Armada Hoffler Plans New $117M Project For Baltimore’s Inner Harbor

BALTIMORE–Virginia Beach-based REIT Armada Hoffler Properties plans to build a new 325,000-square foot mixed-use building next to the Point Street Apartments as part of the Harbor Point development.

Harbor Point is a 27-acre mixed-use development between the historic Fell’s Point neighborhood and the Inner Harbor East area.

The 12-story project, called Wills Wharf, will have office, retail, and hotel space. This is not a spec development: The top four floors of the building are leased to the owner and operator of a 156-room Canopy by Hilton hotel. Armada Hoffler also expects to have over 100,000 square feet of office space leased before construction begins. The building is expected to deliver in the first quarter of 2020.

Harbor Point is anchored by the 500,000 square foot mixed-use Exelon tower, the 260,000 square foot Thames Street Wharf office building, and 1405 Point (Point Street Apartments). Beatty Development Group is the developer, while construction was provided by Armada Hoffler Construction Co.

Armada Hoffler Properties also owns a major stake in 1405 Point and holds the option to purchase a majority interest in the asset.

Separately, Armada Hoffler has also announced that it will invest in the office and retail components of The Interlock, a new mixed-use public-private partnership with Georgia Tech in West Midtown Atlanta. The University will participate as both the ground lessor and anchor office tenant. S.J. Collins Enterprises is serving as master developer with Armada Hoffler providing development and construction expertise.