A new joint venture has been formed by Greenberg Gibbons and Caves Valley Partners for the development of the $350 million Towson Row mixed-use development. The five acre site is bounded by York Road, Towsontown Boulevard, Washington Avenue and Chesapeake Avenue. The plans for the 1.2 million square foot scheme call for 100,000 sqf of retail, grocery and restaurant uses, 150,000 sqf of office space, 250 luxury high-rise residences, 300 student-housing units along with a hotel. Under the joint venture, Greenberg Gibbons and CVP will be co-developers of the project, with Greenberg Gibbons spearheading the retail, residential, student housing and hotel components, and CVP taking the lead on the office component. Construction on the project is slated to kick off by the end of 2017.
“We are excited to partner with CVP on this transformational landmark project and facilitate the vibrant revitalization of downtown Towson,” said Greenberg Gibbons chairman and CEO Brian Gibbons. “We see tremendous opportunity to create a positive economic impacts while bringing exciting benefits to the community…We are confident that our joint venture has the experience, capital and commitment to move this project forward.”
