{"id":1004115958,"date":"2015-03-22T15:51:12","date_gmt":"2015-03-22T23:51:12","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=332752"},"modified":"2020-05-19T02:56:59","modified_gmt":"2020-05-19T10:56:59","slug":"luxury-hotel-breaks-ground-in-fells-point-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/luxury-hotel-breaks-ground-in-fells-point-3\/","title":{"rendered":"Luxury Hotel Breaks Ground in Fells Point"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Rec-Pier-Hotel.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-332753\" title=\"Rec Pier Hotel\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Rec-Pier-Hotel.jpg\" alt=\"\" width=\"300\" height=\"216\" \/><\/a>Last week, Sagamore Development Company and the City of Baltimore celebrated the groundbreaking for a new luxury hotel on the historic Fells Point waterfront. Mayor Stephanie Rawlings-Blake and Kevin Plank, founder of Sagamore and CEO of Under Armour, attended the ceremony together with many other elected officials.<\/p>\n<p style=\"text-align: justify;\">The <em><a href=\"https:\/\/www.bizjournals.com\/baltimore\/blog\/real-estate\/2015\/03\/kevin-plank-sees-fells-point-rec-pier-hotel-as-an.html\" rel=\"nofollow\" >Baltimore Business Journal<\/a> <\/em>recently reported that Sagamore purchased the property at 1715 Thames Street last June, for $3.4 million. It was originally built in 1914, and served as a commercial pier. Sagamore will now invest $60 million to turn the century-old property into a hotel. Plank told the <em>Baltimore Business Journal<\/em> that the project is part of Under Armour\u2019s strategy to provide its guests with an unique Baltimore experience.<\/p>\n<p style=\"text-align: justify;\">The new Recreation Pier Hotel is scheduled to open in late 2016. It will be a world-class luxury hotel, with 116,000 square feet of space and 128 rooms. Recreation Pier will also include a two-story lobby lounge, a whiskey bar, a restaurant, a pool and a grand ballroom with space for as many as 230 people.<\/p>\n<p style=\"text-align: justify;\">Mayor Rawlings-Blake called the project an important development for Baltimore. She said that it will not only transform the historic and long-vacant property into a new hotel, but it will also create jobs, expand the tax base and help cultivate Baltimore\u2019s reputation as a world-class city.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/maps.google.com\" rel=\"nofollow\" ><em>Google Maps<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week, Sagamore Development Company and the City of Baltimore celebrated the groundbreaking for a new luxury hotel on the historic Fells Point waterfront. Mayor Stephanie Rawlings-Blake and Kevin Plank, founder of Sagamore and CEO of Under Armour, attended the ceremony together with many other elected officials.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21742],"tags":[],"class_list":["post-1004115958","post","type-post","status-publish","format-standard","hentry","category-baltimore","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Luxury Hotel Breaks Ground in Fells Point - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/luxury-hotel-breaks-ground-in-fells-point-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury Hotel Breaks Ground in Fells Point\" \/>\n<meta property=\"og:description\" content=\"Last week, Sagamore Development Company and the City of Baltimore celebrated the groundbreaking for a new luxury hotel on the historic Fells Point waterfront. Mayor Stephanie Rawlings-Blake and Kevin Plank, founder of Sagamore and CEO of Under Armour, attended the ceremony together with many other elected officials.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/luxury-hotel-breaks-ground-in-fells-point-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-22T23:51:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T10:56:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Rec-Pier-Hotel.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/luxury-hotel-breaks-ground-in-fells-point-3\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/luxury-hotel-breaks-ground-in-fells-point-3\/\",\"name\":\"Luxury Hotel Breaks Ground in Fells Point - 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