Finmarc, Kodiak Shop 59 Acres for Mixed Use

[IMGCAP(1)]BALTIMORE-Finmarc Management and Kodiak Properties LLC have put on the block a 59-acre stretch of Baltimore waterfront with some retail on it with the goal of redeveloping it into a mixed-use project. The two companies have tapped CB Richard Ellis to either broker the sale of the property, which is called Port Covington, or find an appropriate joint venture partner to help them redevelop the acreage into a high-density residential, office and retail center.

[IMGCAP(2)]Located 1.5 miles south of downtown Baltimore on the Middle Branch of the Patapsco River, the 59-acre site can support a minimum of four million sf of new development. The owners are also in discussion with the adjacent property owners about possibly combining the sites into a single 140-plus acre coordinated development plan, according to CBRE.