Wednesday, August 18, 2010

Magic Johnson in Hanover

MARC Connection to Oxford Square

Magic Johnson and his Canyon-Johnson Urban Funds invested $17.1 million into the Oxford Square development project in Hanover. Oxford Square was recently rezoned from an M-2 industrial zone to a Transit Oriented Development (TOD) zone allowing for a mix of apartments, offices and retail as opposed to warehouses.

Preston Partners was able to convince the Zoning Board that the development qualified for the TOD designation despite being located on the opposite side of MD Route 100 from the MARC station. Preston Partners uncovered an easement dating back to 1749 that provides direct access to the train station from the 122 acre parcel off of Coca Cola Drive which they used as justification for this change.

It remains to be seen how many people will use this easement underneath the highway to actually walk to the train station.

I wonder if the development will now include a movie theatre too.

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