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PenMar to continue negotiations with Lerner

January 02, 2004|by Tara Reilly

While an agreement for exclusive talks between the PenMar Development Corp. and a North Bethesda, Md., company expired Wednesday, the agencies will continue to negotiate, a PenMar official said.

PenMar board of directors Chairman Ron Sulchek said Wednesday PenMar will continue to hold negotiations with Lerner Enterprises about a plan to redevelop the former Fort Ritchie U.S. Army base.

Sulchek said talks with Lerner "have been very positive."

PenMar was created by the state to redevelop the former base, which the Army shut down in 1998.

Lerner would become the former base's master developer if agreed upon by PenMar.

- Tara Reilly

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