Rockville-based developer, Federal Realty Investment Trust (NYSE: FRT) has lured an experiential entertainment company to open it's first location in Maryland.
Ifly Indoor Skydiving will be landing at The Avenue at White Marsh. A newly constructed 6,000 square foot building will become Ifly's new base in Baltimore County and is expected to open mid-2016.
All Ifly locations have a unique building design and locations reach as far as Australia. White Marsh would be the Austin-based company's 28th facility.
Aiming high, Ifly allows anyone from ages 3 to 103 the ability to experience skydiving, including the training, helmet and gear but minus the jumping out of an airplane several thousand feet above ground. Through use of a vertical wind tunnel, customers can ride a column of air while doing skydiving tricks.
Federal Realty Investment Trust (NYSE: FRT) bought The Avenue in 2007 and now holds 45 retail tenants including a Texas Roadhouse restaurant under construction.