At a “Topping Out” ceremony yesterday for 145 W. Ostend St. in Stadium Square, Arsh Mirmiran of Caves Valley Partners (CVP) said the office buildings at the $275-million project in Sharp-Leadenhall and South Baltimore would have the “highest internet speed in the city.”
CVP recently reached an agreement with Baltimore City and the Mayor’s Office of Information Technology to use existing underground city conduit to supply a dark fiber connection to Stadium Square’s three new office buildings. The conduit connects to TierPoint, a 30,000 sq. ft. data center just a couple blocks west at 1401 Russell St.
CVP discovered the existence of the conduit this year and worked with Bay-Tek Consulting to find the best solution. Mirmiran told SouthBMore.com that office tenants would have the choice of about 19 different internet providers supplied by TierPoint, and that the high-speed connection has made these office buildings attractive to companies that move heavy amounts of data in fields such as technology, cybersecurity, and architecture.
Stadium Square’s first office building, a six-story, 72,000 sq. ft. office building at 145 W. Ostend St., will open next spring. Mirmiran told SouthBMore.com that CVP has 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. Both perspective tenants are technology companies. He said interest in the building has been high and he expects the building to be fully leased by the time it opens.
Stadium Square will have approximately 300,000 sq. ft. of total office space which includes the renovation and reuse of the former VacPac building at 150 W. Ostend St. Work on the approximately 30,000 sq. ft. building began last month. A third office building is planned at a 1.3 acre lot at 155 W. Ostend St. It could have up to 200,000 sq. ft. of space and ground floor retail.
The three-block Stadium Square development sits 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. Along with the office buildings, the project will deliver 650 luxury apartments, a veterans housing project, parking for more than 2,000 vehicles, improved public infrastructure and streetscaping, an upgrade to Solo Gibbs Park, and a new community center.