Towson University plans to buy the Charles Schwab Building in downtown Towson for around $7.5 million to move some administrative offices off campus, according to the Board of Public Works agenda for July 3.

The building, which is a half a mile north from the main campus at 401 Washington Ave., is near a number of county government offices as well as the Towson Armory, another university building project.

“Right location, right property, right price,” said Sean Welsh, a Towson University spokesman, about the anticipated purchase.T

he 130,000-square-foot tower could partially relieve a 300,000-square-foot shortage of space the university is experiencing due to its growing student population, Welsh said.

“The university has a shortage of space to serve the students adequately,” he said.

The undergraduate population has seen an 8% increase from 2008-2018, while the overall student population has grown by 9%, according to Towson University’s Common Data Set. Currently, the university has just under 23,000 students but plans to cap enrollment at 25,000 before 2024.

(Full article has been deleted from Baltimore Sun website): Towson University plans to purchase Charles Schwab Building to relocate administrative offices – Baltimore Sun