The Rouse Company

Moss-Rouse hired a World War Two Navy friend, Churchill G. Carey from Connecticut General, who in turn provided capital for future projects.

[1] In 1952-1953 the company built one of the first modern architecture office buildings on Saratoga Street in Baltimore, while also dropping its commercial lending business line.

[3] The James W. Rouse Company built some of the first enclosed shopping malls, and it pioneered the development of festival marketplaces, such as Jacksonville Landing in Jacksonville, Faneuil Hall in Boston, South Street Seaport in New York City, Harborplace in Baltimore, and Bayside Marketplace in Miami.

It followed an unsuccessful attempt at the Plymouth Meeting Mall in 1968, which reportedly failed because it was "deemed too small and insufficiently varied."

[6] Columbia Research and Development was founded as a public company and Howard Research and Development was formed as a Rouse subsidiary in 1956 to raise capital for four mall projects and later to facilitate the Columbia Project with Connecticut General and Chase Manhattan as stakeholder with interest deferred loans.

In 1985 CIGNA (Connecticut General) divested its interest in HRD and the project back to Rouse for $120 million at a net loss.

[9][10] Rouse created the subsidiary company The American City Corporation to take advantage of the National Urban Policy and New Community Development Act of 1970, A HUD program which granted developers incentives and loans to build Title VII "New Towns" with mandatory percentages of low income housing projects.

[11] The symposiums held by the company gathered together investors like George Mitchell, who would go on to develop Woodlands, Texas using the Columbia model.

In 1990, Spear died in a crash with his wife and one daughter in his Piper PA-31T Cheyenne attempting a single engine missed approach near Logan International Airport.