$300 Million Towson Row Mixed-Use Development Coming Downtown

Towson Row, a $300 million mixed-use development planned by Caves Valley Partners, is anticipated to begin construction in 2015, County Executive Kevin Kamenetz announced Wednesday. 

The 1,000,000-square feet development will be built on five acres bordered by York Road, Towsontown Boulevard, Chesapeake and Susquehanna avenues, according to a news release. 

Features of Towson Row include approximately 200,000-square feet of office space, 350 luxury high rise apartments and condominiums, more than 1,000 garage parking spaces, 200 limited service and extended stay hotel rooms, 300 student housing units and more than 100,000-square feet of retail, shops, restaurants and an upscale grocery store. 

"Towson Row is a transformational private investment in downtown Towson,"  Kamenetz said in the release. "A great county seat deserves a great, vibrant downtown. Towson Row is poised to be the catalyst for making that vision reality."

Caves Valley Partners, which will own and manage Towson Row, intend to start the development process later this year, the release states. The developers were recently responsible for converting the former Investment Building into the now fully leased Towson City Center.

With the addition of Towson Row, Kamenetz administration has over seen more than $600 million in private investments, including 101 York, Towson Square and Towson Green in downtown Towson.   

"Towson Row's private investment is projected to bring millions in property tax revenue to Baltimore County that allows us to improve our quality of life and support public safety, public education, and restore our aging infrastructure, while still maintaining a stable tax rate. It will also provide construction jobs and new employment opportunities for a generation," Kamenetz said in the release. 

A virtual video tour of new development in downtown Towson is available online.