Weller Development Partners was master developer for Chapter 1B of Baltimore Peninsula (formerly known as Port Covington), a waterfront community in South Baltimore that is undergoing an incredible transformation. is a four-building complex that features an open-air market, retail and office space. By submitting your email to receive this newsletter, you agree to our. 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. Check out what Baltimore Peninsula has to offer for eateries, or head to nearby Federal Hill for some more options. Sagamore makes award-winning rye whiskey right here in Maryland. 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 . Residential leasing started in February in the two apartment buildings, and the first residents have moved in. MAG Partners founder & CEO MaryAnne Gilmartin, one of the Baltimore Peninsula developers, leads a media tour of the project Wednesday. ft. of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space. WordPress Theme by Solostream. For one, she believes economic conditions will improve by next year. The athletic facility will also be available to Under Armour team members and the greater Baltimore community through shared-use agreements and special events. (Kenneth K. Lam/Baltimore Sun). Subscribe to SouthBMore.com's eNewsletter, What to Expect Next at the Baltimore Peninsula Development, transformed into a 170,000 sq. By Garrett Dvorkin - Reporter, Baltimore Business Journal. Paying the transaction fee is not required, but it directs more money in support of our mission. These are provided through project-based vouchers at the discretion of the City of Baltimore. Media INQUIRIES. 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. Port Covington's 'Baltimore Peninsula' project expects to sign two Sagamore Spirit Distillery hosts its own holiday tree lighting in the courtyard for visitors. The original master planfor the Port Covington development, which now goes by Baltimore Peninsula, showed Swann Park being replaced with new blocks and the athletic fields being relocated to an expanded West Covington Park, which is also known as South Point. Port Covington rebranded as Baltimore Peninsula - Baltimore Business Port Covington Team Rebrands Project 'Baltimore Peninsula,' Inks New Find your home away from home in Baltimore. Under Armour founder and Executive Chairman Kevin Plank and those affiliated with his Sagamore Ventures development firm spent more than $100 million since they began buying up Port Covington land about a decade ago. MaryAnne Gilmartin of MAG Partners, one of the partners in the Baltimore Peninsula development team, confirmed to SouthBMore.com that the future of the park has not yet been determined. 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. Roost Extended-Stay Hotel is Coming to Baltimore Peninsula Amenity spaces include a third-floor clubroom with a private meeting and dining area, as well as a bar, lounge, and billiard room. Check out the cocktails and bites at Rye Street Tavern. You can unsubscribe from these alerts at anytime. Gilmartin told SouthBMore.com last month it will be very hard to get any new buildings off the ground this year due to the current market conditions. About MAG PartnersMAG Partners is a woman-owned, urban real estate company with decades of experience developing impactful, iconic, large-scale projects throughout New York City. We serve cookies to analyze traffic and customize content on this site. Lease at City Garage in Port Covington. About Baltimore PeninsulaBaltimore Peninsula is a 235-acre redevelopment project located on Baltimore Citys prime waterfront, featuring investments from Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management. A new street called Mission Blvd. The master plan will also have 92 2 over 2 housing units by K. Hovnanian Homes on the northern section of the property near E. Cromwell St. Each unit is two levels of a four-story townhome building. We needed a much more collaborative kind of space, Hickman said. Building amenities include a ground-floor lounge, a second-floor co-working space and business center, a clubroom with a bar and lounge, a fitness center, and outdoor cooking and dining areas. Donation amount It is headquartered in San Francisco and operates a regional office in Los Angeles. Analytical cookies are used to understand how visitors interact with the website. This is a real place.. Baltimore Peninsula (646) 254.2432aaron.jones@stvinc.com. Published 11/15/2022 6:30 a.m. EST, Updated 11/17/2022 11:46 a.m. EST. 28 Walker began demolishing the former Locke Insulators complex in December. Enjoy a tasting at Sagamore Spirit Distillery. The neighborhood spans 235 acres of land, with 2.5 miles of waterfront on the Middle Branch of the Patapsco River. Mr. ft. You also have the option to opt-out of these cookies. STV Celebrates Completion of First Phase of Baltimore Peninsula Development Over 1,000 of Baltimores great minds attend to recognize and celebrate local leaders, makers and innovators. ($0) ft. building (40 residential units, 81 extended-stay units, and 6,000 sq. ft. retail), 2455 House Street: 221,500 sq. The firm provided civil engineering services for two of the first five buildings of the development, which are now completed and occupied. The firm is ranked 37th in Engineering News-Records Top 500 Design Firms survey and is 11th in its transportation category. Established in 2001, the Urban Investment Group within Goldman Sachs Asset Management has committed over $14 billion through real estate projects, social enterprises and lending facilities for small businesses and students, creating economic value and opportunities for underserved communities and families. The Baltimore Banner is a trademark registered in the U.S. for The Venetoulis Institute for Local Journalism, a 501(c)(3) nonprofit ROOST is a seven-story, 133,000 sq. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Monthly In. Bozzuto is currently leasing apartments at Rye House and 250 Mission. We also use third-party cookies that help us analyze and understand how you use this website. , Yesterday @baltimorepeninsula summer kick off w/ @prideofbaltimore , A WORLD-CLASS, WATERFRONT AND WALKABLE NEIGHBORHOOD LAUNCHED BY LOCAL ICONS. 28 Walker is also partnering with Greystar on a two apartment buildings totaling 420 units. ft. building (254 residential units, including 54 affordable units, and 16,000 sq. ft. retail). The park, which is shaped like a triangle, is adjacent to 250 Mission and Rye Street Market. Chapter 1B brought440,000 sq. Method Co. Announces Opening of ROOST Baltimore, its Seventh ROOST 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 . All Rights Reserved. The site of Chapter 1B of the Baltimore Peninsula development, which is now mostly completed, was temporarily used as a . Growth and development Port Covington has a new name: Baltimore Peninsula Hallie Miller Published 11/15/2022 6:30 a.m. EST, Updated 11/17/2022 11:46 a.m. EST The developers of Port Covington have announced a new name for the 235-acre project: Baltimore Peninsula. 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. Use of this site constitutes acceptance of our It was one of the first developments of the Millharbour area, as part of a longer term development plan by Ballymore, and is therefore also known as 1 . Photo Tour: ROOST Apartment Hotel Opens at Baltimore Peninsula The rooftop terrace includes seating, grilling, and dining areas, as well as 360-degree views of the waterfront and Baltimore skyline. This category only includes cookies that ensures basic functionalities and security features of the website. Locke Landing will have 297 new townhomes by DRB Homes on the southern portion of the property. Join our newsletter for the latest updates and events at Baltimore Peninsula. CFG Bank is the development's latest confirmed commercial tenant, signing a 15-year lease at the 235-acre mixed-use development. 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. Swann Parks future in the Baltimore Peninsula development still to be determined, Click to email a link to a friend (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on LinkedIn (Opens in new window). As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the worlds leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and marketoverseeing more than $2 trillion in assets under supervision worldwide as of December 31, 2022. 2455 House Street will serve as the headquarters for CFG Bank, as well as Capital Funding Group and the Jack and Nancy Dwyer Workforce Development Center, Inc. CFG Bank Signs Lease at Baltimore Peninsula | citybiz The Baltimore Peninsula development team, led by MAG Partners and MacFarlane Partners, and CFG Bank, announced the bank has signed a long-term lease for three floors, totaling 97,000 square feet . 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. Clyde's Restaurant Group will take over Baltimore Peninsula's Rye MAG Partners founder and CEO MaryAnne Gilmartin, lower right, one of the Baltimore Peninsula developers, leads a media tour Wednesday down the signature staircase at the H. Chambers Co. headquarters. CFG Bank Signs Lease at Baltimore Peninsula Becoming Newest Commercial Vision Street, which was formerly part of E. Cromwell St. and connects E. Cromwell St. to E. McComas St., is expected to reopen this fall. See you on the inside. Headquartered in New York City, the company has more than 55 offices across North America. CFG Bank is the development's latest confirmed commercial tenant, signing a 15-year lease at the 235-acre mixed-use development. Since then, Under Armours corporate image has soured amid company scandals, high-profile departures and declining sales, forcing the company to tone down its plans for the new offices. An annual day of inspiration for hundreds of children in The Field at Baltimore Peninsula with technology, entertainment and outdoor activities. STV has played a key role in the development of the Baltimore Peninsula for more than five years. Please, check your inbox! Today, Method Co., the nationally-acclaimed real estate management, development and design company rooted in hospitality, in partnership with the Baltimore Peninsula development team, led by MAG . The developers are working on signing street-level retailers, and a sign just went up on one building for a Roost extended stay hotel, expected to open this summer. BALTIMORE, MD 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 Baltimore Peninsula, a 235-acre, mixed-use neighborhood in South Baltimore. Enter the code you received via email to sign in, or sign in using a password. Reference to Swan Park in your Baltimore Peninsula plans article today. The first phase of the 235-acre project south of Interstate 95 has nearly completed streets, landscaped courtyards and a park with a childrens playground underway. Plank, the founder of Under Armour who heads the Sagamore investment firm, spearheaded the project nearly a decade ago, buying up land for redevelopment. Baltimore Peninsula is home to Sagamore Spirit Distillery, which is spearheading the revitalization of the Maryland tradition of rye whiskey. Pan Peninsula - Ballymore - Canary Development We are just keeping it in our flexible planning, she said. Meanwhile, several iterations of plans for what Port Covington could become including a hub for technology companies called Cyber Town USA have not come to pass. Port Covington has a new name: Baltimore Peninsula ft. office building called Building 37 that opened in 2016. Baltimore Peninsula Development team and its partners are working to lease the office and retail spaces. The change, made public this week, is an attempt by new developers at the New York-based MAG Partners and the San Francisco-based MacFarlane Partners to turn a page on a contentious project that has faced delays, turnover and public criticism, particularly for its heavy reliance on subsidies at the expense of Baltimores other needs. 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. Ft. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the worlds leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and marketoverseeing more than $2 trillion in assets under supervision worldwide as of December 31, 2022. $250 Under Armour Inc. is eliminating approximately 50 corporate positions as the company looks to cut costs and move toward . Local students from 4th through 8th grade are invited to attend as a reward for their hard work; local schools select the student based on school attendance, academic record and behavior. ROOST Apartment Hotel is a concept by Philadelphia-based . Baltimore Peninsula, the once-industrial South Baltimore waterfront thats being redeveloped, has turned the corner from longtime construction site to emerging community. $ MAG Partners founder and CEO MaryAnne Gilmartin, lower right, one of the Baltimore Peninsula developers, leads a media tour Wednesday down the signature staircase at the H. Chambers Co. headquarters. I think the film industry could have a place here at Baltimore Peninsula, and were exploring that, she said. Check out these hotels near Baltimore Peninsula and keep an eye out for special deals. These two leases put the current office space footprint under construction at almost 25 percent leased. 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. About the Goldman Sachs Asset Management Urban Investment Group (UIG)Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. In Baltimore, the firm has provided master planning and design services for several major invigorating land development projects, including the, , as well as traffic and highway planning for projects such as the, Key Highway at Light Street Intersection Improvements, Founded in 1912, STV is a leading national infrastructure-focused professional services firm, providing engineering, architectural, planning, environmental, program management and construction management services for transportation systems, buildings, water, energy and other facilities. This unique Baltimore development project will deliver an unprecedented set of community benefits, including $21 million already funded to support Baltimore City and South Baltimore communities; $132 million in contracts to Baltimore City-certified MBE/WBE firms; and 537 new residential units, including 35 affordable residences at 80% and 54 residences at 50% AMI. One of the largest urban renewal projects in America, Baltimore Peninsula will create up to 14 million square feet of new office, retail and residential space, 2.5 miles of restored waterfront and. Plan your next sporting event in Baltimore. Start exploring Charm City's distinct neighborhoods. Join us on the newsletter of choice for Maryland politicos and business leaders. Gilmartin, in a Monday interview, said the change in name reflects a shift from a place on a map to a living, breathing community. The outdoor patio at the H. Chambers Company's new headquarters at Baltimore Peninsula. Were staying up to the minute on the issues shaping the future. Development Team Announces New ROOST Apartment Hotel in Baltimore Peninsula Gilmartin said Baltimore Peninsula Development team is hoping to lure the film industry to the project. {"requests":{"event":"https:\/\/baltimorefishbowl.com\/wp-content\/plugins\/newspack-popups\/includes\/..\/api\/campaigns\/index.php"},"triggers":{"trackPageview":{"on":"visible","request":"event","visibilitySpec":{"selector":"#id_159269","visiblePercentageMin":50,"totalTimeMin":250,"continuousTimeMin":100},"extraUrlParams":{"popup_id":"id_159269","cid":"CLIENT_ID(newspack-cid)"}}}} 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. Introducing 'Baltimore Peninsula' - Real Estate Weekly 250 Mission is a 162-unit apartment building featuring studio, one-, and two-bedroom residences. MAG Partners founder & CEO MaryAnne Gilmartin, one of the Baltimore Peninsula developers, leads a media tour of the project Wednesday. Weller Development Celebrates Baltimore Peninsula Milestone $50 Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. $5 Subscribe to SouthBMore.com's eNewsletter, First Residents Expected at Baltimore Peninsula Development in March, 280,000 sq. Media Contact:Aaron Jones Take a tour of the facility to see how the whiskey is made, or settle in for a few glasses of the libation at the adjacent Rye Street Tavern. Baltimore needs more drug rehab opportunities | READER COMMENTARY ft. of office; 586,000 sq. This project was funded by the issuance of TIF bonds from the city in December 2020. What to Expect Next at the Baltimore Peninsula Development - SouthBMore.com ft. office lease for Chambers at the Rye Street Market building. 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. Offers may be subject to change without notice. The developers of Port Covington have announced a new name for the 235-acre project: Baltimore Peninsula. (adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({}); 2023 SouthBMore.com.