Mall Developer Will Watch New Town Village Closely

The new owners of the Owings Mills Mall , but they also have some concern that their new project might hurt an old one.

Kimco Realty, which is in concert with co-owner General Growth Properties Inc., is also the developer and manager at the New Town Village Shopping Center – just a few miles down Owings Mills Boulevard.

At the December meeting of the New Town Community Association, some talk revolved around concerns that the massive mall redevelopment might kill the small shopping center off Lakeside Boulevard.

But according to Kimco leadership, the New Town shops are already being thought about.

“We’ll have to watch it closely,” said Geoffrey Glazer, Kimco’s vice president of acquisitions and development. “We certainly have a financial stake in both of them.”

Because the Owings Mills Town Center project is being billed as a regional shopping center that ought to draw patrons throughout the western half of Baltimore County and into Carroll County, Glazer said the developer is confident the two shopping centers could co-exist.

“That is a smaller, community-oriented village,” Glazer said. “This [the mall redevelopment] should be where the bigger players go.

“It’s very different.”