COLUMBIA, MD-After deciding to sell the Merriweather Post Pavilion for a potential $6 million as part of a possible conversion, property owner General Growth Properties has decided to take the outdoor concert facility off the market. The 31,200-sf hall and the 10-acre parcel it occupies have a total current assessed value of approximately $4.2 million.

Howard County officials had considered purchasing the Frank Gehry-designed property in order to appease citizens’ pleas to keep the 38-year-old venue open and unchanged; General Growth had previously advocated the redevelopment of Merriweather into a smaller, indoor facility. Both Howard County and General Growth are working on a master plan for downtown Columbia. That plan will likely include the development of residences and/or office space on Merriweather’s neighboring 51-acre parcel that is currently used to accommodate Merriweather parking for up to 4,600 vehicles.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.