Commercial Real Estate

COPT’s Canton Project Could be Sped Up by Commitment from Amazon

There has been a lot of talk of where Inc is going to set up its second headquarters. With Maryland still in the running, Corporate Office Properties Trust (COPT) says it’s $1 billion mixed use development project would “unquestionably” jumpstart if Amazon chooses the state for HQ2. (via Baltimore Business Journal)

COPT’s 10 acre plan includes 1.1 million SF of Class A offices, retail and restaurants, a 400 ft apartment tower, a 300 room hotel and a 200 slip marina. COPT’s CEO Stephen E. Budorick says the growth in workforce HQ2 could bring would be “great for our residential development community and be great for the ancillary businesses that want to be nearby to be a part of the economic benefit of having secondary campuses.”

For more details on the project, click here.


Goldman Sachs invests $233M in Port Covington

Kevin Plank’s 5.5 billion redevelopment project, Port Covington, now has a new joint owner in Goldman Sachs. The $233M investment was seen as a turning point in the development process says Tom Geddes, CEO of Plank Industries. “It represents progress for Port Covington and delivering on the promise to bring outside capital to Baltimore,” Geddes said.


To read more, click here.