News
I C SHOPPING CENTERS
February 25, 2011
| You can shorten that to ICSC—we were there as its 2011 Mid-Atlantic Conference and Deal Making session at National Harbor wrapped up Wednesday. | |
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| We snapped Mackenzie's John Harrington and Ward Properties president Jim Martin checking out an aerial shot of the Boulevard at Fox Hill in Abingdon. Phase 1 includes a 130k SF Wegmans (mark your grocery lists: it opens Sept. 18), complemented by freestanding pad site units with Joe's Crab House, Panera, and PNC Bank. John tells us Phase 2 can accommodate up to 400k SF of big box and inline retail, and work on its first building begins this summer (as well as a 30k SF medical office). Jim says the project is being driven by BRAC activity (BRACtivity?) at nearby Aberdeen Proving Group; Phase 1 development was financed by $7M in recovery zone bonds. | |
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| New Regency Centers Baltimore leasing chief Jack deVilliers tells us Federal Hill's 125k SF Southside Marketplace is getting a new $5M facade. Jack has local roots, attending St. Paul's School in Lutherville. Spending time as a tenant rep broker lets him see both sides of a deal, he says, and he plans to evaluate each property on an individual basis. For example, he hopes to repurpose Valley Centre on Reisterstown Road in Owings Mills into a value-oriented fashion center, going after tenants like Dots and Rue 21. |
