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Construction on Lockwood Place is Under Way

BALTIMORE, MD-Contractors are working away on the $100 million Lockwood Place office and retail complex. The project is expected to be completed in 2003 and will offer 250,000 sf of office space as well as retail venues and a much-needed parking lot.

By Barbra Murray | Updated on November 13, 2001

BALTIMORE, MD-While work has been underway for a few weeks, developers have officially broken ground on the $100-million Lockwood Place, an office and retail complex on the city’s Inner Harbor. The retail portion of the project, as well as the 940-space garage, is due to be completed in 2003. And acknowledging a demand for office space and parking, the city of Baltimore is giving developers a 20-year, $30-million tax break.

The 250,000 sf of office space will be housed in an 11-story structure with harbor views. Lockwood Place will sit on a 2.8-acre parcel of land that was formerly home to a Baltimore City Community College building. Pennsylvania contractors Kravco Co. and Parkway Corp., along with Baltimore’s A&R Development Corp., are behind the project. In comments to the press earlier this year, Kravco Chairman Wayne Snyder explains that the group is eager “to get up and open and create the premier office-retail space in what is a wonderful location.”

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