The National Aquarium and the well-traveled Power Plantentertainment complex will flank the $30-million edifice. It willbe a warehouse-style building with high ceilings and water views.With two tenants already signed on, Cordish's office tower is 75%pre-leased. Baltimore will collect from Cordish an annual $120,000rent on the land, as per the company's 72-year lease with the city.To further accommodate tenants Cordish plans to erect a 640-spaceparking garage at Pier 6.
Ernst & Young will leave its current digs in the BlausteinBuilding, which the company has called home since 1960. Nexgenplans to put out a press release to announce its impending move tothe new office space.
"From a development standpoint, it's a very exciting time forthis company," says Cordish Marketing Director Allison Parker. "Weare also developing in [Maryland's] Prince George's County wherethe old US Airways arena was. It will be alifestyle/retail/entertainment complex, and we will break ground onthat in 2002."
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