Former planned Paragon site in White Marsh sold to new investors

News AlertThe White Marsh property that was, at one time, going to be the site of a 100-store outlet mall has been purchased by new investors.

The 52-acre parcel located near Interstate 95 and White Marsh Boulevard was last week acquired by Chesapeake Real Estate Group and Atapco Properties, according to the Baltimore Business Journal.

The two companies plan to develop the property into a mixed-use industrial complex.

In 2014, Paragon Outlet Partners unveiled plans to open a 500,000-square-foot outlet center at that location. Those plans were met with a protest from General Growth Properties (owners of White Marsh Mall), a lawsuit, a petition drive, and a referendum vote.

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In November 2016, Paragon abruptly abandoned its outlet center proposal and closed its Baltimore offices.

Chesapeake Real Estate Group and Atapco Properties now say that negotiations are under way to secure real estate and industrial tenants.

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Author: Chris Montcalmo

Chris Montcalmo is a mortgage banker, musician, entrepreneur, and part-time journalist. He has written for Blippitt and Wild Pitch Sports and is the former founder at the Baltimore News Journal. Chris founded NottinghamMD in March, 2016.