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Article: Maryland Developer Buys Abandoned Strip Mall outside Annapolis.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 1, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Childs Walker, The Baltimore Sun Knight Ridder/Tribune Business News
Apr. 1--An Owings Mills developer has bought the abandoned Parole Plaza strip mall outside Annapolis for $25 million and plans to transform the long-struggling commercial site into a $300 million mix of retail stores, office towers and residential units.
Yesterday's announcement of the purchase by Greenberg Commercial Corp. ends years of uncertainty surrounding the 34-acre property, considered one of the most valuable commercial parcels available in Anne Arundel County.
"I think this is the type of project that everybody wants to see," said Brian Gibbons, president ...