Chesapeake Commerce Center
Development: 184-acre redevelopment of former GM site
Build-out: 2.8 million SF warehouse/distribution and office space
Economic Impact: $140 million investment
Key Attributes: One of the largest industrial developments in the Mid-Atlantic region; adjacent to I-95, I-895 and the Port of Baltimore; served by CSX and Norfolk Southern railroads; Enterprise Zone
Status: First two buildings under construction (342,500 SF distribution and 117,600 SF office/warehouse); ten-year project
City Center
Development: A wide variety of projects in the Central Business District
Build-out: 2.7 million SF of office renovations, retail, and institutional development; 600,000 SF new office; 1,470 new hotel rooms; 2,200 new residential units; 5,700 new off-street parking spaces
Economic Impact: $1.9 billion direct investment
Key Attributes: Mercy Medical Center Expansion (850,000 SF, $ 400 m); 500 & 750 E. Pratt office ($160 m); 414 Water Street Condos (312 units, $ 65 m); Charles Center Plazas renovations (5 acres of open space, $ 20 m); Class B office conversion to residential or hotels (13 buildings converted to 716 residential units and 841 hotel rooms)
Status: Mercy Expansion (35%); Class B conversions (50%); new residential construction (50%); commercial (80%); parking (50%); open space (90%)
East Side/Science & Technology Park at JHU
Development: 80 acre mixed-use research park; 10-Year University Master Plan at Johns Hopkins Medical Campus
Build-out: Park: 2 million SF research space; 1,200 units mixed-income housing. JHU highlights: 1.5 million SF new medical building; 267,000 SF cancer research building
Economic Impact: $800 million at Park; $1.2 billion at medical campus
Key Attributes: Park: Life sciences and technology buildings; new and renovated housing units; retail. JHU: The new medical building complex is one of the largest single health care projects ever constructed in the U.S.
Status: Park: Phase I – 30 acres; Building 1 under construction; residential under construction; 8 to 10 year implementation schedule. JHU: ground breaking June 2006, scheduled completion by 2009.
Harbor East
Development: 65 acre, mixed-use, urban waterfront redevelopment
Build-out: 10 million SF; 11 city blocks; 7 Hotels with 2,100 rooms; 1 million SF Retail; 2,500 residential units; 3 million SF Class A office space
Economic Impact: $1.3 billion investment; 5,000 permanent jobs
Key Attributes: Legg Mason HQ and Four Seasons Hotel ($550 m); Marriott Waterfront Hotel ($140 m); Spinnaker Bay ($90 m); 800 Aliceanna ($220 m); The Vue ($500 m);
Status: Most attributes listed above complete or nearly complete; ground broken for Legg Mason/Four Seasons in Spring 2007.
West Side/UMB BioPark
Development: Mixed-use urban redevelopment; Bio park; university expansion; convention hotel
Build-out: 2.5 million SF of office, hotel, retail and university space
Economic Impact: $3 billion direct investment
Key Attributes: UM ($500 m); BioPark ($225 m); Convention Center Hotel ($237 m; 757 rooms); Hippodrome Theatre ($60 m); The Zenith ($47.5); The Stewart’s Building ($24 m); The Atrium ($20 m); Centerpoint ($79 m);
Status: West Side (50%); BioPark (25%); Hotel (50%); UM (90%)