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ANNAPOLIS, MD-Work has begun on the 2.1-million-sf mixed-use Annapolis Towne Centre at Parole. Developer Greenberg Gibbons Commercial Corp.--known as Greenberg Commercial Corp. up until Jan. 1--and minority partner Petrie Ventures are behind the $400-million project, which will ultimately yield retail, office and residential offerings.

Greenberg acquired the long-vacated Parole Plaza in 2004, spending $27 million on the 33-acre property. The 500,000-sf open-air shopping center was developed about five decades ago, but its doors were shuttered in the mid-90s.

Greenberg demolished the building in July 2004. As detailed at that time, the plan called for the creation of 600,000 sf of retail space, 120,000 sf of office space and a 900-unit residential segment of condominiums and apartments. Bozzuto, K. Hovnanian Homes and Sturbridge Homes have all committed to developing residential units at Annapolis Towne Centre. Bozzuto has plans for a 200-unit high-rise apartment building with two-stories of lower-level retail space. And two national retailers have committed to opening locations in anchor positions at the mixed-use development. Target will occupy a 140,000-sf space, while Whole Foods market will open the doors to a 75,000-sf store.