Caves Valley Proposing Fourth Office Building and 840-Space Garage at Stadium Square

| October 2, 2017 | 0 Comments

With construction complete on the first office building at Stadium Square, Caves Valley Partners (CVP) is now proposing three additional office buildings and an 840-space parking garage at the $275-million South Baltimore redevelopment project. CVP presented plans for the new garage last month at Baltimore City Planning Department’s Urban Design & Architecture Review Panel (UDARP).

Stadium Square is on three blocks of South Baltimore and Sharp-Leadenhall located 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 project will have approximately 590 apartments, 1,800 parking spaces, 450,000 sq. ft. of office space, and 75,000 sq. ft. of retail. The project’s first luxury apartment building, Hanover Cross Street, opened its doors this summer. Hanover Cross Street, which features 299 apartments, was developed, built, and is managed by Hanover Co.

Stadium Square’s first completed office building at 145 W. Ostend St. is six stories and 72,000 sq. ft. It recently inked a lease for just under 6,000 sq. ft. to Janney Montgomery Scott, which will open its new regional office in mid-October. Arsh Mirmiran of CVP said they are currently negotiating a lease for two and a half floors of the building.

“We’ll hopefully be 50% leased in the next four to six weeks,” said Mirmiran. “We’ve had a few situations that haven’t worked out including United Way, but we are still very bullish on office there.” United Way previously signed a letter of intent for a 35,000 sq. ft. space at the 145 W. Ostend St. building, but will now lease a 30,000 sq. ft. space at Montgomery Park in Pigtown.

Stadium Square will be the repurposing the former four-story Vac Pac building at 150 W. Ostend St. for its next office building. The 30,000 sq. ft. building is in negotiations for a first-floor restaurant, which Mirmiran described as having a “Woodberry Kitchen-style” industrial space. The upper floors of the building will have offices. 150 W. Ostend St. will have a glass tower addition with a stairwell and elevators. The building has already undergone interior demolition and Mirmiran expects full construction to begin in the first half of 2018.

New in the plans for Stadium Square will be an attached office building, which will share the stairwell and elevators with 150 W. Ostend St. This building will be directly to the west of 150 W. Ostend St. at the site of a new parking lot used for Ravens game by BMORE Around Town. This new building will be called 160 W. Ostend St. and will include 75,000 sq. ft. of office space with first floor restaurants. Mirmiran said that if leasing picks up they could potentially start construction on this building at the same time as 150 W. Ostend, but it will mostly likely begin in 2019.

A new 350-unit apartment building with a 500-car garage was previously slated for the entire block surrounding 150 W. Ostend St. Now that building will have about 60 to 70 less apartments to make way for the new office building. The USPS Post Office will soon be demolished on this block as it relocates to Hanover St. in the next couple months. Rowhomes on W. West St. will also be demolished. Mirmiran expects to have the site completely cleared by the end of the year.

The final office building will be 200,000 sq. ft. and at the site of a parking lot adjacent to 145 W. Ostend St. and Leadenhall St. Timing on this building will depend on leasing activity at the other three buildings, according to Mirmiran.

The new 840-space parking garage will be six stories and located behind 145 W. Ostend St. and the future 200,000 sq. ft. office building. The garage features a Stadium Square sign and a design along the exterior. Mirmiran said that garage is important as it will be the southern face of the project from I-395 North. The plan was was approved by UDARP with comments for simplifying the design. Mirmiran said construction of the garage will provide parking for the office buildings and hopefully have additional uses. He said construction will begin in 2019 at the earliest, but that CVP wanted to get the design approved so they could put together a plan for financing it.

Also part of Stadium Square will be a 30- to 50-unit affordable apartment building for veterans with 6,000 sq. ft. of retail space. The building will use the facades of five existing rowhomes on 100 W. Cross St. and the 1100 block of Leadenhall St., the same block as Hanover Cross Street. CVP is still in the planning phases on this building.

CVP is also teaming with Leadenhall Baptist Church on a new community center on its property, and with Sharp-Leadenahll Improvement Association on designs for a redeveloped Solo Gibbs Park.

Rendering Courtesy of CVP, Kimley Horn, and Design Collective 

Project overview renderings courtesy of Lost Note Productions (note: rendering is before fourth office building was proposed)

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Hanover Cross Street 

145 W. Ostend St. 

150 W. Ostend St. 

BMORE Around Town parking lot and future site of new office building 

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Creator of SouthBmore.com and resident of SoBo. Graduate of Towson University and owner of Incept Multimedia, a full service video production company. Diehard Ravens and O's fan, beach volleyball enthusiast, dog lover and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.
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