The CEO of construction giant Whiting-Turner has personally acquired the shuttered Target store at West Baltimore’s Mondawmin Mall for $1 million and plans to invest millions more to transform the long-vacant landmark into a community hub designed to spur neighborhood revitalization.

Tim Regan, also the Towson-based contracting firm’s president, acquired the 127,000-square-foot former big box store, which shut down in February 2018, on Tuesday. Regan announced his plans for the property Friday along with the Greater Mondawmin Coordinating Council, an umbrella group of West Baltimore neighborhoods and anchor institutions that will work with him to explore possible uses.

The redeveloped Target will house TouchPoint Baltimore, a space for nonprofits that’s been based at the mall since 2017 and is funded by Whiting-Turner and BGE. It also could offer retail space for entrepreneurs as well as spaces for tutoring, mentoring and job training programs courtesy of the nearby Center for Urban Families, and possibly a catering/events area and teaching kitchen for food business careers. Whiting-Turner could open a small “midtown” office.