A real estate firm that has plans to develop more shopping at Canton Crossing says it's in active discussions with as many as 20 prospective retailers, including Harris Teeter and Target.
Earlier this month, Chesapeake Real Estate Group
and Birchwood Capital Partners said it had acquired a 31-acre parcel from Exxon Mobil Corp. with the goal of adding two new retail centers on the site. The first will break ground spring of next year, with 225,000 square feet of retail space. The second site, with 100,000 square feet, will break ground once Exxon Mobil fully leaves the property.
The site is adjacent to Edwin F. Hale Sr.'s First Mariner Tower and the Merritt Athletic Club.
Real estate brokers had been trying to woo Target and Harris Teeter to Canton Crossing to the site since at least 2008, but development stalled as the economy sputtered.
Chesapeake principal Neil Tucker says electronics, grocery, convenience stores would all be suitable for the area. The Baltimore firm is looking at tenants that would complement existing retail in the area, which includes Merritt Athletic Club and About Faces Day Spa and Salon.