10-26-12

6B— October 26 - November 8, 2012 — Shopping Centers — Retail Design Competition - Mid Atlantic Real Estate Journal

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M IXED -U SE /R E -D EVELOPMENT Approx. 400,000 s/f retail mixed-use project wins “SILVER” The Martin Architectural Group redevelops Towne Centre at Laurel

addition to access to amenities that would normally be a 10 to 30 minute drive in a suburban setting. 3. Many of these properties, prime for redevelopment are near or connected to mass tran- sit, creating a transit oriented development, reducing the de- pendence on automobiles for the residents. The Laurel Mall re-vision will incorporate approximately 400,000 s/f of retail and 435 rental apartments. A walkable outdoor main street anchored by a cinema and incorporating fast casual and leisure dining experiences with café seating and amenities will encourage gathering and social interaction. Lush landscaping and abundant seating placed within a central green provide a park like setting in the middle of this revitalized asset of the Laurel Maryland community. What makes this Project/ Job your favorite or most unique? The Martin Architectural Group believes that any oppor- tunity to revitalize an existing property and improve on the

P ROJECT B IO

T HE P ROJECT T EAM

Developer Somera Capital / AEW Capital / Greenberg Gibbons Comm’l. Architect The Martin Architectural Group, PC Base Building MEP PE Services Civil Engineer Greenhorne & O’Mara General Contractor Chesapeake Contracting Grp. Site Utilities Engineer B&R Construction Services Structural Engineer Morabito Consultants community’s socio-economic diversity is always rewarding and uplifting. This project will reposition a 30% occupied mall property into a vibrant outdoor main street center with gather- ing spaces and amenities for the Laurel, Maryland com- munity and their surrounding neighbors. n

he redevelopment of another failing mall and repositioning it to a vi- brant town center which will include a proposed 12 screen cinema, proposed 50,000 s/f Harris Teeter grocery, relocated 70,000 s/f Burlington Coat Fac- tory and various other retailers, as well as fast casual and leisure dining concepts. The property will also incorporate 435 rental apartments and two structured parking decks. The development team of Somera Capital, AEW Capital and Greenberg Gibbons Com- mercial, have selected a design team, headed by The Martin Architectural Group and civil engineer Greenhorne &O’Mara. Both the developers and design Size: Approx. 400,000 s/f retail & 435 rental apt. Submitting Company Type: Architect T Location: Laurel, MD Project Name: Town Centre at Laurel Type of Project: Mixed-Use

Towne Centre at Laurel

professionals are experienced in designing plans that turn failing properties back into economic drivers of the communities they serve. The key to redevelopment of these sites is to attract a mix of local, regional, and national tenants, while providing a mix of shopping, dining, and enter- tainment. Acommitment to sup- porting the center by designing opportunities for community in- teraction with the center is vital for a successful redevelopment.

A growing trend in retail devel- opment sites is the addition of rental apartments adjacent to or within the boundaries of the property. The introduction of a residential component serves several purposes: 1. The residential component provides “captive” patrons. 2. Regional malls tradition- ally have been developed along major interstates and highways to allow easy access. Residents of these properties enjoy the benefit of highway access, in

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The Mid Atlantic Real Estate Journal would like to congratulate all the winners & Project team consultants To feature your project Contact Elaine Fanning 800.584.1062 ext. 212 efanning@marejournal.com

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