore after World War I.
"It is really exciting to see all of this private investment in Dundalk," said Councilman John Olszewski, Sr. "The private sector is recognizing what those of us who have lived here for years have always known: Dundalk is a great place to live, work, and raise a family."
"It's great to see so much new private investment in Dundalk," said Amy Menzer, Executive Director of the Dundalk Renaissance Corporation. "We'll all benefit from the new shops, restaurants, services and housing coming to our community."
In addition to the significant private investment taking place, the Baltimore County Public Schools will open the state-of-the art $100 million Dundalk High and Sollers Point Technical High School this fall.
"This is truly a great time to live in Dundalk," concluded Kamenetz.