Eldersburg Commons

Shown is a rendering of the new Eldersburg Commons retail plaza planned for Carroll County. (Rendering courtesy of Black Oak Associates / April 21, 2013)

Prospective tenants for Eldersburg Commons are nearing the final stages of discussions to locate at the shopping center set to replace the former Carrolltowne Center.

Restaurants and retailers such as AT&T, Chipotle Mexican Grill, Noodles & Company, Petco, T.J. Maxx, and Vitamin Shoppe are working on letters of intent to locate at the new shopping center, according to Adam Miller, a leasing agent and principal with KLNB Retail.

Sleepy's Mattress is also in discussions to open a location at Eldersburg Commons, but is not as far along in the process as the other retailers, Miller said.

Black Oak Associates, based in Owings Mill, is in the midst of a $50 million project to turn the former Carrolltowne Center into Eldersburg Commons, with a Walmart, restaurants and home, fashion and beauty retailers.

Given the timeframe of the project, Miller said the letters of intent could be signed in about 60 days with a lease signed about 60 to 90 days after that.

Miller said the project has been "very well received" by both national chains and local businesses.

KLNB has been in discussions with a number of local businesses for a potential location in Eldersburg Commons.

These businesses include a bakery, bike shop, craft store, shoe store, and restaurants, Miller said.

Dixon Harvey, president of Black Oak, said he is "happy with the progress" on the project thus far, but acknowledged the weather has not been cooperative since Thanksgiving.

Black Oak had originally proposed a fall 2014 opening, but Harvey said the opening date is now in flux.

The weather over the next three months will play a big role in whether the opening is pushed into 2015, he said.

The former Carrolltowne Center has been almost completely demolished. The next step in the project is to begin installing underground utilities and site grading, Harvey said.

Residents in the area won't see buildings beginning to take shape on the site until early summer, according to Harvey.

There will be space for 18-20 tenants at Eldersburg Commons and like Miller, Harvey said there's been "great interest" from local and regional retailers.

"We're feeling good about it," he said.

Big Lots is still open while construction is ongoing and Harvey said they are in constant conversation with the retailer, but the store's future has yet to be decided.