Trader Joe’s may be moving out, but the center of Towson seems poised to get more stores nonetheless.
The first-floor space, located at York and Pennsylvania Rd., has long been vacant. On Tuesday, officials said it was purchased by MFI and Woodmont Properties. The joint venture expects to bring retail back to the space. The owners will have 115,000 ft. of retail space to lease out in a building that also includes General Dynamics and LA Fitness (The upper floors have a separate owner). None of the new stores have been announced yet, but MFI’s Michael Stoltz was quick to offer some ideas.
“We envision an eclectic mix. A white table cloth restaurant might be next to a local boutique; a place for students to stop, study and change up could be next to a destination national retailer,” he said.
Officials were quick to tout that MFI has a lot of local experience, including the Greenspring Professional Building in Lutherville and Laurel Lakes Centre in Laurel.
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