Stadium Square in Baltimore Lands First Tenant

Caves Valley Partners’ $275 million redevelopment project includes 650 luxury apartments, 300,000 square feet of office and 70,000 square feet of retail space.

Janney Montgomery Scott signed for roughly 6,000 square feet at 145 W. Ostend St. in Baltimore, an office building that is part of Caves Valley Partners’ $275 million Stadium Square redevelopment, according to South B’More.

The financial services firm is the development’s first office tenant. The six-story, 72,000-square-foot 145 W. Ostend St. is the first office building to be completed and Janney Montgomery Scott expects to move in by the end of the summer. A second, 180,000-square-foot office building will be delivered in the project’s final phase.

Located between Federal Hill and M&T Bank Stadium, the mixed-use Stadium Square will include 300,000 square feet of office, some 75,000 square feet of ground-floor retail, 650 apartments and more than 2,000 parking spots.

Situated close to interstates 95 and 395, the project’s first phase also includes the delivery of the 300-unit Hanover Cross Street multifamily development and the repurposing of adjacent existing townhomes. The project’s second phase, which is slated for completion in the spring of 2018, includes the mixed-use building between Hanover Cross and Ostend streets. The third and last phase is scheduled to come online in the spring of 2019.

Images courtesy of Stadium Square website