Construction starts on major Towson Row mixed-use project
TOWSON, Md. (WBFF) - It has been a long wait, but after nearly three years of looking at an empty lot, the wait is almost over.
Heavy machinery was a welcome site for officials at the corner of Towsontown Boulevard and Washington Avenue in downtown Towson.
Construction officially began on the Towson Row project, a $350 million development that got a large grant.
After sitting vacant for nearly three years, the site of the future Towson Row is now being led by Greenberg Gibbons.
The firm is behind high-profile shopping and mixed-use areas like Hunt Valley Town Centre and Owings Mills' Foundry Row.
Brian Gibbons, chairman and CEO of Greenberg Gibbons, says the $350 million mixed-use destination will include 1.2 million square feet of shopping, restaurants, office space, residential units, student housing and two Hilton hotels.
Towson Row is expected to bring in $120 million dollars a year in business sales taxes, create 2,000 permanent jobs and $92 million in annual employee compensation.
It hasn't been without controversy.
In December, the County Council approved a nearly $43 million public financing package.
Council Chairman Julian Jones insists it was needed to get construction moving.
Greenberg Gibbons is in discussion with Whole Foods to get the grocer to join the development, but that has not been finalized.
Work is expected to be done by the fall of 2020.