A new owner hopes to bring shops and restaurants to a stretch of vacant storefronts in the Towson Commons building in downtown Towson.
Towson Commons Retail LLC — a venture between Baltimore-based MFI Realty and Bethesda-based Woodmont Properties — bought 115,000 square feet of the Towson Commons building in November. The sale was announced Tuesday. The purchase price was $15.25 million, according to state tax records.
Located at the corner of York Road and Pennsylvania Avenue, and with a rotunda shape and tall glass windows, Towson Commons is a distinctive building in the heart of Towson. The building is really like “the Main and Main of downtown Towson,” said Michael Stoltz, director of leasing for Baltimore-based MFI Realty.
Stoltz said he hopes to bring in a mix of shops, restaurants and service businesses, such as a salon, to fill the space. He declined to name potential tenants.
County Executive Kevin Kamenetz publicly challenged MFI to have the space filled within a year.