A new, 10-story office building in Parole, to be built over the next year, could be the magnet that attracts big corporate business to Anne Arundel County, local economic development officials say.
The building, equipped with two power sources, top-of-the-line large offices and cables for fiber optics, "will be a big boost to us because we'll be able to show clients we have space for high-end professional corporate businesses," said Bill A. Badger, senior vice president of the Anne Arundel County Economic Development Corp.
The project, One Annapolis Exchange, also could be the county's first big move toward attracting "clean" industry, local economic development officials say.
"We're hoping it will be the start of building a clean industry area like the large one that has sprouted around Dulles Airport in Virginia," said Bob Burdon, executive director of the Anne Arundel Trade Council.
Constellation Real Estate, the developer, has not signed any tenants for the 200,000-square-foot office tower to be built between Jennifer and Bestgate roads near Anne Arundel Medical Center.
Company officials say they expect to have tenants lined up before the building, aimed at high-tech and computer businesses, opens, which could be in the fall of next year.
The building, financed by Anne Arundel Medical Center and Constellation, the real estate arm of Baltimore Gas and Electric Co., is part of a construction project that will include more office space and a 250-room hotel on 28 acres in the next several years.
Badger said the building is badly needed if Anne Arundel and the Annapolis area are to attract high-tech businesses.
"Annapolis has long suffered from not enough Class A office space," Badger said. "This new building will be a big boost to us because we'll be able to show clients we have space for high-end professional corporate businesses."
Officials say the project is a good sign of continuing job growth in the Parole Town Center. Annapolis Mall is adding a department store to its site.
AAMC has moved part of its operations to its 104-acre Medical Park site on Jennifer Road and plans to move the remainder of the hospital there in the next four years.
Annapolis Mall and surrounding restaurants should benefit from Annapolis Exchange, which will bring in hundreds of new jobs, said Beverly A. Blew, a broker with KLNB Inc., a Baltimore-based commercial real estate company that is selling the new office space.
The building will increase the county's tax base without adding greatly to environmental problems because the companies it will attract don't produce waste products that would pollute the air or the water, Burdon said.
"Clean-industry businesses don't have environmental issues," he said. "It's a great challenge protecting the bay and surrounding wetlands, so this is the perfect type of business."
Pub Date: 3/10/98