TOWSON, MD-The latest major redevelopment project to hit Towson is locally-based Caves Valley Partners' plan to redevelop a five-acre downtown site called Towson Row.
The $300-million project would include 200,000 square feet of office space, 100,000 square feet of retail, high-rise residential development with 350 apartment and condominium units, a 200-room hotel, 300 student housing units and a 1,000-space parking garage, according to the Baltimore Business Journal.
Caves Valley Partners Principal Arthur Adler said in a statement, “Towson can be every bit as vibrant and successful an urban center as places like Bethesda or Harbor East in downtown Baltimore. We think the timing of our acquisition coincides with Towson being on the upswing and ready for its transformation into an urban center.” See story in the Baltimore Business Journal.
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