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March 2009
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March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

Mar 27, 2015

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Sarah Parrish
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Page 1: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

March 2009

Page 2: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

Retail DevelopmentCumberland Crossing

Property owners are actively seeking financial partners and replacement anchors to compliment a leading grocer and other small to mid-size retailers.

ED offering support in marketing efforts to harvest national relationships.

Page 3: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

Retail DevelopmentWillowbrook Marketplace

Remaining property owners are willing to reassemble the parcels to proceed with retail development

Continuing to keep updated information in front of other potential developers.

Page 4: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

DowntownBusiness Resource Center (BRC) space is being

“gifted” back to SCORE and SBDC to expand and increase services to the community.

ED will relocate and share office space with DBED at 138 Baltimore Street.

Mark’s Daily Grind is now Mark’s Cafe.Maryland Treasures is open next to Kauffman’s

Music .Calico Corners is welcoming new clients through

local representatives and is beautifully featured in the store windows of Peskins.

Page 5: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

Downtown MovementBC/BS expansion and relocation into the

McMullen BuildingChessie Credit Union expanding into

Elizabeth Ann’s spaceElizabeth Ann’s is moving to a new space on

Mechanic Street near Carmichael’s

Page 6: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

Potential ProjectsA special needs educational serviceA new restaurant concept similar to Boston

Market set-upA recycling facility A discount retailerEighteen business licenses issued since

October 2008 to the present

Page 7: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

Virginia Avenue Revitalization

HRDC and Regional Eye Center construction underway.

Rite Aid construction to begin late June/early July.

Maple Street count to DHCD85 residential22 apartment105 commercial3 exempt commercial

Page 8: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

VA Avenue Code Compliance10-year forgivable loan funded by the State of

Maryland Community Legacy Program Three residential @ $10,000 Two rental @ $8,500 One commercial @ $25,000

Applications reviewed and candidates selectedRecommendations being considered by the

Historical Trust ReviewConstruction must be completed by the end of

June

Page 9: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

Arts & Entertainment DistrictArts Flash

2009 Mountain Maryland Artists Studio Tour being planned

New Mountain Maryland Plein Air Event Scheduled to be held May 26 through May 30 Exhibition and art competition that will showcase

the talents of 30 “plein air” painters from around the country.

Page 10: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

Meetings, meetings and more meetings!Developing strong external relationships is

key to the success of ED – we all need to work together!

Actively partner on the following committees: County Tourism Selection Canal Place Heritage Area Grants CACIF Retail Development Mountain Maryland Trails Chamber of Commerce Economic Development TGCC – Partners in Progress Wellness Coalition

Page 11: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.
Page 12: March 2009. Retail Development Cumberland Crossing Property owners are actively seeking financial partners and replacement anchors to compliment a leading.

ReminderEconomic Development projects are

extremely confidential in nature and success in many instances is largely based on trust.

Thank you for your cooperation.