Baltimore

The year has just started and already we know of three new multifamily developments planned for the Baltimore area. The third and latest project will replace the former Della Notte restaurant, in the Little Italy neighborhood, with a 15-story apartment tower.

Pro Transport, Inc. is moving to a new building within the Baltimore Crossroads business community. The privately owned transportation and logistics company has recently signed a lease with St. John Properties, Inc. for 51,120 square feet of space at 11630 Crossroads Circle.

Enterprise Homes and SunTrust Bank announced on Monday their plans to renovate the Taney Village Apartments, in Frederick. The project is expected to cost $24.6 million. It will help preserve the property, which is an important source of affordable housing for seniors in the area.

DTZ, the new owner of Cassidy Turley, has started 2015 in full force. Since the beginning of the year, the company has completed several leases, totaling more than 150,000 square feet of industrial space, in the Baltimore Washington Corridor.

Pinnacle Development Investors LLS plans to start work on a new, ultra-luxury residential tower within Baltimore’s HarborView Community. Called The Pinnacle, the project is unlike other residential developments, because the unit owners are also investors and developers.

RWN Development Inc., a Maryland-based company, has sold the apartment building at 222 Saratoga E. Saratoga Street, in the Central Business District, to Castle Lanterra. It is the New York-based company’s first acquisition in the Baltimore market.

Before the end of 2014, Monument Realty purchased the office building at 225 North Calvert Street, in Baltimore. The D.C.-based company plans to turn the 400,000-square-foot property into Class A apartments.

Tribune Media Company sold a 60-acre property in Port Covington last month, for $46.5 million. The Chicago-based multimedia corporation expects the net proceeds to be approximately $30 million, after the deduction of transaction costs and taxes.

Loomis Armored US is moving to White Marsh. The cash management and cash handling company has recently signed a lease with Hill Management Services, Inc. for 50,223 square feet of space in Baltimore County’s White Marsh Business Community.