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Shopping mall redevelopment approved by county officials

The redevelopment of a shopping mall in Eldersburg, Maryland was approved recently by the Carroll County Planning Commission. The approval clears the way for construction to start on the project that will cost an estimated $50 million. 

The shopping mall redevelopment plan has been in the works for quite some time and local officials hope to attract some of the nation's top retailers to the newly renovated retail property. Walmart has already committed to installing a Supercenter store to anchor the new mall. 

The project is expected to create 221 construction jobs while it is being built and about 630 permanent jobs in the retail stores and restaurants that open when the construction is finished.

Local officials say that the project is important as a way to help revitalize the area and to support the overarching development goals of the county as a whole.

This project like many commercial real estate development projects before, has required signficant advance work to make it possible. For example, construction permits and environmental approvals are needed in order to secure city support, and the developer must be sure that the plans comply with current zoning requirements for the site. This type of development also requires commitments and support from national retailers and other merchants who will be using the space and need to make sure that the location and specific plans for the shopping center will suit their needs.

All of these issues have now come together for the Carroltown project, allowing plans for construction to move forward.

 

Source: Baltimore Sun, "Carrolltown Mall redevelopment set to begin," Lorraine Mirabella, Oct. 3, 2012.

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