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Real Estate Weekly – 5/16/14

MEDA honors Baltimore Design School project

The Maryland Economic Development Association has named the Baltimore Design School its MEDA Economic Redevelopment Project Award winner. The project was nominated by the Maryland Department of Housing and Community Development and recognizes Seawall Development Corp. for its commitment to economic development and revitalization in Maryland. Housed in the former Crown Cork & Seal Co. factory building — an abandoned space since 1986 — the Baltimore Design School created a state-of-the-art public school delivering educational rigor and training in the areas of fashion design, graphic design and architecture. The adaptive reuse and sustainable design of the project led to a $3 million dollar award in Sustainable Communities Tax Credits. The school also received a $100,000 award from the Maryland Department of Housing and Community Development’s Community Legacy Program, which funds key revitalization projects. The MEDA Awards recognize outstanding efforts to attract new businesses, assist existing businesses, redevelop business districts, market communities and support workforce development, tourism, and agriculture.

Thomas S. Bozzuto honored by Boy Scouts council in Baltimore

The Baltimore Area Council, Boy Scouts of America honored Thomas S. Bozzuto, chairman and CEO of The Bozzuto Group, as the 2014 recipient of the Henry A. Rosenberg, Sr., Distinguished Citizen Award. The award was presented to Bozzuto at a BSA fundraising event chaired by Brian Gibbons, chairman and CEO of Greenberg Gibbons Commercial, and attended by more than 300 people representing 45 businesses and individual sponsors. Bozzuto was honored for his community leadership and contributions to improving the quality of life in metropolitan Baltimore. The fundraiser generated over $200,000 to support Scouting programs that serve underprivileged and at-risk youth in the Baltimore metropolitan area.

Galloway Creek PUD upheld by appeals court

Smith Gildea & Schmidt, a Towson-based law firm, said the Galloway Creek Planned Unit Development can move forward, now that the Court of Special Appeals has affirmed both the May 2013 judgment of the Baltimore County Circuit Court and the July 2012 decision of the Board of Appeals approving the PUD. The project’s developer, Galloway Creek LLC, will go ahead with the permitting phase for the PUD, a 36-unit residential condominium development on the waterfront in the eastern Baltimore County community of Bowleys Quarters. “I am very pleased that the Court of Special Appeals has affirmed both the Circuit Court’s and the Board of Appeals’ decisions,” said Larry Schmidt, partner at Smith, Gildea & Schmidt who represents Galloway Creek LLC. “The Galloway Creek development will be a significant part of the continued revitalization along the eastern Baltimore County waterfront. My client is now one step closer to seeing this project come to fruition.”

Merritt Construction Services takes on 2 projects for NAVA

Merritt Construction Services has begun transforming a former salon space at 5 Wisconsin Circle in Chevy Chase into a 4,113-square-foot wellness center for NAVA Healthy & Vitality Center (NAVA), a subsidiary of Ascend One. Work on the project follows Merritt’s completion of NAVA’s initial location in Columbia. The renovated space will include rooms designed for acupuncture, massage, nutrition, chiropractic, hyperbaric oxygen therapy, IV Nutrition therapy and more. The design will mimic NAVA’s Columbia location with high-end tile work throughout, bamboo and pebble stone floors, a wood radius wall with cove lighting above, an illuminated waterfall in the lobby and slotted wood ceilings in various areas. The Columbia location is currently open to the public, and NAVA plans to hold an official grand opening in early summer. The Chevy Chase location is scheduled for completion in August.

Traffic Group completes pedestrian counting projects for developer

The Traffic Group, a White Marsh-based traffic engineering and transportation planning firm, completed two short-term pedestrian counting projects in Silver Spring. The projects were commissioned by Petrie Ross Ventures, a developer of retail centers and mixed-use properties in the mid-Atlantic. One project targeted the southeast quadrant of US 29/Colesville Road and Fenton Street while the other focused on the southwest corner of Ellsworth Avenue and Fenton Street. The purpose was to gain an understanding of the number of people passing by the locations either on foot or bicycle. The details were incorporated into sales materials for brokers responsible for leasing the space. “These study results, which our leasing team has been able to point to in discussions with potential retailers, have helped us adjust rental budgets accordingly and sign more tenants,” said Petrie Ross Ventures Chairman Walt Petrie.

PERSONNEL

EBL Engineers LLC, a Baltimore-based multi-discipline engineering firm, announced the election of Robert W. Baker Jr. to the Board of Directors of the National Automatic Fire Alarm Association for a two-year term. Baker, a Senior Fire Alarm / Electrical Design Engineer, has been employed at EBL for more than 30 years, and has experience in the design, review and acceptance testing of electrical and fire detection systems. He has consulted with architects and engineers on fire alarm evacuation and detection systems, as well as power and lighting installations. In addition, he has more than a decade of experience as a construction cost estimator. He is a past two-time president of the MD-DC-VA Automatic Fire Alarm Association, and is also a member of the Electric League of Maryland and the National Fire Protection Association.

Andrew Manley has joined MacKenzie Capital LLC as a senior vice president, the Lutherville-based commercial real estate services firm announced. He will be responsible for providing capital markets advisory and consulting services, including debt and equity financing and development of investment products. Manley has more than two decades of real estate finance and investment management experience, with a background in commercial real estate lending, equity investment and capital formation. He has advised numerous institutions in debt and equity transactions, strategic planning, and investment management issues. He has also advised numerous creditors and debtors in restructuring matters and Chapter 11 bankruptcy issues. Manley holds a Bachelor of Science degree from the University of Maryland, a Master of Business Administration from the University of Baltimore, and a Master of Science degree in Real Estate from The Johns Hopkins University’s Carey School of Business.

H&R Retail, the largest retail-only brokerage firm in the Washington, D.C.-Baltimore area, announced the promotion of Bradley A. Buslik to partner. Buslik, who joined H&R Retail in 2006, has extensive expertise representing retailers and property owners throughout the D.C. area. He has represented such clients as Staples, Urban Atlantic, Time Equities, Caves Valley Partners, Toll Brothers, Carluccio’s and MyEyeDr. As a student at George Washington University, Buslik launched his own residential real estate program, becoming the Director of Off-Campus Housing for the university. Following his graduation, Buslik joined H&R Retail as a full-time leasing agent. He earned a master’s degree from Georgetown University while working at H&R Retail.

Nicole R. Keelty has joined the Baltimore-based Capital Markets Team of commercial real estate services provider Cassidy Turley. Keelty, a senior vice president and principal, will focus on providing disposition services to corporate, institutional and investor clients. She joins Capital Markets team leader Jonathan Carpenter, who has completed 52 investment sales transactions totaling $1.1 billion in the Mid-Atlantic Region over the past five years. Keelty is a 17-year veteran of the Cassidy Turley Downtown Baltimore Office Leasing Team with transactions that totaled 2.9 million square feet over the last 10 years. Focusing mainly on office product, she represented trophy projects including Tide Point, now the Under Armour headquarters, and Harbor East.

LEASES

Merritt Properties reported the following recently signed lease:

Embrace Home Loans Inc., a mortgage company, leased 2,824 square feet of office space at Columbia Corporate Park, 8840 Stanford Blvd., Suite 1000, in Columbia. Troy Leland of Mohr Partners represented the tenant. Merritt Properties was represented by its in-house leasing team of Jamie Campbell, Vince Bagli, Liz Tarran-Jones and Steve Shaw.

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