X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the multifamily market, click here.)

BALTIMORE-Construction has kicked off for the Ritz-Carlton Residences Inner Harbor Baltimore with the Baltimore Planning Commission’s final approval of the site plan for the 178-unit luxury condominium project. Developer Midtown Baltimore LLC–a partnership consisting of New York-based Midtown Equities and Miami’s Samuel & Co.–expects to spend $250 million to complete the project.

Prior to the start of actual construction, there had been some visual evidence of the project because, due to the property’s waterfront location, bulkheading had to be completed first. McLean Contracting Co. conducted that work under a $10-million contract. The residences, located on a 5.6-acre parcel at the foot of Federal Hill on Key Highway Downtown, are being billed by the Ritz-Carlton Hotel Co.’s first all-residential Ritz property.

In addition to the residential units, the property will feature a 13,000-sf spa and fitness center, a 22-slip marina and a private movie theater. All elements will be encompassed in six connected low-rise structures, a project spokesperson tells GlobeSt.com, so as to avoid blocking the harbor for other Federal Hill dwellers. With all plans on track, the condominium property is scheduled to deliver in mid-2007.

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.