OWINGS MILLS, Md. - It has been around for 25 years, but business has certainly been better at the Owings Mills Mall.
Now there is hope for revitalization. It was announced today that General Growth Properties is teaming up with Kimco Realty to redevelop the mall.
The 1 million square foot mall has been losing businesses in recent years.
Baltimore County Representatives say that the redevelopment could lead to new jobs in the area and the plan is to tear down the existing mall and replace it with an outdoor shopping mall.
"General Growth Properties and Kimco are national leaders in shopping center development and management. Together, these powerhouse developers will bring fresh ideas, new stores, and an exciting vision for retail shopping in Owings Mills. They've got the track record, the relationships with national retailers, and the expertise to once again make Owings Mills a dynamic regional shopping destination," said Baltimore County Executive Kevin Kamenetz.
"There is big news, and then there is BIG news," said 4th District Councilman Ken Oliver. "The announcement that most of Owings Mills Mall will essentially be torn down and turned into a state-of-the art retail destination location is outstanding. I've been waiting for this announcement for more than a decade."
The redevelopment is scheduled to begin in 2013, and expected to be completed by 2014.