The Cordish Cos., the Baltimore-based real estate developer that owns and operates Maryland Live Casino, announced Thursday that it has been selected to develop portions of an airport-industrial complex in Alabama.
Cordish and its partner JMG Realty, of Mobile, Ala., were chosen by the Mobile Airport Authority to take control of about 215 acres of the Brookley Aeroplex, a 1,700-acre industrial site and home to the Mobile Downtown Airport, Cordish said in a statement.
The companies are hammering out an exclusive negotiating agreement with the airport authority, the statement said.
Aircraft manufacturer Airbus started construction in April on a $600 million facility at the Aeroplex. The entire complex is "envisioned to include 6 million square feet of commercial space, housing 6,000 to 10,000 employees," Cordish's statement said.