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Plans for construction of 101 York, a mixed-use project of student housing, commercial space and parking, advanced a step last week when County Councilman David Marks, who represents Towson, introduced a resolution April 21 to approve the continued review of a proposed planned unit development for the project. The council is expected to act on the measure May 22.

The project, which faced criticism from Towson leaders when it was introduced last year, has been revised, according to Marks.

Additional parking, bike racks, a stop for the future Towson circulator, changes in architecture and a community benefit package directed to the three closest neighborhoods adding $15 million to the original $60 price tag have been added to the project, Marks said.

If the project proceeds as proposed it will have room for 611 students, 495 parking spaces, 9,300 square feet of retail on the ground level, as well as an option to lease 150 additional parking spaces from the Baltimore County Library garage, according to Wendy Crites, executive director of DMS Development, the project's developer.

The newest proposal, she said, adds 40 more beds as well as another level to accommodate the additional parking. The project, located on the west side of York Road, will have access to both York Road and Burke Avenue

"It is strictly student housing," Crites said.

Units will have either two or four beds with two baths, although there will be some one-bedroom studio apartments as well. The front desk will be staffed at all times.

Revisions came in response to neighbors' concerns, Crites said. "I feel like we reached out there to meet people's needs," she said.

The project has the support of Nancy Hafford, executive director of the Towson Chamber of Commerce.

"It makes sense," she said. "Towson University has grown by leaps and bounds over the last 15 to 20 years."

Originally posted here:
A step forward for 101 York project in Towson

Plans for construction of 101 York, a mixed-use project of student housing, commercial space and parking, advanced a step last week when County Councilman David Marks, who represents Towson, introduced a resolution April 21 to approve the continued review of a proposed planned unit development for the project. The council is expected to act on the measure May 22.

The project, which faced criticism from Towson leaders when it was introduced last year, has been revised, according to Marks.

Additional parking, bike racks, a stop for the future Towson circulator, changes in architecture and a community benefit package directed to the three closest neighborhoods adding $15 million to the original $60 price tag have been added to the project, Marks said.

If the project proceeds as proposed it will have room for 611 students, 495 parking spaces, 9,300 square feet of retail on the ground level, as well as an option to lease 150 additional parking spaces from the Baltimore County Library garage, according to Wendy Crites, executive director of DMS Development, the project's developer.

The newest proposal, she said, adds 40 more beds as well as another level to accommodate the additional parking. The project, located on the west side of York Road, will have access to both York Road and Burke Avenue

"It is strictly student housing," Crites said.

Units will have either two or four beds with two baths, although there will be some one-bedroom studio apartments as well. The front desk will be staffed at all times.

Revisions came in response to neighbors' concerns, Crites said. "I feel like we reached out there to meet people's needs," she said.

The project has the support of Nancy Hafford, executive director of the Towson Chamber of Commerce.

"It makes sense," she said. "Towson University has grown by leaps and bounds over the last 15 to 20 years."

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A step forward for 101 York project

Bangalore has been ranked 31st among the global cities actively adding shopping centre space in 2014, according to the latest Global Viewpoint from CBRE Research.

According to CBRE research, New Delhi is ranked 21st, Hyderabad 23rd, and Bangalore 31st, among the global cities with the maximum shopping centre space under construction in 2014.

India continues to see a wave of new shopping centre development despite some developers pushing back completion dates due to the financing issues.

Around 500,000 sq m of new retail space is under construction in New Delhi. The largest two projects, DLF Mall of India NOIDA (204,385 sq m) and Logix City Center Mall (111,483 sq m), are both located in Noida. Among tier II cities in India, Hyderabad is the most active market with a supply pipeline (483,000 sq m) presently three times greater than its existing stock. Buoyant occupier demand is pushing for a strong development pipeline in New Delhi with 500,000 sq m of new retail space presently under construction.

Globally, a total of 39 million sq m of shopping centre space is presently under construction across the major cities, representing a 3 million sq m increase from 2013, according to the report. Most of this development activity for shopping centre space around the world is focused in China. According to the report, over half of the shopping centre space under construction in the 180 countries surveyed is taking place within Chinas borders. Shanghai takes the first position with 3.3 million sq m of space under construction more than the combined total of all 86 European cities, excluding those in Russia and Turkey. Just behind Shanghai is Chengdu with 3.2 million sq m, followed by Shenzhen and Tianjin with 2.7 million sq m and 2.5 million sq m under construction, respectively.

Commenting on the findings of the report, Anshuman Magazine, CMD, CBRE, South Asia Pvt Ltd, said: Strong economic growth in many Asian markets has been attracting an increasing number of cross-border retailers. Though China remains by far the most active market for shopping centre development, the tier I and II cities of India are also among the most active globally.

He added, Unfortunately, however, there continues to exist a dearth of quality shopping space in many of our market places.

Along with the large-scale urbanization of our leading cities and a burgeoning middle class population, it is this that has been driving shopping center development forward.

The scale of new development in Asia and China in particular is staggering but there are a number of quite understandable factors behind it. The most reported is economic growth, which continues although now with some signs of slowing down. In addition, Chinese cities, and many others in Asia, present a physical environment that lends itself to environment-controlled shopping centres. Outdoor shopping can be too hot, too humid, too cold, too wet, too unsafe or too dirty and polluted modern shopping centres are none of these when managed properly, said Sebastian Skiff, Executive Director of CBRE Retail.

Kuala Lumpur in Malaysia falls just outside the top 10 coming in as the 11th most active market globally. Southeast Asia has 3.3 million sq m under construction and nearly 40 per cent of this is located in the Malaysian city. In Vietnam, Ho Chi Minh City and Hanoi have also seen a large number of new developments in suburban areas and are seeing strong leasing demand from retailers attracted by lower rents and the lower-to-mid income residences nearby.

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City 31st globally in shopping centre space additions in 2014

Rendering courtesy of Donahue Schriber

Shopping center owner and operator Donahue Schriber plans approximately $50 million in improvements at Del Mar Highlands Town Center in Carmel Valley, including a parking structure, movie theater expansion, and new stores and eateries.

Company officials said plans call for adding about 80,000 square feet of retail space to the centers current 283,000 square feet. There will also be a three-screen expansion of the centers existing eight-screen Cinepolis Luxury Cinemas, and a new building housing a KinderCare Learning Centers location.

The three-level parking structure will be built along Townsgate Drive, expanding an existing parking field behind the center. All of the centers current parking is in surface lots.

The parking structure will have about 600 new parking spaces and will include top-level walkways, three pedestrian entries and landscaped trellises.

Construction is expected to begin in late 2015 and conclude in mid2017, officials said. The center will remain open during construction, and operators will be conducting consumer surveys to gather input on coming improvements.

The retail center was entitled in the mid-1980s, with city-approved plans allowing for a total of 425,000 square feet of retail and a parking structure. The center opened in 1989 at the intersection of Del Mar Heights Road and El Camino Real, and completed a $20 million renovation in 2011.

Based in Costa Mesa, Donahue Schriber is a private real estate investment trust that owns and operates 74 retail centers in five states, totaling more than 11 million square feet.

For more on this story, see the May 5 edition of the San Diego Business Journal.

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Del Mar Highlands Town Center Plans $50 Million Expansion