Baltimore had no scarcity of city-shaping actual property initiatives final yr, from main leases to constructing gross sales to new development including flats, nonprofits and extra. However a choose few stood out to us from our list of 25 winners this yr. Listed here are the BBJ’s superlative honorees for the 2020 Finest in Actual Property Awards.
Finest in Present: Enoch Pratt Central Library
When the $115 million renovation of the Enoch Pratt Central Library debuted final fall, it marked a brand new chapter within the 137-year-old library system’s historical past.
Not solely had been the constructing’s gorgeous architectural components restored to their former glory, however the venture additionally introduced an inflow of recent expertise, providers and group areas to the historic Mount Vernon library.
Amongst these updates had been extra public computer systems, a brand new job and profession heart and an expanded teen wing with a state-of-the-art audio and visible enhancing studio, in addition to a makerspace. The work additionally included revamping the beloved fish pond within the youngsters’s heart and including interactive toys and a 45,000-piece glass mosaic by native nonprofit Artwork With a Coronary heart.
The debut of the brand new house capped greater than three years of labor that started in June 2016 with the department remaining open all through the renovation.
Most Artistic: Merriweather Put up Pavilion
When the $55 million renovation of Columbia’s beloved Merriweather Put up Pavilion first obtained underway, updates had been anticipated to incorporate improved loos and concessions, enhanced manufacturing and even a flashy new backstage space.
However the 53-year-old venue stunned and delighted concertgoers final summer season when it unveiled new seating that allowed the choice of viewing performances from two platforms nestled underneath the pavilion and raised 43 ft within the air.
The brand new sky lawns characteristic actual grass on a small slope — just like the a lot bigger garden the venue is well-known for. In line with venue operators, the idea is not like something that has been achieved earlier than.
Neighborhood Impression: Ronald McDonald Home
Baltimore can now host upwards of 1,000 extra sick youngsters yearly — in addition to their households — who come right here for therapy at native hospitals, due to the brand new Ronald McDonald Home that debuted in Jonestown final yr.
The $30 million venture, funded by a number of heavyweight native donors, has 45 visitor rooms and 9 suites specifically created to host bone marrow and transplant sufferers. It’s sufficient house to place up 2,200 households yearly, twice as many because the Ronald McDonald Home’s outdated facility in East Baltimore.
The constructing additionally features a meditation house, kitchen, eating room and a middle with computer systems and printers. With these facilities and lodging, every household can really feel extra at residence, even when solely briefly, whereas their baby undergoes hopefully life-changing medical therapy throughout their keep right here in Baltimore.
Perseverance Award: Broadway Market and The Choptank
Final yr, Baltimore closed the e-book on the newest chapter of Broadway Market’s 234-year historical past.
Each of the Fells Level landmark’s buildings opened anew after full renovations that took years of planning, dedication and thousands and thousands of dollars to finish.
The north shed was introduced again to life after sitting vacant and shuttered for almost a decade. It reopened with 10 distributors, some new and others returning, after a $three.2 million overhaul funded by town. The south shed obtained a $four million makeover from its former life as a market with a number of tenants and reopened as The Choptank, an upscale seafood home from Baltimore’s Atlas Restaurant Group.
The updates eradicated blight and introduced new vitality to the center of Fells Level, and are serving to to spur different new redevelopment within the waterfront neighborhood and surrounding areas.
Historic Conversion: Tub Home Sq.
What a change for the Walters Tub No. 2 constructing. Opened in 1902 and used for almost half a century as a shower home, it was certainly one of a handful of services that provided households a much-needed place to get clear when correct residence loos had been missing for a lot of.
Now, that very same constructing holds seven market-rate flats, every one distinctive and sporting historic touches to enhance fashionable finishes and home equipment. This $2 million venture got here to fruition due to the imaginative and prescient of developer SAA | EVI and companions Moseley Architects, the Reinvestment Fund and masonry union Bricklayers Native 1, together with Pigtown Important Road.
Tub Home Sq. additionally features a model new espresso store and market subsequent door, Milk and Honey, itself usual out of a former hearth station. Collectively, they add a brand new residential and industrial draw to a rising, altering neighborhood.
Sport Changer: Chase in Cherry Hill
Merely put, it’s an important improvement that JPMorgan Chase & Co. is opening a Chase financial institution department in deep South Baltimore’s Cherry Hill neighborhood. A predominantly Black and historically working-class locale, residents have lengthy lacked entry to a financial institution department in their very own yard.
The nation’s largest financial institution has determined to lease house in Cherry Hill City Middle, which is present process a $5 million redevelopment by Catholic Charities of Baltimore. Crews broke floor on the primary section, which is able to embody the department, earlier this yr. Peter Scher, chairman of the financial institution’s Mid-Atlantic area, instructed the BBJ in January, “We’re enjoying the lengthy recreation. The most important precedence is we’ve to verify the group sees that financial institution as a part of the group.”
Finest Lease: Stripe at McHenry Row
In the event you wanted any extra proof that Locust Level is a vacation spot workplace market, this 44,000-square-foot lease at McHenry Row’s Banner Constructing is it.
Stripe Inc., a San Francisco expertise agency, picked the favored South Baltimore peninsula for the inaugural workplace of its new offshoot, Helm Providers Inc. The corporate plans to workers as much as 200 individuals at 1215 E. Fort Ave. by 2022. The lease was a big vivid spot in Baltimore actual property, a considerably uncommon win of a brand new firm coming to city with lots of of jobs.
“We thought of various cities throughout the nation for Helm’s inaugural location and Baltimore stood out for its distinctive mixture of world-class instructional establishments, gifted and various workforce and entrepreneurial spirit,” Patrick Mahoney, president of Helm, mentioned in saying the lease in June 2019.
Report Setter: Morgan Stanley constructing sale
The $101 million sale of the Morgan Stanley constructing highlighted the dramatic rise of town’s east facet on the waterfront.
As soon as the positioning of a contaminated former chromium plant, Harbor Level has rapidly grow to be one of many metropolis’s hottest properties. Living proof — the massive price ticket connected to this deal.
KBS Realty Advisors offered Thames Road Wharf in Harbor Level, referred to as the Morgan Stanley constructing, to Armada Hoffler Properties. The latter’s development arm constructed the construction in 2010.
KBS paid $341 per sq. foot, a deal that was known as a “watershed second” within the Baltimore market. The earlier excessive had been the sale of 100 E. Pratt St. in 2005 for $316 per sq. foot.
Finest New Condominium: Liberty Harbor East
Standing 22 tales tall, the Liberty Harbor East gives panoramic views of the Interior Harbor from its location within the upscale waterfront neighborhood.
The $170 million luxurious, mixed-use venture — a collaboration between Bozzuto and Harbor East Administration Group — introduced 282 flats and 33 condominiums to Harbor East when it opened final yr. The constructing contains over 11,000 sq. ft of amenity areas, with a further 21,000-square-foot outside courtyard. Shared facilities embody an infinity pool, canine park, outside movie show, library and research lounges, health heart and eating rooms with a catering kitchen.
Handy for residents, the event can also be anchored by a 50,000-square-foot Complete Meals that opened in June.
Industrial Impression: Brandon Woods III
The Brandon Woods III industrial advanced has been a hit story in Curtis Bay because it first opened in 2018. Final yr, that streak continued.
House owners Chesapeake Actual Property Group and EverWest Actual Property Traders offered one of many buildings on the Anne Arundel County advanced for $56.four million. The 500,400-square-foot warehouse is absolutely leased by Finest Purchase.
The commercial park expanded final yr, too, with the addition of an 340,000-square-foot speculative warehouse. One other 50-plus acres are poised for warehouse house and all instructed, Brandon Woods III might maintain as much as 1.1 million sq. ft.
In early April, all the industrial advanced offered to an funding group for $90 million.
Brandon Woods III is the biggest industrial speculative venture constructed in suburban Baltimore County. It spans almost 260 acres and has been a significant addition to the state’s profitable industrial market because it opened.