Quantcast Wal-Mart and SAMS Club Closing, Port Covington Baltimore

 
Jul
22
Posted (Glen) in Port Covington, Commercial / Office, Real Estate on July-22-2007

Rumors have been circulating for years about the future fate of the Wal-Mart and SAMS club in South Baltimore’s Port Covington area.  The latest rumors have indicated that the two stores will be closing as early as January 08 and that the retailers are replacing them with a SAMS in Glen Burnie and a Wal-Mart in Southwest Baltimore. 

The development of these two big box stores on waterfront property has been controversial form the beginning.  And it seems that the SAMS club does well but the Wal-Mart has never lived up to expectations.  A entire retail complex was originally planned and promised for the site - but years later the two super stores sit alone among unfinished parking lots.

A March 2007 Baltimore Business Journal article covered the subject in detail.

The spaces have remained blank nearly five years since a Connecticut developer opened the city’s first Wal-Mart in a once empty rail yard. And, by all indications, it seems the spaces will remain blank in the foreseeable future. The reason: Its original developer said it had no interest in staying at Port Covington for the long haul and its new owners have no immediate plans to develop the site.

Kodiak Properties LLC and Finmarc Management Inc. of Bethesda purchased the site that houses the Port Covington Shopping Center in early 2005.

However the new owners have stated that they have no immediate plans to develop the land.  Apparently they want to wait it out until market conditions are better - not sure when that would be.  There have been all kinds of retail and residential uses discussed for the area, but it seems that none of these have gained enough traction.  This article talked about one such plan.

The waterfront property with easy adjacent access to 95 seems too valuable and has too much potential to remain undeveloped - it’s just a question of what and when it will be redeveloped.  One bright spot of news for the area is the Port Covington Maritime Center, which is where Tidewater Yacht Services moved to from its former location on Key Highway next to Domino Sugar.

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Comments:

[…] in other news….the Walmart and Sam’s Club in Port Covington will be closed. No surprises there — the developer never finished the shopping center project and it […]

More Port Covington Plans - Baltimore MD on August 7th, 2007 at 1:07 pm #

[…] Previous coverage  […]

Rossana Bishop on August 8th, 2007 at 9:17 am #

I live 10 minutes from Port Covington and the Wal-Mart Store is always crowded,at least when I’m there 2-3 times a week.By the way Wal-mart just Remodeled a New modern restroom,What’s up with that if they are closing?

chrism on August 8th, 2007 at 9:56 am #

No - a more recent announcement said that Wal-mart is styaing, but Sams is leaving. Should be the other way around.

robin m on September 27th, 2007 at 7:03 am #

i don/t see why they should close, now with the new plans for middle branch just announced in the paper. what are they thinking?

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