In a bid to revive the aging Valley Centre in Owings Mills, Tide Capital Realty is injecting new life into the community staple that has flagged amidst intensifying competition from newer shopping areas like Foundry Row and Mill Station. According to WMAR2 News, the realty firm aims to reposition the 220,000-square-foot property, spearheaded by Baltimore native Aaron Loeb, who is committed to revitalizing the shopping center's vibrancy.
Loeb's strategic vision is certainly not confined to the superficial. In a statement reported by the Jewish Times, a Baltimore-based publication, he reveals plans to carefully and sustainably redevelop the site, aiming to preserve community ties while adapting to current market demands. The company is notably embracing this transformation as it plans to invest $6 million in upgrades, which include new brick walkways and façade enhancements, all while upholding the legacy of long-standing tenants like Aldi, Ross, and T.J. Maxx.
Tide Capital Realty has a proven track record in the area, having successfully executed a repositioning project on Reisterstown Road, which involved introducing businesses such as Grocery Outlet and Ollie's.
Investment strategies by Tide Capital Realty go beyond mere cosmetic changes, with Loeb emphasizing a focus on hybrid centers that "combine utility with experience." Sharing insights with the Jewish Times, Loeb expressed his belief in spaces that foster connection, suggesting that shopping centers can still hold their own in today's digital age by evolving into destinations that offer a mix of retail, food, and entertainment options. The firm intends not only to redevelop but also to wholly rethink Valley Centre's role in meeting the expectations of modern consumers and to match the area's energy and vibrancy essentially.
