# Baltimore Developer's Viva White Oak Project

> Baltimore-based MCB Real Estate plans $2.7 billion Viva White Oak development in Montgomery County.
- Title: Baltimore Developer's Viva White Oak Project · The Banner
- Summary: 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…
- Keywords: mcb real estate, viva white oak, montgomery county, baltimore, harborplace, real estate development, tax incentives, costco, news, local, Developer's, Viva
- Source: The Banner — https://thebanner.com/economy/growth-development/baltimore-mcb-harborplace-david-bramble-viva-white-oak-SOOKU52Q3RCA5KJWKOQ3PQBBPI
- Author: Lee O. Sanderlin,Giacomo Bologna
- Published: 2026-09-30T09:30:00+00:00
- Read time: 1 min
- Topics: mcb real estate, viva white oak, montgomery county, baltimore, harborplace, real estate development, tax incentives, costco, news, local
## 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.
## Key takeaway

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.