BALTIMORE—The University of Maryland Baltimorebelieves the soon-to-be vacated Social SecurityAdministration building adjacent to its campus on NorthGreene Street would be ideal for its planned campus expansion,except for one critical item—the significant cost of the property'srenovation.

UMB President Dr. Jay Perman says the “immensecost” of renovating the facility also known as “Metro West” makesit unattractive for a university-led project, despite its pendingavailability and contiguous location, according to the BaltimoreBusiness Journal.

“We have a vital interest in Metro West for all the obviousreasons: it's contiguous to our campus, it's right across from thenew pharmacy addition, and it's right across from the medicalschool,” Perman said. “Even if we didn't see ourselves as playingany role, the last thing we would want is a 1 million-square-footbuilding that lies fallow.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.