Search
 

ARC Begins Planning for Nearly 2M-SF Project

BALTIMORE-The firm is acquiring the McCormick Spice land site in the Inner Harbor as part of the mixed-use project.

By Erika Morphy | Updated on February 20, 2008

BALTIMORE-Retail and residential developer ARC Properties is in the preliminary planning stages for its proposed 1.6-millon-sf, $500-million mixed-use development in Baltimore’s Inner Harbor now that it has closed on the land purchase. The Philadelphia-based developer has long had aspirations of putting its mark on Baltimore’s cityscape: the city is one of its “10″ brand mixed-use projects which are located on significant parks or waterfronts and include luxury condominiums, high-end retail, celebrity restaurants, destination spa and boutique hotels.

As part of this endeavor, ARC has closed on the McCormick Spice land site, one of the last remaining development parcels along the water. It was formerly occupied by McCormick & Co., before the factory was razed more than a decade ago. ARC put in its bid for the land more than two years ago.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.