Greenberg Gibbons closes on Frederick Brickworks 65-acre development property

Baltimore, MD — Greenberg Gibbons, one of the East Coast’s premier developers, investors, and operators, announced today it has closed on the Frederick Brickworks property and will begin construction in July on the $450+ million, 65-acre mixed-use destination in Frederick, on the former brick manufacturing site that is the project’s namesake. Located along the thriving I-270 technology corridor, Frederick Brickworks will pay tribute to the site’s history and create an attractive gateway into Frederick’s historic downtown district, which attracts more than two million visitors annually.

Frederick Brickworks will include up to 100,000 s/f of retail space anchored by a premier organic grocer and a new-to-market fitness studio. The retail portion of the mixed-use destination is already 50% leased and will feature a mix of leading retail stores and fast-casual restaurants. It will also include up to 700 contemporary apartments and 320 for-sale townhomes built by Wormald and NVR, Inc. Additionally, the destination will feature seven acres of dedicated park space.

Construction is expected to begin this summer and will proceed in two phases. The first phase will include 100,000 s/f of retail, 332 apartments, and 320 for-sale townhomes, and is expected to be completed in late 2028. The second phase will include up to 350 apartments.

Frederick Brickworks will generate significant economic benefits for the Frederick community and greater Maryland region. The project is anticipated to support approximately 5,600 jobs—including 1,300 permanent positions and 4,300 construction jobs—and generate an estimated $181 million in annual business sales, $7.6 million in annual tax revenues, and $52 million in annual employee compensation.