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
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
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