Kimco to Build Mill Station $110 Million Open-Air Shopping and Dining Experience in Baltimore
Kimco Realty Corp introduced plans for Mill Station – a new, open-air shopping destination at the former site of the Owings Mills Mall in Baltimore County, Maryland. Costco will anchor the 575,000-square-foot Kimco Signature Series development, which will feature national, regional and local retailers, a variety of dining options, ample parking, green space and pedestrian-friendly walkways. Construction is scheduled to commence in early 2018, with completion expected in early 2019.
The approximately $108-million, ground-up development will house up to 30 retailers and restaurants, linked by a network of walkways and connections to existing office and retail. Mill Station lies in close proximity to mass transit, and enjoys direct access to I-795, connecting Carroll County with Baltimore County. The shopping center will serve a population of 166,000 in the surrounding five-mile area, with an average household income of approximately $93,000.
Costco will open a 148,000-square-foot warehouse club at the shopping center, to include a deli, bakery, food court, garden center, optical department, photo center and a gas station. The Mill Station club will be the only Costco location within a 15-mile radius. Kimco is negotiating leases with several additional retailers to occupy a total of 350,000 square feet at the new center. Furthermore, the site’s existing AMC Theatre will be fully modernized, creating a state-of-the-art cinema experience.
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