Maryland Jockey Club owner Frank Stronach has proposed building a multimillion-dollar commercial development next to the Laurel Park racetrack, according to the Washington Business Journal.


Earlier this year, Stronach acquired Laurel Park, Pimlico racetrack in Baltimore and a training center in Bowie, Md.


Various levels of approval still are required before the project, which would include a 350-room hotel and 1,000 apartments, can break ground. Stronach plans to build about 1.5 million square feet of commercial space, including offices and shops, on about 350 acres in Anne Arundel and Howard counties.