Frederick is Maryland's second largest and fastest growing city where exciting opportunities are available! There are literally thousands of new homes being developed in the trade area and Frederick Towne Mall is located right in the heart of that market. Frederick Towne Mall is currently anchored by a new 180,000+ square foot Boscov's Department store that opened in October 2003 and The Bon Ton featuring a newly expanded Home Store. In the Summer 2004, the center welcomed Home Depot. In addition, several new outparcels openings are anticipated for 2005. Hoyts Cinema operates a 10 screen complex at the mall.

Located in Central Maryland, Frederick County provides easy access to Baltimore (47 miles); Washington, DC (45 miles); Gettysburg, Pennsylvania (34 miles); Harpers Ferry, West Virginia (20 miles); and Leesburg, Virginia (25 miles). Frederick County is not only the largest county in Maryland, but it is also Maryland's fastest growing county. In 2002, Frederick City became Maryland's second largest city.

Frederick County has experienced significant growth in recent years. Between 1980 and 1990, there was a 31% increase in population. During the period 1990 to the end of 1999, the county grew by almost 30%. According to the Frederick County Department of Planning and Zoning, Frederick County's population is projceted to reach 281,710, or an additional 89,000 people by the year 2020, an increase of almost 20%.

During the 1970's almost 75% of the housing units constructed in Frederick County were single-family detached homes. The 1980's and 1990's saw an average of 55% detached single-family units while townhouses, apartments and other multi-family housing increased to 45% of the housing stock. Just over 68% of the 1998 housing units were single-family detached while 1997 saw about 62%.

Due to its proximity to I-70 and I-270, Frederick City is well positioned to experience continued residential growth. According to the Frederick County Department of Planning, the population within Frederick City increased by 43% form 1980 to 1990. Just west of I-270 and north of I-70, and surrounding Frederick Towne Mall, numerous residential developments have been approved by the Planning Department and are under construction. As of March 1999 there were 11,607 total units approved for residential development within Frederick City, with 4,794 permits having been issued. It should be noted that 8,513 of these units are approved for development within Frederick Towne Mall's trade area and 3,263 permits have been issued.

Located throughout Frederick City and Frederick County, and primarily to the west of I-270, there are many established large residential rental projects totaling approximately 6,086 units. The majority of these projects are located within a two-mile radius of Frederick Towne Mall.

In 1998 the Frederick County Office of Economic Development assisted new and expanding companies who invested in excess of $85 million in Frederick County and generated over 2,730 new jobs. The estimated market value of commercial and industrial property in the county rose from $323 million in 1980 to approximately $2 billion in fiscal year 1998.


For leasing information contact:

Thomas K. Bradley
General Mall Manager
Frederick Towne Mall
1301 W Patrick Street, Frederick, MD 21702
301-662-9300
Email: tomb@fredericktownemall.com