COLUMBIA, MD—Howard Hughes Corp. has put theformer Rouse Co. headquarters office building hereon the market for sale.

|

The Dallas-based firm is currently close to completingrenovations on the 89,000-square-foot building that will soon housea Whole Foods market, according to the BaltimoreBusiness Journal.

|

John DeWolf, a senior vice president at HowardHughes, says the firm began considering a sale after it receivedunsolicited offers on the downtown lakefront building designed byfamed architect Frank Gehry. The firm has hired Cushman& Wakefield of Maryland to market the property.

|

“It occurred to us that as we were looking around strategically,that if we're getting this interest without even asking, it wastempting to be opportunistic,” DeWolf says “What we're about is theability to build the next and the next, and with regard to theRouse building, there's not a lot of 'next' to do.”

|

The funds from the property's sale would be funneled to thecompany's proposed Crescent project, which willfeature when completed at least 300,000 square feet of officespace, 2,300 residential units, Main Street-style retail and anindoor concert facility. See story in the Baltimore Business Journal.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
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.