Four tenants who have signed leases for the new Towne Centre Laurel were announced Monday.
Greenberg Gibbons, the architectural firm developing the site of the former Laurel Mall on U.S. 1, announced at the Laurel City Council meeting that Regal Cinemas movie theater, Harris Teeter supermarket, Burlington Coat Factory clothing store and Sports Authority, a sporting goods and accessories store, have been confirmed as tenants.
“We’re really excited about this. We have tremendous tenant interest in addition to the ones we’ve already signed,” said Brian Gibbons, Greenberg Gibbons chairman.
Burlington Coat Factory, the last tenant of the old mall, has now departed, and its old building is expected to be completely demolished by July, Gibbons said.
The first phase of retail construction in the $130 million, 400,000-square-foot mixed use development is expected to open in April, with the second phase expected to be ready in October 2014. Residential units are expected to be completed by March 2016, Gibbons said.
“We are confident that when we deliver the product, we are going to be very well leased and very occupied,” Gibbons said.
Laurel Mayor Craig Moe described the developer as a “class act,” adding how important the new shopping center is to the city.
“I’m really happy to see this moving forward, and the public is very interested in what’s happening here. This is a crucial piece of real estate for Laurel,” he said.