X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BALTIMORE, MD-While work has been underway for a few weeks, developers have officially broken ground on the $100-million Lockwood Place, an office and retail complex on the city’s Inner Harbor. The retail portion of the project, as well as the 940-space garage, is due to be completed in 2003. And acknowledging a demand for office space and parking, the city of Baltimore is giving developers a 20-year, $30-million tax break.

The 250,000 sf of office space will be housed in an 11-story structure with harbor views. Lockwood Place will sit on a 2.8-acre parcel of land that was formerly home to a Baltimore City Community College building. Pennsylvania contractors Kravco Co. and Parkway Corp., along with Baltimore’s A&R Development Corp., are behind the project. In comments to the press earlier this year, Kravco Chairman Wayne Snyder explains that the group is eager “to get up and open and create the premier office-retail space in what is a wonderful location.”

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.