Construction of the first two residential and retail buildings for massive Baltimore County development
Metro Centre at Owings Mills
will wrap up by next month. The first will open in May and the second will open at the end of June.
The buildings, called Metro Crossing, are both five-stories high, with retail on the ground floor and rental apartments on the upper floors. The buildings are mirror images of each other. The two buildings split evenly a total of 56,000 square feet of retail space and 232 one- and two-bedroom apartments.
A number of retail leases are in final negotiations, says Lynn Abeshouse, managing principal of real estate brokerage firm Abeshouse Partners. Until contracts are signed, Abeshouse declined to give specific names but says possible tenants include fast-casual and white-table restaurants, clothing stores, liquor stores and health clubs.
One-bedroom apartments average 770 square feet; two-bedroom apartments, which all have two full bathrooms, run from 873 square feet to 1,245 square feet. Prices for one bedrooms run from $1,580 to $1,695 per month; for two bedrooms, $1,855 to $2,490 per month. Abeshouse declined to say how many apartments have been leased so far.
The two buildings are located on Grand Central Avenue, off Painters Mill Road, near the Owings Mills Metro Subway Station and across from the County Campus at Metro Centre at Owings Mills. The six-story combination Baltimore County Public Library and the Community College of Baltimore County building is scheduled to open this week. A free parking garage next to the building is already open.
The two residential and retail buildings, the library/community college building and an office building now under construction compose the first phase of the Metro Centre at Owings Mills. That's about one-fourth of the total development. The four-story, 200,000-square-foot office building on Grand Central Avenue is expected to open this fall.
The state-designated transit-oriented development will eventually have over 1.2 million square feet of office space; 300,000 square feet of retail and restaurant space; 1,700 residential units; and, a 250-room hotel. Maryland and Baltimore County have spent more than $57 million on infrastructure at Metro Centre at Owings Mills to date. The rest is privately funded.
Source: Lynn Abeshouse, Abeshouse Partners
Writer: Barbara Pash