Towson, county seat of Baltimore County–Maryland’s second largest job center–is the state’s 13th most populous city with over 55,000 residents and 2,600 businesses in a rapidly growing mix of urban and suburban neighborhoods. Conveniently located along the I-695 Baltimore Beltway and the north/south Interstate 83, Towson’s vibrant downtown office district contributes to an increase of 56,000 people in the city’s daytime population. The community, bolstered by a large population of students at Towson University and Goucher College, enjoys a low unemployment rate of 4.4% and an average household income of $79,692.
Towson’s commuter friendly location, immediately north of Baltimore City and only eight miles from the Inner Harbor, allows easy access to and from several major area employers, including the Baltimore County Government, Black and Decker World Headquarters, General Dynamics IT, MileOne, Remedi SeniorCare, Saint Joseph Medical Center, Greater Baltimore Medical Center, and Sheppard Pratt Health System. Among the larger Towson employers is Towson University with a staff of 3,476. Its more than 21,000 students make it the second largest university in Maryland. To accommodate its growing student body, the university is set to begin a major project next summer with the construction of a $184 million science building, featuring outdoor classrooms, as well as a greenhouse and planetarium.
Towson is home to abundant shopping including the major luxury regional mall Towson Town Center, anchored by Nordstrom and Macy’s, which serves as a key regional draw from the densely populated surrounding counties. Retail Properties of America is redeveloping nearby Towson Circle, adding a residential component to the 117,000-square-foot retail property. The company also owns the adjacent Towson Square, anchored by Cinemark Theaters with nationally-known restaurants Bobby’s Burger Place and Bonefish Grill. Towson Row, by Caves Valley Partners, is a $350 million, mixed-use project to be comprised of high-rise towers for offices, apartments, and student housing, plus restaurants, retail shops, and a hotel. A Whole Foods grocery store at the five-acre site is expected to be completed by 2018.