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Old February 14th, 2007, 06:09 PM   #341
waj0527
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Another Legg article....

Legg Mason to leave city skyscraper

Money manager will move 1,000 employees to Inner Harbor East
By Jamie Smith Hopkins
Sun Reporter
Originally published February 13, 2007, 10:38 AM EST

Money manager Legg Mason Inc. said this morning that it will leave its downtown Baltimore skyscraper for the fast-developing Inner Harbor East when its lease expires in 2009, moving the employees based there and several hundred workers in Owings Mills.

It said it has signed a 15-year agreement to lease as much as 400,000 square feet in a mixed-use complex that H&S Properties Development Corp. will soon build. The development is slated to include a Class-A office building, a Four Seasons Hotel and condos.

Legg expects to move there in the summer of 2009.

"Legg Mason is excited to bring most of our Baltimore-area employees together in this renewed area with amenities that are among the best in Baltimore," said James W. Hirschmann, the company's president and chief operating officer, in a statement.

Speculation had been rampant that the company was looking to move from its iconic spot at 100 Light St., the city's tallest building. Andy Frank, deputy mayor for neighborhoods and economic development, said recently that the Baltimore Development Corp. worked with Legg for months to address any concerns it might have had about staying downtown.

City officials had hoped a 10-story parking garage the tower's owners are developing would keep the company from moving.

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Old February 15th, 2007, 12:16 AM   #342
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So many projects going on in Baltimore now. Just imagine if all are built!
In the next, say, 5 to 6 years from now Baltimore will look spectacular!
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Old February 15th, 2007, 07:45 AM   #343
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The new Legg Mason location and Four Seasons should really help tie Harbor East into the Inner Harbor skyline.
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Old February 15th, 2007, 04:43 PM   #344
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Here's the rendering in case anyone missed it:

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Old February 15th, 2007, 11:06 PM   #345
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Another rendering of the Legg Mason Tower:

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Old February 16th, 2007, 12:14 AM   #346
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The Four Seasons is on the right, correct?
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Old February 16th, 2007, 02:04 AM   #347
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Quote:
Originally Posted by waj0527 View Post
The Four Seasons is on the right, correct?
The last rendering showing the Legg tower??

The 4 seasons isn't shown in that one.
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Old February 16th, 2007, 03:47 AM   #348
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Hell yes. That land is completely under-utilized now and these towers will add a lot.

Let's hope the renderings for the new towers are more accurate than the one for the existing Radisson Waterfront.
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Old February 16th, 2007, 11:40 AM   #349
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The perception by the angle of these renderings give differing heights.

The Marriott "appears" to be a bit further away. So, that has to play a little part in the height comparison to the 4 Seasons tower. Same with the new Legg Mason tower.
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Old February 16th, 2007, 11:43 AM   #350
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Another thing is that office buildings tend to have a higher floor to ceiling ratio than that of hotels or condos/apartments. office buildings tend to average 13 to 15 ft. per floor. Hotels and condos/apartments tend to average around 10 to 12 ft. per floor.
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Old February 16th, 2007, 04:42 PM   #351
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Quote:
Originally Posted by StevenW View Post
So many projects going on in Baltimore now. Just imagine if all are built!
In the next, say, 5 to 6 years from now Baltimore will look spectacular!
Hey. It already does!
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Old February 16th, 2007, 05:25 PM   #352
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Does anyone think the US Gov't would sell the lot next to the Customs House building? I think with the development of 300 East Pratt, the value of that land would go up.

What about more air rights development? What about atop the BCCC garage or the semi-new garage opposite the Gallery Tower on Lombard? Were either of those built for further development?
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Old February 16th, 2007, 10:27 PM   #353
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interesting waj.
Something to think about.
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Old February 26th, 2007, 07:40 PM   #354
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Quote:
Originally Posted by waj0527 View Post
Does anyone think the US Gov't would sell the lot next to the Customs House building? I think with the development of 300 East Pratt, the value of that land would go up.

What about more air rights development? What about atop the BCCC garage or the semi-new garage opposite the Gallery Tower on Lombard? Were either of those built for further development?
I doubt GSA would sell that lot. Customs, now part of Homeland Security, is still using all of the Custom House. I had an office in there and they moved us out to do a multi-million $ restoration of the entire structure about 10 years ago. The inside is spectacular. The lot in question is used for employee and G-car parking.

Sooner or later the federal government will need space for another office building or courthouse. Perhaps that space will be in the running. It is only about a half square block in size though, so whatever goes there will have to have a bit of height. I know that Baltimore is still on the list to get a new federal courthouse - though when and where remains are questions that remain to be answered.

The Holocaust memorial site, across the street from the Custom House, is tagged as a Red Line stop on almost all the route alignments proposed and posted on the MTA's web site. I would suspect that if they build a station there, that the air rights above it would be marketed for development similar to what has happened at the Shot Tower station two blocks over.

Last edited by 30 Floors Up; February 26th, 2007 at 07:50 PM.
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Old March 1st, 2007, 06:30 PM   #355
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Good points wada.
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Old March 1st, 2007, 06:47 PM   #356
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Quote:
Originally Posted by chromebowler View Post
The new Legg Mason location and Four Seasons should really help tie Harbor East into the Inner Harbor skyline.
i agree.
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Old March 15th, 2007, 06:16 PM   #357
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FWIW, there are a couple of infill development projects along Howard Street. I thought I would remember the web addresses to get renderings, but I didnt.
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Old March 16th, 2007, 06:58 PM   #358
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http://www.monmadison.com/index.html

this is currently being developed at the corner of Monument and Madison in Mt. Vernon. There's a rendering in the banner at the top of the pages.
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Old March 18th, 2007, 06:09 PM   #359
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I'm fellin' the new Legg Mason building. Now, what to do with that POS at 100 Light Street.
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Old March 22nd, 2007, 07:18 PM   #360
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Quote:
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I'm fellin' the new Legg Mason building. Now, what to do with that POS at 100 Light Street.
Hopefully they'll attract another large firm of some sort there. It's not the best loking building (hell, soon it wont even be the tallest in the city), but it's certainly prominently placed in our skyline and still has some cache.
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