A completely new outlook on life in Baltimore.
Struever Bros. Eccles & Rouse and H&S Properties Development Corp. are engaged in the predevelopment of Baltimore's premiere waterfront property, which will include $700 million in private investments.
The site, bordered by Harbor East and historic Fells Point, successfully underwent a 20-year, $100 million environmental remediation capping the site in preparation for future development. SBER was instrumental in designing and creating support for the Planned Unit Development (PUD) ordinance, approved in 1993 to allow for 1.8 million square feet of development.
Phase 1, currently under construction, will include a 277,000 square foot, 7-story office building and a 280-unit, 250,000 square foot apartment building. The office building is currently 50% leased by Morgan Stanley with an option to lease the entire building. The apartments are efficient units that will priced competitively for the marketplace. Both buildings will go through the LEED certification process to obtain a LEED Silver rating.
Total buildout will feature 840,000 square feet of office, 75,000 square feet of ground level retail, 550 residential units, 530 hotel rooms, 2,800 parking spaces, and 11 acres of public park and waterfront promenade.
Tonja Potter
443.573.4000