Annapolis Plaza is a 165,565 square foot, grocery anchored community center in the Parole Town Center area of Annapolis, Maryland. Located adjacent to the area’s regional mall on one side, with a Nordstrom’s department store closest, and Anne Arundel Regional Medical on the other side, Annapolis Plaza benefits tremendously from its location. The center features best in class tenants, including Trader Joe’s, Marshall’s, HomeGoods, and HomeSense, all of whom perform well above their respective chain averages in sales productivity. Importantly, the Parole Town Center is a zoning overlay that is specifically designated by the city for densification. This zoning allows for greater FAR and vertical development of up to 6 – 8 stories. Given Annapolis Plaza’s strategic location in the middle of the most vibrant submarket, the ability to develop vertically provides the opportunity for additional uses such as medical office, multi-family residential or senior housing.
Retail & Mixed Use