Armada Hoffler Properties and Beatty Development Group Break Ground on $65M Mixed-Use Project at 3200 St. Paul
- Mar 30, 2015
On Thursday, March 26, representatives from Johns Hopkins University, Armada Hoffler Properties, and Beatty Development Group were present in Charles Village to celebrate the official groundbreaking for a new mixed-use development at 3200 St. Paul. The project, currently referred to as 3200 St. Paul, will be officially named in the coming months.
Johns Hopkins purchased the 1.13-acre site in 2009, and is now leasing it to the development team of Armada Hoffler Properties Inc. and Beatty Development Group LLC. The two developers will own and operate the building.
Plans call for the construction of a 12-story structure, with 327,484 square feet of space. It will feature 157 market-rate student hosing apartments and more than 31,000 square feet of commercial space, including restaurants, retailers, and services. The building will wrap around a parking structure with 162 spaces. Birmingham, Alabama-based Capstone On-Campus Management will manage the apartments.
At the groundbreaking ceremony, representatives from Armada Hoffler and Beatty Development announced that CVS Pharmacy will be the mixed-use project’s anchor tenant. The pharmacy will occupy 10,500 square feet of space on the southeast corner of the building.
Tony Nero, president of development for Armada Hoffler Properties, told us in an interview, last October, that the total cost of the project is approximately $65 million. He added that the new building will include study lounges, high speed internet and a fitness center, and that rents will be comparable to Johns Hopkins University’s on-campus housing. The units will be marketed towards juniors and seniors.
The project is expected to be completed in August 2016. Students will be able to move in before the start of the 2016-17 academic year.
Photo credit: Armada Hoffler Properties/Design Collective/JHU