From The Banner · Lee O. Sanderlin,Giacomo Bologna · · 1m 10s
Baltimore Developer's Viva White Oak Project
Baltimore-based MCB Real Estate plans $2.7 billion Viva White Oak development in Montgomery County.
In brief
Baltimore-based MCB Real Estate plans $2.7 billion Viva White Oak development in Montgomery County. MCB Real Estate will build a $2.7 billion mixed-use project in Montgomery County with 1,000 townhomes, 1,000 apartments, and a big-box store. Originally reported by The Banner.
Viva White Oak Project
Baltimore-based MCB Real Estate plans a $2.7 billion mixed-use development in eastern Montgomery County.
Project Scale
The first phase includes 1,000 townhomes, 1,000 apartments, and a big-box store on 280 acres.
Montgomery County Approval
Montgomery County Council approved up to $420 million in bonds for Viva White Oak in July 2026.
Tax Incentives
Baltimore may offer tax breaks that could wipe 95% of Harborplace property tax bills over 25 years.
Funding Challenges
Banks tightened lending after interest rates rose in 2024, forcing developers to seek more equity from investors.
Equity Demand
Developers now rely on investors for nearly half of construction funding, up from 25% a few years ago.
Anchor Tenant
Costco has committed to open at Viva White Oak in the first quarter of 2029.
Timeline
Viva White Oak construction is expected to begin this year, with full completion by 2044.
Here's the gist
MCB Real Estate will build a $2.7 billion mixed-use project in Montgomery County with 1,000 townhomes, 1,000 apartments, and a big-box store.
