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Wegmans-Anchored Project Moves Toward Construction.
Greenberg Gibbons and Vanguard announced today that the Baltimore County Board of Appeals upheld the Administrative Law Judge’s decision to approve the site development plan for Foundry Row, a $140 million, 50-acre development in Owings Mills. In reaching this decision, the Board also rejected all of the neighboring developers’ opposition claims.
With this approval, Greenberg Gibbons and Vanguard will move forward in submitting their application for permits, which will allow for construction of the mixed-use development to begin on schedule this year.
“We are pleased with the Board’s decision and commend the elected officials and community groups who have been steadfast in their support of this project,” said Brian Gibbons, chairman and CEO of Greenberg Gibbons. “We look forward to turning our attention to the construction phase of Foundry Row and getting one step closer to bringing Wegmans to Owings Mills.”
Foundry Row will be anchored by a state-of-the-art, 130,000-square-foot Wegmans grocery store, which has been a highly anticipated addition to the Owings Mills community. Wegmans, which is consistently listed at the top of Fortune’s list of “Best Companies to Work For,” is known for its unique shopping experience, high quality of goods, and variety of freshly prepared foods.
“We are thrilled that plans for Foundry Row continue to make positive headway,” said Ralph Uttaro, senior vice president of real estate and development of Wegmans Food Market. “We remain totally committed to Owings Mills and look forward to opening our store at Foundry Row.”
Foundry Row will also feature 365,000 square feet of retail space and include a national fitness anchor, sporting goods anchor, upscale shops and restaurants, as well as 60,000 square feet of Class A office space.
“It’s great to see Foundry Row move forward as planned,” added Cheryl Aaron of the Greater Greenspring Association. “The project will be an enormous resource for the community.”
The construction phase of Foundry Row will support 2,300 full- and part- time jobs in Baltimore County and $264 million in sales of goods and services from county businesses. Once completed, Foundry Row will permanently support nearly 3,100 jobs. Annual fiscal benefits from the completed Foundry Row for Baltimore County are estimated at $4.8 million. The state of Maryland is expected to receive $8.2 million annually in tax receipts as a result of the project’s operations at full build-out.
(February 24, 2014)