A new four-story, 200,000 square foot Class “A” mixed-use office and retail building has been delivered within Metro Centre at Owings Mills, a Transit-Oriented Development (TOD) located within the Owings Mills Town Center section of Baltimore County. The new building is part of the 1.2 million square feet of office space that will be included in the final development. Metro Centre at Owings Mills is being developed by Owings Mills Transit, LLC and David S. Brown Enterprises, LTD is the site manager.
The commercial office and retail building fronts on Grand Central Avenue and is directly connected to an eight-story parking garage that accommodates 3,000 vehicles and the Owings Mills metro station. Prime retail space is available at street-level and office space is available on floors two through four. A second parking garage was recently completed at the project that is adjacent to the building, with more than 2,000 vehicles.
“We are extremely optimistic about Transit-Oriented Developments which meet today’s real estate demands of one location comprised of residential apartments, retail and office space all within a work, live, play environment. It is our practice to maintain available inventory on-hand to immediately respond to opportunities,” explained Howard Brown, Chairman of David S. Brown Enterprises, Ltd. “Increasingly, businesses are making real estate decisions based on the availability of public transportation amenities. The heavy rail component of Metro Centre, offering rapid connections to the global markets throughout the region, positions Metro Centre uniquely in the marketplace.”
Metro Centre at Owings Mills currently consists of two five-story retail and residential buildings, which cumulatively contain 56,000 square feet of retail space on the ground floor and 232 market-rate apartment homes on the upper four floors. It also includes the 120,000 square foot County Campus building, which is comprised of the largest branch of the Baltimore County Public Library and a new satellite location of the Community College of Baltimore.
“Owings Mills already is a successful business community for finance, healthcare and insurance companies such as T. Rowe Price, CareFirst and Toyota Financial Services. Metro Centre at Owings Mills offers companies a Class ‘A’ transit-oriented location that brings employees and customers right to their door, whether by Metro subway or interstate,” said Baltimore County Executive Kevin Kamenetz.
Upon final completion, Metro Centre at Owings Mills is expected to support more than 1.2 million square feet of Class “A” office space; 300,000 square feet of complementary retail space and restaurant space; 1700 residential units; educational facilities totaling 120,000 square feet and a boutique, full-service hotel with conference and special event facilities.
More than 140,000 vehicles pass Metro Centre each day from Interstate 795 and 5,000 commuters board the Owings Mills Metro Stop each workday. More than 30,000 consumers utilize the library and community college per month. The downtown business district and Baltimore City amenities, such as M&T Bank Stadium and Oriole Park Camden Yards can be accessed in approximately 17 minutes from the project.
David S. Brown Enterprises, LTD., founded in 1933 and headquartered in Owings Mills, MD, is a full-service real estate company providing leasing, sales and management services. For additional information, visit www.davidsbrown.com