Frederick Towne Mall Site Sells for More than $6 Million
By Mallory Panuska, Frederick News Post
Saturday, February 25, 2017
The Frederick Towne Mall site has sold to a local company.
The West Frederick Center LLLP, a limited liability limited partnership that formed Jan. 26, purchased the 37.35-acre, Golden Mile site with plans to “revitalize the property,” according to an email a representative of the company sent Friday.
“The West Frederick Center, LLLP, is currently exploring ways to revitalize Frederick Towne Mall and service the broader Frederick community,” the email said.
Dr. Mohammed Mohiuddin, a Frederick urologist, is listed as the resident agent. Several partners, both general and limited, are part of the company.
An attorney representing The West Frederick Center said Friday he did not have time until Monday to comment on the sale or answer questions about plans for the site.
Dave Severn, an attorney representing property owner Rockwood Capital, said the property sold a week ago Monday for more than $6 million.
Members of the Golden Mile Alliance, a community organization created to foster growth and development in west Frederick, discussed the sale at a meeting Tuesday. The subject also came up at a Neighborhood Advisory Council 5 meeting Thursday.
Deb Reynolds, co-president of the Golden Mile Alliance, said Friday that she contacted Mohiuddin to welcome him to the area and offer him any assistance he and the other partners may want or need.
“I left a message that we were the advocacy group and welcomed him and said I’d like to talk to him about ideas,” Reynolds said.
She added that the group does not really have an opinion about what is developed at the site. She said members are just excited about everything happening in and around the Golden Mile and plan to help the new owner in any way they can.
“It’s a private property. I think people tend to forgot that,” Reynolds said. “I don’t really think we have a preference of what we would like to see go there, not to say we don’t care what goes there, because we do. It’s just so new in the process we really don’t have a comment about that right now.”
Richard Griffin, the city’s director of economic development, said Friday he was aware the property had been sold and knows who the new owner is but has not had any conversations with him or seen any plans.
The mall has sat vacant since 2013, but Boscov’s and Home Depot continue to operate at the site.
Rockwood Capital had planned to demolish the former mall at 1301 W. Patrick St. and construct a four-building shopping center with a 155,000-square-foot Wal-Mart anchoring the project. But Wal-Mart pulled out of the deal at the beginning of September, and the owner put it up for sale in December in an online auction. The minimum bid was $2.5 million.