Property a hot ‘target’ for retailers

Written by on June 27, 2012 in Neighborhood News - 1 Comment

As rumors continue about a Target store and a Harris Teeter grocery store coming to Canton, landowners say they are closer to a deal with undisclosed retailers, and hope to begin site preparations by the end of the summer.

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At his annual constituents’ breakfast on June 16, First District Councilman James Kraft said that plans for a Target, a Harris Teeter, and Michael’s Arts and Crafts along Boston St. were signs of an economic turnaround.

“Ladies and gentlemen, there is a turnaround, at least in the city of Baltimore,” said Kraft.

“He’s not supposed to name names,” said Neil Tucker of Chesapeake Real Estate Group, which owns the 325,000-square-foot property on Boston St., adjacent to Merritt Athletic Club. “What I can tell you is that we’re working with a national discount department store and a full-service grocery store.”

Tucker said that his organization has not finalized a deal with anyone at this point.

“We are in active negotiations with many retailers,” he said.

Tucker said that the site will likely house about 30 different retailers, from big-box stores to “junior boxes” to small shops. He said he expects a “wide variety of tenants in multiple categories.”

“The response has been pretty exceptional, given the state of the economy and retail in general,” said Tucker, adding that interest in the site has been strong “from the day we announced we had purchased the site, a little over a year ago.”

According to Tucker, Chesapeake Real Estate Group is “hopeful to be starting construction by the end of the year.”

In addition to the retail stores, the development will include several road additions and improvements, Tucker added. He said a new street, dubbed “Boh-Donnell,” will serve as a bypass from Boston St. to O’Donnell, and that motorists won’t have to cross the railroad tracks when heading west. Tucker said Eden street will be lengthened to head all the way south to Boston St., where it will enter the shopping center at a new traffic light.

The long-term traffic improvement plan, he added, is a Red Line stop coming to the area.

by Erik Zygmont
editor@baltimoreguide.com

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