By Melanie Dzwonchyk, email@example.com
12:15 PM EDT, August 2, 2012
Developers of the now-closed Laurel Mall will hold an invitation-only groundbreaking ceremony Aug. 14 to mark the beginning of their plans to demolish the mall and remake it as an open, town-center style shopping plaza called Towne Centre at Laurel, a marketing spokeswoman with Greenberg Gibbons Commercial confirmed Aug. 1.
The mall is owned by Somera Capital Management and AEW Capital Management, but managed by Greenberg Gibbons Commercial. The Owings-Mills based developer was brought on board the team last year to take over the redevelopment of the mall, which had been in the works for years.
The mall was officially closed for business on May 1, when the last shops were shuttered; however Burlington Coat Factory, one of the mall's anchor stores, remained open, as did the post office. Earlier this summer, the post office was moved to a trailer in the mall's parking lot, near the intersection of Fourth Street and Cherry Lane.
Burlington had a lease for eight more years, and the redevelopment could not move forward until an agreement was reached between the store and GGC, an official with the developer said in May.
On its website, GGC lists Harris Teeter, Regal Cinemas and Burlington Coat Factory as proposed "key tenants" of the redeveloped mall, although no leases have been signed.
This story has been updated.