Sagamore Development Unveils Port Covington at ICSC
A $5.5 billion redeveloped Port Covington will mean thousands of new jobs, businesses, better transit, 42 acres of parks, new space for manufacturing, innovation and entrepreneurship, as well as new ways to reach the waterfront for Baltimore City residents.
By IvyLee Rosario
New York—Sagamore Development Co. unveiled the Port Covington redevelopment project at the International Council of Shopping Centers’ National Deal Making Conference held on December 5 and 6 at the Jacob K. Javits Convention Center in New York City, where Kevin Plank, owner of Sagamore and founder & CEO of Under Armour, delivered the keynote address.
Port Covington rendering
A $5.5 billion investment, including $4.4 billion in private investment, the redeveloped Port Covington will mean thousands of new jobs, new businesses, better transit to jobs, 42 acres of parks, new space for manufacturing, fresh opportunities for innovation and entrepreneurship, new ways to reach the waterfront and more for Baltimore City residents. Port Covington will also be the future home of Under Armour’s global headquarters.
This year, Sagamore Development was a featured exhibitor and Gold Sponsor at ICSC. Port Covington’s debut at ICSC introduced this large-scale project to a global audience of developers, investors, retailers, brokers and the international business community. The Sagamore hospitality area in the convention center included an extensive display with augmented reality technology for attendees to experience the design, layout and features of the Port Covington redevelopment in Baltimore.
Sagamore expects to sell land to other developers for much of the new construction, but is also looking for firms interested in locating in the area or investing in projects there. The company wants to start construction of the Port Covington infrastructure by the end of 2017, with new buildings to be started the year after.
Image courtesy of Sagamore Development
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