Local CEO buys old Mondawmin target property to create local business hub – CBS Baltimore
BALTIMORE (WJZ) – The vacant building that used to be Target’s residence at Mondawmin Mall has a new owner.
Tim Regan, CEO of construction firm Whiting-Turner, bought the property Wednesday for $1 million.
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“We need to build this and I expect to see some light there in the next 10-12 months,” Regan said. “(It will showcase) a range of really interesting retail businesses owned and operated by local entrepreneurs.”
The building and its exterior parking lot have been empty since 2018 when Target left.
Regan said he worked on the deal to buy back the 127,000-square-foot former retail space for two years.
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“It will bring pride to the community. Jacqueline Caldwell, President of the Whittier Monroe Community Neighborhood said. “Everybody thought (Target) was a great idea. And, that’s the time it was. But, here is my vision when it closes. Let’s have a community center to elevate neighborhoods.”
Regan said he still hasn’t had a chance to formally partner with community leaders on what will fill the space until the sale officially closes this week. He will be hosting community leaders and neighbors on Tuesday, March 29 at the store to discuss redevelopment plans.
“We have an opportunity to get back to work. We have the opportunity to re-grow,”
Adeline Hutchinson of the Greater Mondawmin Coordinating Council said. “There’s a lot of potential in that space.”
Regan and Exelon, Senior Executive Vice President, Calvin Butler, founded Mondawmin’s TouchPoint Baltimore, a community partnership center with nonprofit partners Thread, Baltimore Corps, and the Urban Family Center. TouchPoint Baltimore will also expand to the new location.
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“Great,” said Mildred Baker of Baltimore outside Target on board. “Maybe it will help the community. That’s what we need. Something to help even with the kids. “
https://baltimore.cbslocal.com/2022/03/25/local-ceo-purchases-former-mondawmin-target-property-to-create-local-business-hub/ Local CEO buys old Mondawmin target property to create local business hub – CBS Baltimore