Business Notes: Three New Tenants at Kentlands Market Square
Plus: Suburban Hospital in Bethesda earns Magnet designation; number of Maryland jobs up more than 19,000 in 2019
A mock-up of the redeveloped Kentlands Market Square site.
Kimco Realty Corp
Three New Tenants at Kentlands Market Square
The Gaithersburg shopping center has added superfood café Berries & Bowls, Brews and Barrels and Goldfish Swim School, according to an announcement by Kimco Realty Corp.
Kentlands Market Square will add nine new businesses by early 2020 as part of a $23.1 million redevelopment of the site, including gourmet hot dog restaurant Dog Haus, Mexican chain Cinco de Mayo and artisan pizza eatery MOD Pizza, all expected to open in late 2019.
“The redevelopment at Kentlands Market Square reflects the evolution in retail today and demonstrates how successful shopping centers will adapt and thrive,” Kimco Mid-Atlantic Region President Tom Simmons said in a statement. “The center will be a state-of-the-art lifestyle destination, and we are thrilled to see it come alive.”
The roughly 250,000-square-foot shopping center has over 40 stores, including more than a dozen restaurants. It will add luxury movie theater Cinépolis in fall 2019.
“The opening of Cinépolis at the end of this year is sure to bring immense traffic to the center, which will trickle down to the smaller restaurants and service tenants,” Kimco Mid-Atlantic Region Director of Multifamily Development Caren Garfield said in a statement.
Kimco is a real estate firm that manages Kentlands Market Square. The company owns an interest in 430 shopping centers across the country.
Suburban Hospital in Bethesda earns Magnet designation
Following an intensive evaluation of operations and nursing practices, the hospital was honored by the American Nurses Credentialing Center’s Magnet Recognition Program.
The designation is the highest national mark for professional nurses, and fewer than 8% of hospitals receive it, according to a Suburban Hospital news release.
“Magnet recognition validates our work on the patient experience, quality improvement and employee engagement,” Suburban Hospital President Jacky Schultz said in a statement. “I am so proud of our entire team as we receive this prestigious recognition.”
The hospital is a member of Johns Hopkins Medicine and has more than 600 nurses serving about 70,000 patients annually. Suburban is the designated trauma center for the county.
Holy Cross Health receives excellence award
The nonprofit health system with hospitals in Silver Spring and Germantown has earned the 2019 Workplace Excellence Seal of Approval from the Alliance for Workplace Excellence.
Holy Cross Health is the only provider in Maryland to be recognized every year since the award’s establishment in 1999, according to a news release.
The seal of approval is given to healthcare providers based on strong organizational values, safety, security and workplace excellence. Holy Cross Health has more than 4,000 employees.
“Each individual who works at Holy Cross Health plays an important role in the trusted, quality care we provide to the community each day,” Holy Cross Health Chief Human Resources Officer Kate Wellner said in a statement. “We are committed to ensuring that our talented, vibrant and diverse community of colleagues can reach their full career potential.”
Number of Maryland jobs up more than 19,000 in 2019
The U.S. Department of Labor’s Bureau of Labor Statistics reported 19,300 new jobs were created in the state through April, an increase of 0.7 percent when compared to the same period in 2018.
Maryland added 1,200 jobs in April, the third month in 2019 to record month-to-month gains. The Professional and Business Services sector saw the greatest bump, adding 3,600 jobs, followed closely by the Administrative and Support and Waste Management and Remediation Services sector, which grew by 3,400 jobs.
Gains were offset by a 1,700-job decline in the Trade, Transportation and Utilities sector, among other decreases.
The state unemployment rate held steady at 3.8%.
EagleBank expanding into Prince George’s County
The Bethesda-based bank will open a loan office in Lanham, according to a mid-May announcement.
The office at in the Palmer Business Park at 4550 Forbes Blvd. is expected to open in September and will offer commercial, residential and small-business lending services. There will also be an ATM on-site.
“Prince George’s County is a market that presents extraordinary opportunities for EagleBank,” EagleBank President and CEO Susan G. Riel said in a statement. “The opening of the Lanham office is another important step in our growth strategy.”
Eaglebank has 13 locations in the county, including banks, lending centers and its corporate headquarters.
Riel was elevated to the position in early May after serving in an interim capacity following the resignation of founder and CEO Ronald Paul in late March.
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