Towson's $350M Mixed-Use Project Hits Stumbling Block
The massive, $350M mixed-use Towson Row has hit a stumbling block. Literally.
Developer Caves Valley Partners has discovered solid rock under the surface where it had intended to build a 1,500-space underground parking garage below anchor tenant Whole Foods, the Baltimore Sun reports.
The developer says it will find another spot at the site for the garage after redesigning the project, although those plans would need county approval.
The downtown Towson development is slated to hold a 200k SF office tower, student housing, 300 luxury apartments and a 150-room luxury hotel. Downtown Towson's largest redevelopment project will also include 100k SF of retail when it opens.
It had been slated for 2019, but it's unclear how much the rock will delay the project. [Sun]