Historic Maryland brickworks to be the site of a mixed-use development
The Frederick Brick Works in Frederick, Md., that was known for its Frederick Reds bricks in the 19th century, is going to be resuscitated.
Baltimore-based Greenberg Gibbons has closed on the property and announced that it will begin construction there on a $450 million, 65-acre mixed-use project.
Greenberg Gibbons expects that the Frederick Brickworks project, when opened, will generate more than $180 million in annual business sales in the project, which will include some 100,000 square feet of retail space.
“Closing on the Frederick Brickworks property marks a pivotal milestone in bringing to life our vision that has been more than seven years in the making,” said Eric Walter, president of Greenberg Gibbons. “We look forward to continuing to collaborate with the community and local officials to deliver a dynamic, mixed-use destination everyone can be proud of.”
Located along the I-270 technology corridor, Frederick Brickworks will pay tribute to the site’s history and serve as a gateway into Frederick’s historic downtown district, which attracts more than two million visitors annually.
The retail portion of the project is currently 50% leased and will be anchored by a premier organic grocer and a new-to-market fitness center. Its residential component will be composed of up to 700 apartments and 320 for-sale townhomes that will have access to seven acres of park space.
“Frederick Brickworks represents the kind of thoughtful growth that will strengthen Frederick for generations,” said the city of Frederick’s mayor Michael O’Connor. “This project transforms a historic industrial site into a vibrant neighborhood where people will live, work, shop, learn, and connect.”
Greenberg Gibbons estimates that the Frederick Brickworks project will create some 4,300 construction jobs and 1,300 permanent positions at the project.
Greenberg Gibbons develops, owns and operates mixed-use, retail, commercial and residential properties in a portfolio composed of nearly 7 million square feet.
