OWINGS MILLS, MD–Kimco Realty has unveiled its plans for Mill Station, an open-air shopping center at the former site of the Owings Mills Mall in Baltimore County. Costco will anchor the 575,000-square-foot mall, which is expected to begin construction in early 2018. Completion is scheduled for early 2019.
The $108-million, ground-up development will house up to 30 retailers and restaurants, linked by a network of walkways and connections to existing office and retail. “Kimco is transforming this asset, delivering an impressive mix of national brands, local shops and dining options in a modern, open layout that better reflects the desires of local shoppers and the character of this area,” said Kimco CEO Conor Flynn in a prepared statement.
Kimco is negotiating leases with several retailers to occupy a total of 350,000 square feet at the new center. Meanwhile. Costco has signed on to open a 148,000-square foot warehouse club at the shopping center.
Mill Station has direct access to I-795, connecting Carroll County with Baltimore County. The shopping center will serve a population of 166,000 in the surrounding five-mile area, with an average household income of approximately $93,000.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
