A developer’s plan to rebuild a large chunk of downtown Towson, adding office and retail space plus new residences and a hotel, won’t swamp that suburban market with unneeded square footage, real estate insiders say.
Optimism abounds for Caves Valley Partners’ $300 million Towson Row, a 1 million-square-foot mixed-use community off York Road near Towsontown Boulevard. There’s demand for new construction and the walkable experience that the project aims to create, real estate experts say.
“I’ve been in this market 25 years. Towson really needs this,” said Bill Whitty, a senior vice president and principal of MacKenzie Commercial Real Estate Services LLC