COPT Proposes $1B Development in Baltimore
- Aug 20, 2015
By Adrian Maties, Associate Editor
Corporate Office Properties Trust (COPT) is once again looking to build big in Baltimore. The Columbia-based developer has revealed last week plans to turn the 10 acres of land it owns on the Canton waterfront into a more than $1 billion mixed-use development, according to the Baltimore Business Journal.
Last Thursday, COPT officials went before the city’s Urban Design and Architecture Review Panel to present their plans for The Waterfront at Canton Crossing. The massive development is designed to include 1.1 million square feet of Class A office space, a 400-foot apartment tower, a 300-key hotel, a marina with 200 boat slips, as well as retail and restaurants.
The Baltimore Business Journal reported that the meeting was the first step in COPT’s effort to secure a major amendment to the current planned unit development at the Canton Crossing site. The amendment will allow the Columbia-based developer to build more office space, more parking and taller buildings, and also to start work on the more than $1 billion project.
If COPT receives the necessary approvals, construction could start as early as mid-2016. The company plans to partner with another developer for the residential, hotel and retail portions of the project.