American Can site to get a tech center 'State-of-the-art' incubator is envisioned as 'a flagship for the state'

Development

September 19, 1997|By Brenda J. Buote | Brenda J. Buote,SUN STAFF

During a groundbreaking ceremony at the former American Can Co. in Canton yesterday, the developer of the rehabilitation project announced that the complex will be home to an emerging technology center that would serve as an incubator for new businesses.

With aid from area colleges and universities -- including the University of Maryland, College Park; Johns Hopkins University; University of Maryland, Baltimore County; and Morgan State University -- the Maryland Economic Development Corp. will establish the center in a 48,850 square-foot space on the third floor of the 1913 factory building.

"The center will be a state-of-the-art facility," said developer C. William Struever. "It will be a flagship for the state, attracting new businesses and young talent in the technology field."

Can Co. LLC, an associate of Struever Bros., Eccles & Rouse, has a contract to purchase the former American Can Co. at 2400 Boston St. Struever said he plans to preserve the five remaining buildings on the site, giving the complex a strong link with the area's industrial past.

"The innovative Can Co. project is a leading example of our 'Smart Growth' initiative to focus development and growth in established urban and suburban areas," said Gov. Parris N. Glendening, who attended the groundbreaking. "This site was once a vital hub, and, with the dedication and hard work of so many people, it will thrive again."

Pub Date: 9/19/97

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