Developers of Towson Row say they hope to complete the hotel and student housing components of the project by fall 2020.
The new timeline was announced Thursday at a construction kickoff event for the 5-acre site on York Road. Plans for Towson Row stalled after they were first announced in 2013, but county officials and developers say the project is now ready to move forward.
Shamin Hotels will develop two Hilton brand hotels at Towson Row, and Gilbane Development Company will build the student housing. Both the hotels and student housing will also include retail components.
Bolstered by a controversial public financing package, the developers of the Towson Row project plan to gather Thursday with Baltimore County officials to mark the planned revival of the long-stalled project.
Greenberg Gibbons, an Owings Mills-based developer, is now leading the project in a joint venture with the initial developer, Caves Valley Partners in Towson. They announced Thursday that the historic Towson Armory on Washington Avenue will be part of the development.
Plans for the armory, posted on the Greenberg Gibbons website, call for a restaurant with outdoor seating, offices and a coffee shop.
A statement from the firm said it would share more updates over the coming months, while “making improvements to surrounding roads, sidewalks and other infrastructure.”
In December, a divided County Council approved a controversial $43 million public financing package for the developers, who said they need the aid to move forward with the project.