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Maryland development to see several new retailers

A number of well-known retailers will be opening at The Shops at Canton Crossing in Baltimore, Md., a move the developer and city officials hope will revitalize the area and encourage similar developments. The developer recently announced that Old Navy, Red Robin and several other stores and restaurants will join a Target in the 325,000 square-foot shopping center, claiming that the majority of the center's retail space has been filled.

The developer, BCP Partners, plans to lease floor space of a $105 million retail property to about 30 stores, including such franchises as Sleepy's, Vitamin Shoppe, Jimmy John's and BB&T bank. A real estate official who helped broker the deal argues that the community clearly showed "a pent-up demand for this type and mix of tenants," adding that many Canton residents were leaving Baltimore and traveling to the suburbs for their shopping needs. He believes the development will increase interest in Canton, encourage redevelopment and ultimately drive both people and money to the area.

A partner with BCP said The Shops will help fill what he called Baltimore's "apparel void." He explained that several Baltimore neighborhoods have upscale and boutique clothing options, but finding more moderately priced clothing or apparel for children within the city is more difficult. According to the president of the Canton Community Association, most residents of the area are pleased about the development.

The Baltimore City Councilman representing Canton was similarly supportive of the influx of retailer, believing they will meet residents' needs and encourage people to shop within the community rather than driver to other areas. He noted that there is some community concern over potentially increased traffic congestion, but stressed that residents are generally looking forward to the center opening.

BCP says it hopes to build 100,000 additional square feet for a second phase of shops, though that space will be used for parking until those plans are finalized

Source: Baltimore Sun, "Harris Teeter, Old Navy, Loft to Open with Target at Canton Crossing," Lorraine Mirabella, Feb. 5, 2013

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