Joint venture is formed to build Security Station

COMMERCIAL REALTY NOTES

August 21, 1991|By Edward Gunts

The Altfeld Development Co. and Klein Enterprises Inc. have formed a joint venture to construct a 35,000-square-foot shopping center at Security Boulevard and Rolling Road in western Baltimore County.

Called Security Station, the $3.1 million shopping center will be built on a 4-acre site formerly occupied by a branch of Household Bank of Maryland, a building scheduled for demolition this summer. The new center will be anchored by a branch of Staples, an office supply store that will occupy 17,500 square feet. Other tenants will include Household Bank and Diamond Cleaners.

Taylor White Construction Co. is the general contractor, and Bignell Watkins is the architect. Kayne Levin Neilson Bavar Realtors is the leasing agent. Provident Bank of Maryland provided acquisition and construction financing.

Steve Ziger of Ziger, Hoopes & Snead is the new architect for the Inner Harbor Medical Center, a five-story, 50,000-square-foot medical office building planned for the northeast corner of Fleet and Eden streets by a local group headed by Bernard and Damian Bohager and a physicians group headed by Dr. Lewis Newberg.

Partner Damian Bohager said that developer Maurice Freelander dropped out of the $7 million to $8 million project and his architect, Gould Architects P.A., went with him. Struever Bros., Eccles and Rouse will handle development consulting, marketing and construction management as part of its increased role in the development team.

Construction could begin by January.

RTKL Associates Inc. has been developing long-range plans under which the Towson Town Center mall could be expanded with a 12-story to 13-story office and retail building at the northeast corner of Dulaney Valley and Joppa roads.

Preliminary plans call for a building containing up to 270,000 square feet of office and retail space and a separate garage for about 1,500 cars.

The developer of the $100 million mall expansion, a group headed by the Hahn Co., is scheduled to present plans of the project to members of the Baltimore County Review Group in the next several weeks. A construction timetable has not been established and work will not proceed until a lead tenant emerges, but the developers are moving ahead with planning now at the request of county officials.

A local group headed by Larry Boltansky is exploring plans to build a four-story, 25,000-square-foot office building in place of the surface parking lot it owns near the northeast corner of Lombard and Charles streets.

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