ICSC’s Mid-Atlantic Conference & Deal Making wrapped up last week, so it seems fitting to highlight one of Weingarten’s mid-Atlantic properties for this installment of “Five Things to Know.” Located in Baltimore, Maryland, Nottingham Commons is a highly-anticipated shopping center currently in development. With construction scheduled to conclude this summer, let’s take a closer look at five things that make Nottingham Commons stand out.
Weingarten acquired the property for Nottingham Commons in September 2014. The 60,000 square-foot center was 99% pre-leased before the groundbreaking in October 2015. Currently, the center has just one vacancy, which could either stay a 3,300 square-foot space or split into a 1,500 square-foot space and a 1,800 square-foot space.
On Campbell Boulevard at Franklin Square Drive, Nottingham Commons is an infill regional center adjacent to the highly successful power center Nottingham Square, with the 1.2 million-square-foot White Marsh Mall just half a mile down the street. The center has relatively high barriers to entry.
Anchors for Nottingham Commons include DSW, Five Below, T.J. Maxx, MOM’s Organic Market and Petco. According to Lee Brody, Mid-Atlantic Region Director and newly-promoted Senior Vice President, “We have had tremendous interest in this new development. Several retailers have been looking for locations in this regional market for quite some time, and we were able to accommodate them.”
The population is 74,477 within a three-mile radius of the center, and 213,341 within a five-mile radius. The average household income is $79,126 within a three-mile radius.
Nottingham Commons is scheduled to complete construction in June, with tenants opening this summer!