However, new master plan renderings for the development show the park staying put. Plan your next sporting event in Baltimore. 28 Walker is also partnering with Greystar on a two apartment buildings totaling 420 units. And eventually she envisions building a large-scale entertainment or sports venue that would draw large numbers of people, one that might even justify a hotel and conference center. Right now there are no firm plans to do anything in particular with it. The restaurant was run by New York City-based NoHo Hospitality. We also use third-party cookies that help us analyze and understand how you use this website. ft. retail), 2455 House Street: 221,500 sq. It will have bleachers with a solar powered canopy overtop and a seating capacity of 1,400. The firm believes and has proven that principles of beauty, diversity and sustainability create lasting value. Pan Peninsula - Ballymore - Canary Development Join us on the newsletter of choice for Maryland politicos and business leaders. ft. building (212,000 sq. Baltimore Peninsula, the once-industrial South Baltimore waterfront thats being redeveloped, has turned the corner from longtime construction site to emerging community. Under Armour began construction on a NCAA-regulation track and field facility with a multi-sport playing field in February 2022. These are provided through project-based vouchers at the discretion of the City of Baltimore. In many ways, this project allows the real estate community in Baltimore to redefine what it means to go to work every day, she said. STV Celebrates Completion of First Phase of Baltimore Peninsula Development, STV, a professional services firm that plans, designs and manages infrastructure projects across North America, celebrates the substantial completion of the first phase of the, , a 235-acre, mixed-use neighborhood in South Baltimore. It is an oriental style 762 apartment development, compromising of 2 towers linked by a central podium. What to Expect Next at the Baltimore Peninsula Development - SouthBMore.com A former Sams Club at Under Armours campus was transformed into a 170,000 sq. These cookies will be stored in your browser only with your consent. ft. of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space. But opting out of some of these cookies may have an effect on your browsing experience. Subscribe to SouthBMore.com's eNewsletter, First Residents Expected at Baltimore Peninsula Development in March, 280,000 sq. ft. building (162 residential units, including 35 affordable units, and 40,000 sq. We are proud to bring a new, inclusive approach to residential housing, further demonstrating our commitment to impact at Baltimore Peninsula, said MaryAnne Gilmartin, founder and CEO of MAG Partners, in a press release. Baltimore Peninsula supports the ambition and vision of the South Baltimore project, with an approved master plan calling for more than 14 million square feet of development and 40 acres of publicly accessible open space. About the Goldman Sachs Asset Management Urban Investment Group (UIG). CFG Bank is the development's latest confirmed commercial tenant, signing a 15-year lease at the 235-acre mixed-use development. The rooftop terrace includes seating, grilling, and dining areas, as well as 360-degree views of the waterfront and Baltimore skyline. [emailprotected], Capital Partners: Sagamore Ventures, Urban Investment Group within Goldman Sachs Asset Management. A third residential building, 2400 Terrapin Way, is expected to begin leasing later this year. (BALTIMORE - February 13, 2023) -The SB7 Coalition, a nonprofit community organization representing six South Baltimore communities and the Baltimore Peninsula Development team, today announced Michael Middleton as the Coalition's first Executive Director. Gilmartin spoke about Baltimore Peninsula during a media tour Wednesday to offer an initial glimpse of new buildings since the first occupants moved in. Baltimore Peninsula represents a fresh model for urban development - a purpose-driven, sustainable Impact Community powered by diversity and committed to creating opportunities for all. , Yesterday @baltimorepeninsula summer kick off w/ @prideofbaltimore , A WORLD-CLASS, WATERFRONT AND WALKABLE NEIGHBORHOOD LAUNCHED BY LOCAL ICONS. Annually Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. The firm has served as civil-engineer-of-record and landscape-architect-of-record for the infrastructure design of Chapter 1B the first major phase of the project, which comprises 1.4 miles of new streets to support the first 15 blocks of vertical development. (adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({}); 2023 SouthBMore.com. We need Baltimore to be on everybodys radar, Gilmartin said. Analytical cookies are used to understand how visitors interact with the website. The athletic facility will also be available to Under Armour team members and the greater Baltimore community through shared-use agreements and special events. Van Hollen, Cardin Deliver Federal Funding to Baltimore Community I read recently about how they're going to demolish The Baltimore Sun building at the Baltimore Peninsula development ("The former Baltimore Sun building in Baltimore Peninsula will be razed . Amenity spaces include a third-floor clubroom with a private meeting and dining area, as well as a bar, lounge, and billiard room. Gilmartin said Baltimore Peninsula Development team is hoping to lure the film industry to the project. As a team, we're committed to creating a new approach to urban development. Residential leasing started in February in the two apartment buildings, and the first residents have moved in. Isnt the park owned by the city or did they gift/sell to developer? The Baltimore Peninsula development team, led by MAG Partners and MacFarlane Partners, and Method Co., the nationally-acclaimed development and design company rooted in hospitality, announced plans for a new design-centric, 81-room ROOST Apartment Hotel, the concept known for bridging the boutique hotel experience with apartment-style living. Financing for the first 1.5 million square feet closed at the end of 2020 and included three loans, opportunity zone equity, traditional equity, TIF bonds, and Low-Income Housing Tax Credits. Residents and businesses are moving to the Baltimore Peninsula. Here's Our nonprofit news organization is made possible by, Select the type of alerts youd like to receive, Browsers such as Chrome, Safari, and Firefox, Get text messages from The Banner in urgent situations (message and data rates may apply). Were staying up to the minute on the issues shaping the future. Leasing has started for. ft. of mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space. Rye House is a 254-unit apartment building with studio, one-, two-, and three-bedroom units with designer kitchens, including quartz work surfaces, GE stainless steel appliances and ceramic tile backsplashes. Some apartment include outdoor balconies. It could also be used for waterfront entertainment venues. The buildings we be on E. Cromwell St. on both sides of Insulator Dr. The Senators alsorecently announced $4,957,678allocated through the U.S. Department of Treasury's Community Development Financial Institution Equitable Recovery Program (CDFI ERP) for Baltimore Community Lending to spur economic growth and create job opportunities in underserved communities that have been disproportionately harmed by the . STV has played a key role in the development of the Baltimore Peninsula for more than five years. SUBMIT. Just south of Federal Hill, Baltimore Peninsula (formerly known as Port Covington) is one of the biggest current development projects in the country in the midst of a multi-year transformation that will turn this former industrial port into a hub for water-taxis, distillery visits, movie and concert viewing and shopping trips. 28 Walker began demolishing the former Locke Insulators complex in December. Privacy Policies. Locke Landing will have 297 new townhomes by DRB Homes on the southern portion of the property. Port Covington is a developing waterfront neighborhood not far from downtown Baltimore. What's at. Pan Peninsula was arguably the first "Ultra Luxury" development in Canary Wharf. Baltimore Peninsula - MAG Partners is a four-building complex that features an open-air market, retail and office space. She believes the project will be well-suited to meet demand from Baltimores medical and research sectors as well as the film industry, which she said is recession-proof, offers good jobs and requires access to highways and large spaces. Published 11/15/2022 6:30 a.m. EST, Updated 11/17/2022 11:46 a.m. EST. ft. building (228,000 sq. Gilmartin said they have a couple of working ideas for the land and, if those ideas come to fruition, the fields could be relocated by South Point. Save money at Baltimores top attractions. The Peninsula Beach Resort on Bolivar adds CoralTree Hospitality ft. office, retail, and fitness building, CFG Bank Signs 97,000 Sq. Guide to Baltimore Independent Schools 2022-202, Proudly powered by Newspack by Automattic. Under Armour is hoping to open TMB2 by the end of 2024. Launched in 2022, the residency program provides selected artists the opportunity to work in MICA's Fred Lazarus IV Studio Center Studio over the course of six weeks in June and July, allowing the artist to expand his work and scale, as well as embedding himself within the college community. Your contributions help pay for current editorial costs and to expand our community coverage. Baltimore Peninsula represents a fresh model for urban development - a purpose-driven, sustainable Impact Community powered by diversity and committed to creating opportunities for all. There is currently a flurry of construction in Port Covington. 250 Mission is a 162-unit apartment building featuring studio, one-, and two-bedroom residences. Gilmartin, though, told The Baltimore Banner in an interview earlier this month that the project will be successful, so long as it rebrands and commits to sharing a more positive story. The development team said in a press release: STVs infrastructure design offers multi-modal transportation systems with pedestrian, bus and bicycle facilities, complemented by high-end street and sidewalk furnishings and pavers. ft. of residential from 537 total housing units which break down as 367 market-rate residential dwelling units, 89 affordable dwelling units (ADU), and 81 extended-stay units; 116,000 sq. The first office tenants are expected to move to the former Port. Late sundowns and refreshing summer air call for the return of Jazzy Summer Nights an exclusive summer music series in @baltimorepeninsula! Peninsula Baltimore's most significant office building, 2455 House St., has two potential tenants that would fully occupy its 212K SF of office space, Gilmartin said. Baltimore Fishbowl reports the fun, factual and sometimes controversial scoop on local schools, real estate, money and power, culture, lifestyle, and community. By submitting your email to receive this newsletter, you agree to our. Therebranded $5.5 billion Port Covington development now Baltimore Peninsula will sign two tenants by the end of the year, said Tony Gross, whos heading leasing at the sprawling development. STV has played a key role in the development of the Baltimore Peninsula for more than five years. Founded in 1987, the firm pioneered the urban investment concept among institutional real estate investment managers in the 1990s and today is a leading investor in and developer of properties that promote smart growth, urban revitalization, sustainability and equitable development in urban and high-density suburban areas nationwide. A Washington D.C. restaurant group is expanding to Baltimore with plans to take over a waterfront tavern in the Baltimore Peninsula development. Port Covington Team Rebrands Project 'Baltimore Peninsula,' Inks New STV Celebrates Completion of First Phase of Baltimore Peninsula Development Relax in the Adirondack chairs or bring a picnic and watch the waterfront sunset. CFG Bank is the development's latest confirmed commercial tenant, signing a 15-year lease at the 235-acre mixed-use development. Baltimore Peninsula gives us all another reason to love this city, and a lot more of our city to love, Discover the People at Baltimore Peninsula, Three ramps from directly to/from I95 and seen by 46 million passerby a year, Its a beautiful Monday and people come from all over the area to sweat together @baltimorepeninsula for Wellness on the Waterfront FREE waterfront boot camp. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We rely on reader and advertising support to fund our reporting. The apartments include hardwood-style flooring throughout, designer kitchens with porcelain backsplashes, quartz countertops, and GE Energy Star stainless steel appliances. Some apartments include balconies. Monthly Starting Tuesday, Port Covington, the 235-acre waterfront development in South Baltimore, will go by a new name: Baltimore Peninsula. Currently there is a whiskey distillery, restaurant and maker space and soon it will be filled with retail, hotel accommodations, green space and waterfront parks. Also slated to open this fall is a public park which is temporarily called Triangle Park. The goal of the rebranding, the developers said, is to provide a name reflecting the development's full impact on the peninsula south of Interstate 95 extending into the Middle Branch. It is headquartered in San Francisco and operates a regional office in Los Angeles. As an independent publication, we rely on donations to fund our journalism Danielle West Rye Street Tavern is located within the Sagamore Spirit Distillery. Required fields are marked *. CFG Bank Signs Lease at Baltimore Peninsula Becoming Newest Commercial It is mandatory to procure user consent prior to running these cookies on your website. The Baltimore Peninsula Development team is currently wrapping up Chapter 1B of the project which is bringing five new buildings along with new streets and public spaces to Port Covington. Lease at Baltimore Peninsula, Demolition Begins at Former Locke Insulaters Factory in Port Covington, Phase II of Alta Federal Hill Apartment Community Now Under Construction, Haystack Oncology Signs 20,000 sq. In. The Rye Street Market building is creating plug-and-play suites for startups looking for spaces between 1,800 sq. Baltimore Peninsula is home to Sagamore Spirit Distillery, which is spearheading the revitalization of the Maryland tradition of rye whiskey. Port Covington's 'Baltimore Peninsula' project expects to sign two More than $125 million in contracts have been awarded and paid to Baltimore City certified MBE/WBE firms. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The community will now be known as the Baltimore Peninsula. As the Baltimore Peninsula development team has committed itself to local hiring practices, Clyde's will create 150 attractive hospitality jobs. 250 Mission is a mix-use building with residential units, retail and parking. ft. of residential from 537 total housing units which break down as 367 market-rate residential dwelling units, 89 affordable dwelling units (ADU), and 81 extended-stay units; 116,000 sq. This project was funded by the issuance of TIF bonds from the city in December 2020. Founded in 1987, the firm pioneered the urban investment concept among institutional real estate investment managers in the 1990s and today is a leading investor in and developer of properties that promote smart growth, urban revitalization, sustainability and equitable development in urban and high-density suburban areas nationwide. Headquartered in New York City, the company has more than 55 offices across North America. Welcoming residents to fully amenitized, high-quality homes for the first time in this neighborhood is transformative, and increases the options for quality waterfront living., Bringing full-time residents to Baltimore Peninsula has always been the most exciting element of the masterplan creating a neighborhood and community from a formerly vacant piece of land, said Kevin Plank, principal and CEO of Sagamore Ventures, in a press release. We serve cookies to analyze traffic and customize content on this site. A current goal is to build the once-dominant apparel company a new corporate headquarters surrounded by a mini-city akin to the existing Harbor East and Harbor Point sites. In total, more than $130 million will be funded to the City throughout the life of the project. At completion, this transformative project will include: up to 14 million square feet of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space. Baltimore Peninsula apartment towers start leasing - Baltimore Business Over 1,000 of Baltimores great minds attend to recognize and celebrate local leaders, makers and innovators. And when it comes to businesses and residents looking to relocate, we need it to be on the short list.. ft. and 2,700 sq. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The Baltimore Banner may receive compensation for some links to products and services on this website. The rebranded $5.5 billion Port Covington development now "Baltimore Peninsula" will sign two tenants by the end of the year, said Tony Gross, who's heading leasing at the sprawling development. CFG Bank signs lease at Baltimore Peninsula for new HQ Reference to Swan Park in your Baltimore Peninsula plans article today. Enter the code you received via email to sign in, or sign in using a password. The firm provided civil engineering services for two of the first five buildings of the development, which are now completed and occupied.
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