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Foundry Row Receives Rezoning Approval by Baltimore County Council

Today, by a vote of 6 to 1, the Baltimore County Council approved rezoning for the vacant Solo Cup factory site to make way for Foundry Row ― a $140 million mixed-use project featuring a Wegmans grocery store as its anchor.

“We are thrilled with the vote, this is a major breakthrough for the Greater Owings Mills community,” said Brian Gibbons, chairman and CEO of Greenberg Gibbons, the project’s developer in conjunction with another local firm, Vanguard Equities.

“We applaud members of the County Council for seeing through the negative campaign waged by opposing developers and staying true to what the community wants. I want to thank the people of Owings Mills and the seven community and business groups that have continued to support Foundry Row,” continued Gibbons. “It’s a new day for Owings Mills and we are ready to move forward, now.”

The Foundry Row project will serve as a retail catalyst that will create significant new economic development and job opportunities for the greater Owings Mills community and Baltimore County, including:

Bringing Wegmans, America’s #1 rated grocer, to the area.
Creating 2,300 construction jobs and 3,100 permanent jobs to spur the local economy.
Providing $12 million in new annual tax revenues for Baltimore County and the state.
Making $7 million of road improvements paid for by the developer, including the intersection of Reisterstown Road and Painters Mill Road, at no cost to taxpayers.

Foundry Row will create a vibrant new gateway to Owings Mills. In addition to Wegmans, the 375,000-square-foot project will include a national fitness anchor, a sporting goods anchor, upscale shops and restaurants, and 40,000 square feet of office space.

About Greenberg Gibbons

Founded in 1968, Greenberg Gibbons is one of the Baltimore-Washington region’s premier developers of mixed-use, town center and retail properties. The company’s portfolio includes the award-winning revitalization projects Hunt Valley Towne Centre and Annapolis Towne Centre.  For more information, go to: WWW.GGCOMMERCIAL.COM.

About Vanguard

Vanguard Equities, Inc. is a Baltimore-based real estate development firm founded in 1987 by its principals, Leonard Weinberg II and Bradley S. Glaser. Vanguard is actively involved in shopping center development, residential land development and all property management functions for its commercial portfolio. The firm has completed successful projects in Maryland, Virginia and Delaware for a variety of local and national tenants and clients.  For more information, go to: WWW.VANGUARDEQUITIES.COM.

(August 28, 2012)