Baltimore
$25M ShopRite Supermarket Opens in Baltimore’s Howard Park Neighborhood, Brings 250 New Jobs
A new supermarket is now open in Baltimore. ShopRite of Howard Park is the largest grocery store in the city and the first to be constructed in the Howard Park area since 1999. It is also the first supermarket opened by Klein’s Family Markets in Baltimore City.
$170M State of Maryland Public Health Laboratory Now Open in Baltimore’s Science + Technology Park at Johns Hopkins
Baltimore’s $170 million State of Maryland Public Health Laboratory is finally open. Governor Martin O’Malley, Baltimore Mayor Stephanie Rawlings-Blake and many other federal, state and local officials were present on July 22, at the Science + Technology Park at Johns Hopkins in East Baltimore, to cut the ceremonial ribbon for the new state-of-the-art facility.
Developers Break Ground on the Little Patuxent Square Mixed-Use Project in Downtown Columbia
Howard County Executive Ken Ulman was present in Columbia on Tuesday, July 29, to help break ground on a new, major commercial and residential development. Called Little Patuxent Square, the project represents the first new commercial building constructed in the city’s downtown since 2001.
Mayor Rawlings-Blake Opens Baltimore’s First New Recreation Center Built in the Last 10 Years
A new recreation center has opened in Baltimore this week. Called the Morrell Park Community Center, it is the first new recreation center built in the city in the last 10 years.
Baltimore’s Historic Union Trust Building is Back On the Market
Baltimore’s historic Union Trust Building is again on the market. Rialto Capital, the owner, has retained Hunter Hotel Advisors as the exclusive representative in the sale of the old property. The asking price for the building was not announced.
AEW and Redgate to Break Ground on a 285,000 Sq. Ft. Industrial Facility in the Baltimore-Washington Corridor
A new industrial distribution facility is coming to the Baltimore-Washington Corridor. AEW Capital Management and Redgate Capital Partners, two Boston-based companies, plan to take advantage of the hot Baltimore-area industrial market and start construction on a 285,000-square-foot building in the fourth quarter of the year.
Northrop Grumman Breaks Ground on $20M Space Assembly and Test Facility in Linthicum
Northrop Grumman Corporation is adding another building to its 129-acre campus in Anne Arundel County. The company officially broke ground on Monday, July 14, on a new Space Assembly and Test (M-SAT) facility. Senator Ben Cardin, Representatives C. A. Dutch Ruppersberger and John Sarbanes, and many others joined Gloria Flach, corporate vice president and president of Northrop Grumman Electronic Systems, in Linthicum for the ground breaking ceremony.
Hartz Mountain Industries Buys Prime Baltimore-Washington Corridor Industrial Asset for $18.7M
Another industrial property has recently changed hands in the Greater Baltimore area. Last week I wrote about several properties which changed hands in the submarkets located to the north of I-95, where the industrial market is performing very well. Now, it’s the Baltimore-Washington Corridor’s turn to make the headlines.
Industrial Investors Attracted to the Hot Submarkets North of I-95
The Baltimore industrial market is performing very well in the submarkets located to the north of I-95 (Baltimore City, Baltimore County East, and Harford/Cecil County), much better than in any other regions in the metropolitan area. According to reports from Cassidy Turley, compared to the same period last year, available industrial space in the Harford/Cecil County is taking an average of 11 months to lease. In the Baltimore/Washington Corridor submarket it takes 18 months.
$442M Horseshoe Casino to Open in Baltimore This August
Maryland is getting ready to welcome its newest casino. Executives of Horseshoe Casino Baltimore announced last week that the grand opening of the $442 million entertainment facility is scheduled for August 26, pending regulatory approval.