Black Oak finalizes $60 Million dev. of Eldersburg Commons
Towson, MD — Black Oak Associates has announced the completion of the $60 million redevelopment of Eldersburg Commons, a 300,000 s/f retail shopping center formerly known as Carrolltown Mall and located in Eldersburg, Carroll County. The retail center is located at 6400 Ridge Rd. in Eldersburg.
Since initiating the redevelopment in fall 2013, Black Oak has attracted seventeen new retailers to Eldersburg Commons comprising 275,000 s/f of space and bringing the center to nearly 100% occupancy. The project consists of a large retail section anchored by the 190,000 s/f Walmart Supercenter, which opened last fall, as well as four free-standing retail buildings and three pad sites. Walmart offers a variety of products, including a full line of groceries, electronics and a pharmacy.
In addition to Walmart, new tenants include AT&T, Chipotle, Dental Care at Eldersburg Commons, Jimmy John’s, MOD Pizza, Noodles & Co., Olympia Sports, PETCO, Sleepy’s, TJ Maxx, Ulta and The Vitamin Shoppe. Additional new tenants that are expected to open in the near future include Hair Cuttery, Luxury Nails & Spa, Menchie’s Frozen Yogurt, and Sunny’s Fine Wines & Liquors.
“Our vision to redevelop this center to better serve the shopping needs of the Eldersburg community was validated by the attraction of seventeen new retailers to Eldersburg Commons, representing a diverse assortment of national, regional, and local merchants,” said Dixon Harvey, partner at Black Oak Associates. “This redevelopment was a true team effort involving Carroll County government, our neighbors, and our development team including our lending partner, Eagle Realty. We thank the community for their extreme patience through the many months of inconvenience and disruption that led to the delivery of this revitalized product.”
“As we continue to work for good economic development to meet the future needs of our community, we are thankful for the investment of money and talent to rehabilitate this property” said Carroll County Commissioner Doug Howard. “It is a great asset to our community and another critical step as we build for our future, and that of our children and grandchildren.