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Another apartment getting ready to launch at Locust Point

At the city’s emerging new hotspot, Locust Point, the new apartments and retail at McHenry Row are filling with tenants and retailers. Spies there say about six of the 250 apartments in the development are being rented each week, with tenants paying rents that average nearly $2,600 a month for a two-bedroom pad. The development by Mark Sapperstein unofficially opened Dec. 7 with the ribbon cutting for the Harris Teeter grocery store, the 61,000-square-foot anchor of the commercial side of the project that also includes a strip of shops, salons and restaurants and a Greene Turtle bar. In the meantime, another project is getting ready to launch. A 200-unit apartment development with street-level retail at near Lawrence Street and Fort Avenue is in the planning phase, with a ground breaking in the near future. That’s the former site of the General Electric plant. The development will be considered by the Locust Point Civic Association this spring. Around the bend of Key Highway, Under Armour is getting ready to embark on a massive expansion at the Tide Point complex. This week, a company executive testified before a City Council committee about the expansion project in a hearing about changing the planned unit development there for the office expansion and rename the PUD Under Armour Headquarters. The full City Council will hear the proposal Monday evening. ***** This week, NAIOP named Randall M. Griffin as winner of its Maryland Lifetime Achievement Award to be given out an awards gala on April 19 at the Hyatt Regency Baltimore. Griffin will retire as CEO of Corporate Office Properties Trust at the end of this month after a nearly four-decade career in the commercial real estate business. For the past 19 years, he has headed the Constellation Real Estate Group and its successor, Corporate Office Properties Trust, or COPT. Before that, he was vice president of development for EuroDisney in Paris.

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