The law firm Shawe Rosenthal LLP recently leased 9,000 square feet of new office space at the iconic, 31-story One South Street tower downtown. Colliers International brokered the deal.
Shawe Rosenthal joins other law firms that also lease space in the Class A office building.
“The building is well managed and maintained, its tenants include several distinguished law firms and it is located in Baltimore city, where our firm was founded in 1947 and where we wish to remain,” Stephen D. Shawe, managing partner, said in a statement. “Our younger partners, in particular, felt it was space we could commit to confidently for the next 10 years and beyond.”
American Real Estate Partners owns and manages One South Street, located a couple of blocks from the Inner Harbor. Shawe Rosenthal plans to move in by the end of the year.
While city officials in Baltimore iron out details for a tax increment financing, or TIF, bond sale expected to take place in late January, preparations for construction on the 23-story Exelon Corp. tower at Harbor Point are well underway.
Exelon and Turner Construction Co. procurement representatives will hold a “networking mixer” on Jan. 22 at 750 E. Pratt St., beginning at 6 p.m. Interested contractors are invited to attend.
In the meantime, look for the city’s Board of Estimates to consider a pair of contracts at its first meeting of the new year — set for 9 a.m. on Jan. 8 at City Hall — to include the development and financing agreement and the memorandum of understanding for construction of the new, four-lane Central Avenue Bridge.
The city’s Board of Finance approved the first portion of the TIF bond sale at a meeting in mid-December, for $35 million in bonds to help get the project at the 27-acre waterfront site going.
As the first shops and restaurants at Canton Crossing close the books on the holiday season, other establishments are preparing to open there.
Venti-Tre Modern Italian restaurant, a Hair Cuttery, a wine shop and the long-awaited Harris Teeter are set to open in the first quarter of 2014. Venti-Tre is a new venture by Fazoli’s, a national quick-service restaurant chain; the company says it intends to franchise the concept once the Baltimore restaurant opens.
But, wait, there’s more.
Set to open in Q-2: another location of the local food retailer Atwater’s, Farmstead Grill (from the Waterfront Kitchen people) and a Farmstead Shack offshoot, a TD Bank branch and a Chick-fil-A, according to development officials from Birchwood Capital Partners.
This week, the state announced $10 million in tax credits to help pay for 10 historic restoration projects.
The Sustainable Communities Tax Credit program is administered by the Maryland Historical Trust, an agency of the Maryland Department of Planning. Included in the awards were $2 million to the Parkway Theatre on North Avenue in the Station North Arts and Entertainment District, where the Producers Club of Maryland plans an $8 million transformation that will result in a three-screen theater and a live music setting. The Producers Club is a nonprofit that supports the work of the Maryland Film Office and the Baltimore Film Commission.
The ongoing conversion of the former Bank of America tower at 10 Light St. into 400-plus apartments and ground-floor retail space got $3 million. A similar effort to convert space at St. Michael the Archangel Church complex in Baltimore into residential and retail space was granted $1.4 million in tax credits. A credit of $1.4 million was given toward the $5.4 million conversion of a former hotel in Cumberland into residential units.
Overall, the state has put nearly $350 million into historic tax credits since 1996, in all of Maryland’s 23 counties and the city.
TIDBITS: An affiliate of the Boston-based Dolben Co. recently spent $41.2 million to acquire the 240-unit Elan Settler’s Landing apartment development in California, Md. Dolben’s portfolio now comprises 54 properties with a total of 12,629 units. The year-old luxury Settler’s Landing development office is four miles from the Naval Air Station Patuxent River in St. Mary’s County. … Towson, Ocean City, Taneytown and Easton have joined several other locations on the state’s list of “sustainable communities.” That means they “seek to conserve resources, provide green spaces and parks for recreation and agriculture and conserve historical and cultural resources,” Department of Planning officials say, as well as having plans to promote public and private investment and transit-oriented development. So far, 55 sustainable communities have been identified statewide.