Mayor Craig A. Moe has announced his great excitement at learning the news that Greenberg Gibbons, a prominent and distinguished Maryland Developer, has become the development partner with Somera Capital and AEW to transform the Laurel Mall. Greenberg Gibbons is one of the Baltimore-Washington region’s premier developers of mixed-use, town center and retail properties. Greenberg Gibbons will also manage and lease the existing mall.
Mayor Moe said he has personally met with Brian Gibbons and looks forward to the presentation of Mr. Gibbons’ vision for the Laurel Mall property. Mayor Moe noted that Greenberg Gibbons has an excellent track record in commercial site development, citing Greenberg Gibbons projects that include Annapolis Towne Centre, the Villages South at Waugh Chapel, Hunt Valley Towne Centre, and the White Marlin Mall in Ocean City. Mayor Moe congratulated Greenberg Gibbons for the Annapolis Towne Centre being named the “Project of the Year“ by the 2010 Land Development Council’s Excellence in Community Development Awards, presented by the Home Builders Association of Maryland. Annapolis Town Centre is a $500 million mixed use development. The Land Development Council Award of Excellence program recognizes the most creative, first-class development projects that are sensitive to their surrounding communities, and make appropriate use of existing natural elements.
Mayor Moe stated he is pleased that the City’s reconsideration and discussion of the TIF status played a role in focusing Somera Capital and AEW to reconsider the way Laurel Mall was looked at for redevelopment. Mayor Moe acknowledged the City Council’s role in this and thanked them for supporting revisiting the TIF status. Mayor Moe also thanked former Mayor Robert J. DiPietro for encouraging Somera Capital and AEW to consult with Greenberg Gibbons to energize the Laurel Mall project. Mayor Moe expressed his appreciation for the working relationship the three companies have forged to give new life and priority to the redevelopment of Laurel Mall.
Mayor Moe suggested that all who are interested in learning more about Greenberg Gibbons and the projects the company has completed visit www.ggcommercial.com. He believes that everyone will agree that the future of the Laurel Mall project development and leasing to the stores Laurel wants and deserves is now in good hands.
For Immediate Release
February 14, 2011
Contact: James Collins, Public Information Officer
301-725-5300, ext. 2244
E-Mail: [email protected]