Construction begins on Port Covington mixed-use project in US

WCN Editorial Team 15 May 2019 NORTH AMERICA BUILDINGS

Full-service real estate development firm Weller Development, together with state and local elected officials, community and business leaders, has broken ground on the first phase of Port Covington, a 235-acre mixed-use redevelopment project in south Baltimore, US.

Claimed to be one of the largest urban renewal efforts in America, the Port Covington redevelopment project is estimated to cost more than $5bn.

Planned to be developed over several years, Chapter 1 of the project will include approximately 1.38 million ft² of office, 337,450ft² of retail, 976,667ft² of residential, and 285,000ft² of hotel spaces. The first new buildings are scheduled to be opened in fall 2021.

Weller Development founding partner and lead developer of Port Covington Marc Weller said: "The Port Covington of today is a completely different place than what it was just a few short years ago, and we are just getting started.

"The progress to date couldn't have happened without the tremendous support and dedication from our elected officials and their staffs, community leaders, our South Baltimore neighbors, our investment partners and the entire development team.

"This is a marathon, not a sprint, and I couldn't be more thankful to all those running with us and cheering us on."
Rye Street Market, which will be the first of property to be constructed as part of Chapter 1, will comprise four buildings totaling 275,000ft².

It will also feature 185,000ft² of office space, 13,000ft² open-air market and food hall, 50,000ft² of pedestrian-oriented retail, a 12,000ft² meeting facility, and a 15,000ft² rooftop event space.

Following completion of Rye Street Market, Port Covington Development Team plans to deliver nearly one million ft² of additional development by early 2022.

The next development will include a 300,000ft² office building with 20,000ft² of ground-floor retail, three residential properties featuring more than 500 apartments, and approximately 55,000ft² of ground-floor retail.

Upon completion, the entire project will comprise up to 18 million ft² of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space.

Port Covington’s project team includes general contractor Whiting-Turner Contracting, engineer of record STV and JLL, which will lead leasing efforts for office space in the next phase of Chapter 1.

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Image: The Port Covington Development Team hosted a ceremonial ground-breaking event. Photo: courtesy of Port Covington.

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