Friday, July 6, 2012

Target, N.C. grocer eye Canton site - Baltimore Business Journal:

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Both retailers are expandingt in Greater Baltimore with storees planned in other areas ofthe city. A storew in banker and real estatr developerEdwin F. Hale Sr.'s Canto n Crossing would give both a stronget toehold in the regiohn and significantly boostthe project's retail Commercial real estate sources said Hale is planning to put the new retailer s at the eastern edge of Canton Crossing, closest to Haven Streetr and the 28-acre property beyond that. They also said Targe had been considering Brewers an office and retail project near Canton Crossin developed byEccles & Rouse Inc. Strueveer Bros. declined to comment.
"We definitelu need more retail along the saidDarryl Jurkiewicz, president of the . "Another grocery storew wouldn't hurt." Jurkiewicz said he spoke to Hale recently and that the developere had said a deal with Target and Harris Teeteis imminent. Renderings prepared for Hale by theof Va., show a proposerd two-story building closest to Haven Street that woulfd include a supermarket on the firstr floor and a department store on the second level. It is one of severapl potential retail sites on the CantobnCrossing plan.
Laurie Feinberg, chieft of the Baltimore City Planning Department's comprehensivr planning division, said Hale would need a zonin g change in order to use that part of Canto n Crossing forretail space. Canton Crossing is slated to includer as much as 1 million square feet ofofficd space, 270,000 square feet of retail and restaurant and a 450-room hotel. Of that, Hale has only developed a smallp portion, which includes a 17-story First Marine Bank Tower and a mix of other retailere that includeDella Rose's Tavern, About Facess Day Spa & Salon and Merritt Athletivc Club.
Target is expanding in the region, with plans to open a store this summer at Mondawmihn Mall as part ofthe mall'd $70 million redevelopment. Officials at the Minneapolis retailer could not be reached for Harris Teeter spokeswomanJennifer M. Panetta said the N.C., grocer is "actively seeking new real estate opportunitiesw tolocate stores." But the grocer cannot commenyt on any specific location until a lease is signed, she The upscale grocery chain is expandinf in Greater Baltimore. Harris Teeter is eyeing McHenry Row, a retail and residential projecft under way in Locust Pointy spearheaded by developerMark Sapperstein.
A store at McHenry and Cantoj Crossing would give the grocer a presence at two ends of the in South Baltimore and East Harris Teeter also is opening two stores inHoward County, at Columbia'ss Kings Contrivance and Fulton's residential and retail developmenf Maple Lawn.

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