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Power Center
GLA: ~250,000 - 600,000+ SF
Trade Area: ~5-10 miles
Number of Tenants: 3+ anchors and sub-anchors; minimal inline tenants other than pad sites
- “Category Killers”: anchor and sub-anchor-sized stores that contain a large quantity of goods offered at low prices
- Mass market to upscale national chain stores, typically in a sub-anchor format
- Pad retail typically found along the road frontage
Hunt Valley Towne Center Residential
Greenberg Gibbons acquired Hunt Valley Towne Center, previously an indoor shopping mall with either vacant spaces or underperforming tenants, with the vision of reinvigorating it into a holistic lifestyle destination through retrofits and redevelopment projects.
Transforming a mall into a mixed-use destination
The surrounding demographics and the nearby light rail stop made Hunt Valley Town Center a prime candidate for redevelopment.Phase one of the latest project kicked off in 2019 with a $150 million renovation of a 13.75-acre parcel on the property. The primary component was a multifamily retrofit in partnership with Avalon Bay to build over 300 upscale apartment units with various community amenities. The units were partially constructed as a wraparound existing retail, and additional phase one retail enhancements included a new Wegmans and 30,000 sf of ground floor retail.
