Another project is set to start at Stadium Square in South Baltimore as the former Vac Pac building at 150 W. Ostend St. will be renovated and reused as an office building with ground floor retail. Stadium Square developer Caves Valley Partners (CVP) will begin demolition on the interior of the building next week. Vac Pac relocated to a 46,000 sq. ft. building in Middle River.
The four-story building constructed in 1920 will have approximately 30,000 sq. ft. of space and CVP is hoping to use the first floor for a retail tenant, ideally a restaurant. The brick exterior of the building will be “cleaned up” and new windows will be installed, and windows that have been covered with brick will be reopened. The entrance to the building will face Ostend St.
The new building adds to Stadium Square’s office portfolio as it is making progress across the street at 145 W. Ostend St. on a new-construction, six-story, 72,000 sq. ft. office building. Construction began this past spring on that property.
Arsh Mirmiran of CVP told SouthBMore.com that they have a signed letter of intent for two floors at 145 W. Ostend St. and are negotiating an agreement with an additional tenant for a third floor. He said both are technology companies. As they continue to lease the building, CVP will also be constructing a couple suites he described as “plug and play” for smaller companies looking for something turn-key and around 2,000 sq. ft. They are also hoping to bring in a restaurant for the bottom floor of the building.
CVP will add more office space in the future when they build an additional office building on the 1.3 acre lot they purchased adjacent to 145 W. Ostend St. New parking garages will be constructed behind 145 W. Ostend St. and on the same block as the former Vac Pac building. The parking spaces will be used for the office buildings and retail spaces, Stadium Square residents, and people visiting other businesses in Federal Hill. There will also likely be opportunities for area residents to rent spaces.
Stadium Square is an approximately $250-million project that will cover three consecutive blocks in Sharp-Leadenhall and the South Baltimore Neighborhood between Cross St. on the north, Race St. on the east, Leadenhall St. on the west, and both sides of Ostend St. to the south. The Hanover Co. is currently constructing a new building with 293 market-rate apartments, 14,000 sq. ft. of retail, and 450-500 parking spaces on the 1100 blocks of Leadenahall and Race St. The block will also be home to a new four- to five-story, 30-50-unit affordable apartment building for veterans with 6,000 sq. ft. of retail space using the facades of five existing rowhomes.