The space will house both The Fund for Johns Hopkins Medicine--the fundraising arm for the institution of medicine--and the School of Professional Studies in Business and Education. Speaking to GlobeSt.com, Johns Hopkins Director of Communications and Public Affairs Dennis O'Shea says, "The fund is moving from a building that's on the medical campus and doing that will make additional room for faculty and research, which will allow for the creation of additional jobs in Baltimore." In addition, the building is conveniently located near a Metro stop that will offer easy access for visitors. O'Shea says the relocation for the School of Business is advantageous because, "it's across the street from Johns Hopkins Downtown Center on Charles Street, which is where we have classes for students in business. So [the administrative team and faculty] will be housed in offices across the street."

The university is not disclosing the length or financial terms of the lease agreement with Angelos, however, O'Shea does not mince words about Johns Hopkins' association with the Orioles chief. "We have a good working relationship with Mr. Angelos," O'Shea explains. "He's been a good support of our business center in downtown." Hopkins' $6.1 million Downtown Center opened in January, with an official dedication ceremony having taken place in March. As for the physical move into the new One Charles Center location, which is a 40-year old design by German architect Ludwig Mies van der Rohe, early 2002 is the target date. "We expect to have people moving in by spring; April or May," O'Shea says.