NGKF to Handle Leasing at Baltimore’s 414 Light St. Tower
- Oct 11, 2016
By Bogdan Odagescu, Associate Editor
Owned by Questar Properties, the $160 million high-rise will bring 394 ultra-luxury multifamily units offering resort-style amenities and almost 21,000 square feet of retail space. The property will offer 12,300 square feet of ground-floor retail, with the possibility of an additional 8,000-square-foot mezzanine extension.
The skyscraper overlooking Chesapeake Bay, located on the spot of the former McCormick and Co. factory, will sit just three blocks away from Baltimore’s central business district, within walking distance from Oriole Park at Camden Yards, M&T Bank Stadium, the Convention Center and many Inner Harbor amenities. Questar’s tower will also feature a 469-spot multi-level parking garage.
Questar acquired the site in 2011 for $11.5 million, got the Planning Commission’s green light late-2014, and broke ground on the high-rise this spring. Prior to the mixed-use project, the property served as a surface parking lot.
According to Yardi Matrix data, 414 Light St. is subject to a $109 million construction loan funded by Citizens Bank in February 2016.
Rendering courtesy of SCB