ANNAPOLIS, MD. — Greystar has announced plans to develop a new active adult project in Annapolis. Upon completion, the unnamed community will total 175 units, with a mix of one-, two- and three-bedroom residences. Amenities at the five-story development will include a library, club room, kitchen, fitness studio, pet spa, swimming pool and an exterior courtyard. Greystar recently acquired a 2.2-acre development site within Annapolis Town Center for the project. Construction is currently underway, and leasing is scheduled to begin in spring 2026. Annapolis Town Center features more than 50 retail stores and restaurants. The new community’s location will provide access to more than 557,000 square feet of retail, as well as connectivity to Washington, D.C., downtown Baltimore and Bethesda, Md.
BRANDYWINE, MD. — First National Realty Partners (FNRP) has completed the refinancing of Brandywine Crossing, a 231,036-square-foot regional power retail center located in Brandywine, approximately 20 miles southeast of Washington, D.C. The four-year loan includes future funding for approved leasing expenses and the facilitation of the release of escrowed funds held by the previous lender. Since acquiring the center in March 2022, FNRP has increased occupancy from 89 percent to 95 percent by securing 12 new leases and six renewals with tenants including Marshalls, Visionworks and Salon Lofts. The firm also secured a lease with Burlington to backfill a former 25,310-square-foot JOANN Fabric and Crafts store. The next step for Brandywine Crossing will be constructing the build-outs for Burlington, Buffalo Wild Wings ‘GO’ and Another Broken Egg Café. The firm is also pursuing additional tenants and exploring outparcel sale opportunities. Brandywine Crossing sits on a 30-acre site and is anchored by a nearly 60,000-square-foot Safeway grocery store. Other existing tenants include Bonefish Grill, Panda Express, Advance Auto Parts, Truist Bank, Wells Fargo, AT&T and The UPS Store.
ROCKVILLE, MD. — Locally based EYA has purchased Rockshire Village Center, a long-vacant shopping center located on a 7.3-acre site in Rockville, a suburb of Washington, D.C. The firm plans to convert the retail center into a walkable residential neighborhood comprising 60 residential units (31 single-family detached homes and 29 townhomes), as well as 5,200 square feet of commercial/retail space and a community gathering space. Fifteen percent of the residences will be designated as moderately priced dwelling units. Public features of the new neighborhood will include a park, playground, open lawn with seating and recreation areas, pedestrian-friendly streetscape with connections to Rockshire Community Pool and the Carl Henn Millennium Trail, 29 parking spaces for the pool and sitewide landscaping. EYA plans to begin construction in August, with final completion planned for 2027.
COCKEYSVILLE, MD. — Greenberg Gibbons has begun the $10 million renovation of Hunt Valley Towne Centre, a 925,000-square-foot, open-air mixed-use development located in Cockeysville, roughly 16 miles north of Baltimore. The renovation project will feature a new plaza and improvements to the center’s Regal movie theater. Situated within Hunt Valley’s Main Street corridor, the new plaza will feature a new turf lawn, pergola, seating area and a retractable 14-foot multimedia screen, as well as space for games and seasonal activities. The plaza will also host the center’s “Friday Night Live” summer concert series, movie nights and annual Christmas tree lighting ceremonies. Completion of the plaza is expected for this fall. Upgrades to the Regal movie theater will include refreshed exterior enhancements, updated signage, a fully refurbished lobby, improved concessions with digital displays and self-service ticket kiosks. Additionally, each auditorium will comprise new laser projectors, recliner seating and new flooring. The movie theater will remain open throughout the multiphase renovation process. Following the closure of Hunt Valley Mall in 2000, the property was redeveloped and began operating as Hunt Valley Towne Center in 2003. Tenants at the center include Wegmans, DSW, HomeGoods, Marshalls, California Pizza Kitchen, J.Crew Factory, Onelife Fitness and …
BALTIMORE — CBRE has signed a 16,000-square-foot lease at 1001 Fleet St., a Class A office building in Baltimore’s Harbor East district. Delivered in 2000, the nine-story office building is owned by Harbor East Management Group. CBRE is relocating its Baltimore office from 100 E. Pratt St. to the eighth floor of 1001 Fleet, with occupancy to occur in January. David Fields, Jonathan Hall and Jordana Pollack represented CBRE in the lease negotiations on an internal basis. The new CBRE office is part of the commercial real estate services firm’s Workplace360 program, which has 100 locations nationwide.
BALTIMORE — MCB Real Estate has broken ground on a $44 million civic project within Reservoir Square, a $170 million mixed-use development in West Baltimore. The four-story, 63,000-square-foot project is for the new location of the Mayor’s Office of Employment Development (MOED) and will comprise advanced career skills-building classrooms, collaborative workspaces and upgraded technology learning labs. The construction timeline was not released. Reservoir Square is located along the 600-850 block of West North Avenue, a site that once housed a blighted mall and public housing. The development is a partnership between MCB, Atapco Properties and MLR Partners. Other partners include the City of Baltimore, the Maryland Department of Housing and Community Development, the Maryland Economic Development Corp., P3 –Foundation Inc. and the Neighborhood Impact Investment Fund.
BETHESDA AND SILVER SPRING, MD. — Northmarq has secured $141.7 million in financing for a two-property apartment tower portfolio in Washington, D.C.’s suburban Maryland region. The portfolio includes Solaire 7607 Old Georgetown, a new 22-story, 198-unit tower in Bethesda, and Solaire 1150 Ripley, a 16-story, 295-unit property in downtown Silver Spring that was built in 2012. Jason Smith and Kenneth Gentzel of Northmarq’s D.C. office arranged the financing on behalf of the borrower, Washington Property Co. The direct lender was not disclosed.
COLLEGE PARK, MD. — Harrison Street and LV Collective have formed a joint venture to develop Rambler College Park, a 1,003-bed student housing project located less than a quarter-mile from the University of Maryland campus in College Park. Completion of the 288-unit, 340,000-square-foot development is slated for fall 2027. Rambler College Park is designed to provide 13,715 square feet of retail space, including businesses that were previously tenants of Campus Village Shoppes, a shuttered shopping center on the project site. In addition, LV Collective worked with the Lakeland Civic Association and the Lakeland Community Heritage Project to plan a community center within the development. Plans call for a library and archive to preserve and share the history of the Lakeland community, as well as a flex space to be used for presentations, art galleries and gatherings. Amenities at the project will include Daydreamer, a coffee shop owned by LV Collective, as well as a second-floor coworking mezzanine, outdoor terrace, hot tub, fitness center, yoga studio and cold plunge. “This development reflects our commitment to creating environments that go beyond housing — places where students, residents and the community alike can thrive, connect and grow,” says Jonathan Reyes, president of student …
PIKESVILLE, MD. — Trout Daniels & Associates (TD&A) has brokered the $4.9 million sale of Bedford Square I and II, a 40,773-square-foot, two-building office portfolio located in Pikesville, roughly 15 miles northwest of Baltimore. Situated at the intersection of Bedford Avenue and McHenry Road, the complex was 93 percent leased to 20 tenants at the time of sale. Gilbert Trout of TD&A represented the seller, Bedford Square Equities, and procured the buyer, Tide Realty Capital, in the transaction.
NORTH BETHESDA, MD. — JLL has arranged the sale of a 222,000-square-foot office building located at 2101 E. Jefferson St. in North Bethesda. Jim Meisel, Dave Baker, Andrew Weir and Kevin Byrd of JLL represented the seller and procured the buyer in the transaction. Both parties requested anonymity, and the sales price was also not disclosed. Meisel says that the buyer plans to reposition the vacant office building for another use, plans of which were not released. Built in 1985, the office property is situated on 4 acres near Pike & Rose, a mixed-use development by Federal Realty Investment Trust that features more than 50 shops and restaurants and more than 750 apartments.