Real estate firm applies to develop a tract in Parole as an jTC office, hotel and retail complex Meeting set to discuss plans for Jennifer Road

July 15, 1996|By Dan Thanh Dang | Dan Thanh Dang,SUN STAFF

Constellation Real Estate has applied to develop a 28-acre tract on Jennifer Road in Parole with a 10-story office, hotel and retail complex, the definitive sign that the land is where its parent company, Baltimore Gas and Electric, will set up its new headquarters.

When BGE announced last September it would move its 180-year-old corporate headquarters to Annapolis as part of its merger with the Potomac Electric Power Co., speculation centered on the land owned by Anne Arundel Health Systems, but company officials would not comment.

The county Department of Planning and Code Enforcement has scheduled a meeting at 10 a.m. Aug. 1 to discuss the application.

The move by the merged company, to be called Constellation Energy Corp., promises to bring more jobs, money and prestige to Annapolis and Anne Arundel County, said William Badger, a business location consultant for the Anne Arundel Economic Development Corp.

"We've been told they'll be bringing anywhere from 100 to 200 corporate employee jobs -- high-paying senior positions that will help stimulate the economy here," Badger said.

The merger agreement will result in an entity with $15 billion in assets that serves a population of 4.5 million in Maryland and Washington when it is completed in early 1997.

"When the ninth largest utility company chooses you as a location, it's a tremendous asset to the area," Badger said. "Annapolis is regarded as one of the premiere corporate locations in the country.

Constellation officials said they picked Annapolis because they needed a centrally located site with no ties to either company.

If all goes according to plans, the first phase of construction, the 10-story office building, will be completed by the end of 1997, said Chris Soldano, a development administrator for planning and code enforcement.

A second phase of development will be completed depending on the market for additional office space, retail stores and hotel rooms, Soldano said. All plans must meet the county Incentive Program for the Parole Growth Management Area -- guidelines set up to ensure that the applicant offers such things as public open space, transportation improvements and environmental enhancements, Soldano said.

Next month's meeting will allow the public to view the proposal and to comment, Soldano said. Anyone interested in attending can call 222-7960 for information.

Pub Date: 7/15/96

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