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Old July 2nd, 2007, 05:41 AM   #4621
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Originally Posted by quabex View Post
i personally know someone local who paid more than 7mil for a penthouse at the ritz. we've had this discussion in the past....there is a TON of money in baltimore. don't let yourself be fooled otherwise.
Do you know if it is true that "Oprah" bought two units that she is going to make into one?
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Old July 2nd, 2007, 07:09 AM   #4622
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anyone see live free or die hard? i thought it was great! too bad no baltimore skyline shots just some rowhomes at night. any major a list films that have baltimore accents? maybe hairspray?
I just saw the movie, if it wasn't for the fact that the tickets were bought before hand I would have passed from reading your comments.

THE MOVIE WAS ALL ABOUT MARYLAND AND BALTIMORE!!!

I don't think you were paying attention bro; the movie showed shots of Baltimore from beginning to end, like the BOA building.

While I'm not fond of Bruce Willis 95% of the movie was spent in the BW corridor. The focus was definitely on Maryland.

Even when they showed shots of D.C., the trained eye could tell they were in Baltimore (D.C. doesn't have buildings that tall and the City Hall was a dead give away).

It was kind of insulting to have D.C. flags and police cars hanging in Baltimore though, kind of confusing too as I didn't know where they were "supposed" to be.

I found it humorous how they showed a hodgepodge of urban scapes from different cities in some of the chase scenes. You could see Baltimore, Washington and Phila in the same take.

It was cool how they focused on Woodlawn and NSA a lot, the movie really gave Maryland some nice coverage.
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Old July 2nd, 2007, 07:28 AM   #4623
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but I think 300 East Pratt will go up before 10 Inner Harbor.
hmmm, not too sure about that. i see 'em maybe going up @ the same time.
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Old July 2nd, 2007, 07:40 AM   #4624
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thanks for the news about the recreation pier, quabex! sounds like they may have to completely redo the warehouse part of it.
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Old July 2nd, 2007, 07:43 AM   #4625
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Originally Posted by fanofterps View Post
but I think 300 East Pratt will go up before 10 Inner Harbor.
Not sure why people keep doubting 10 Inner Harbor. Buildings that massive and prominent don't just pop up. Developers can't exactly wiggle their noses make them appear. Honestly, I'd much rather ARC Wheeler take their time and get the redesign right than hastily build that boring building that Stern designed initially.

I really don't see the lack of confidence in ARC Wheeler. They've done a better job of keeping us in the loop than other developers of high-profile Inner Harbor parcels.
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Old July 2nd, 2007, 07:45 AM   #4626
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just came back from one of my friend's family reunions in hot springs, arkansas. they have a really nice "historic" district; it's similiar to our fells point in many ways. it's definitely a major tourist town in its own way. has anyone ever been there?

Last edited by MasonsInquiries; July 2nd, 2007 at 05:29 PM.
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Old July 2nd, 2007, 08:35 AM   #4627
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Originally Posted by waj0527 View Post
Not sure why people keep doubting 10 Inner Harbor. Buildings that massive and prominent don't just pop up. Developers can't exactly wiggle their noses make them appear. Honestly, I'd much rather ARC Wheeler take their time and get the redesign right than hastily build that boring building that Stern designed initially.

I really don't see the lack of confidence in ARC Wheeler. They've done a better job of keeping us in the loop than other developers of high-profile Inner Harbor parcels.
I would agree. And once a final design is settled on, the engineering will probably take months of work before construction could begin.
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Old July 2nd, 2007, 01:41 PM   #4628
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Read the whole article on 300 E. Pratt in the BBJ. It wasn't very long, but hotel interest is strong and they might move from 250 rooms up to 300 rooms with retail and 300 condos. Sounds like the housing market slump slowed them but they want to have approval of final design in next 6 months and begin construction in the spring or summer of 08. Encouraging news I guess.
Yep. I think this one will be the first to break ground. I don't think they have deep enough pockets to carry the vacant land too long. I think they paid 26 or 28 million $ for the site. The longer it sits, the more it costs them.

I'm wondering what flag the hotel will carry? They stated it will be luxury. To me that means Ritz Carlton, Four Seasons, Mandarin Oriental, or St. Regis. The most luxurious hotel we now have is the Intercontenintal, with a Four Season soon to pop up of course!

Oh, they did say 40,000 sq. feet of retail on 2 levels.

And I might add, there have been no Class B office to residential conversions in Baltimore to date. The buildings that have gone residential are Class C.

Last edited by 30 Floors Up; July 2nd, 2007 at 01:49 PM.
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Old July 2nd, 2007, 03:29 PM   #4629
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Bethesda Investor for the Rich To Merge With Baltimore Firm
Monday, July 2, 2007; Page D02

Two investment companies that for years have catered to the Washington-Baltimore region's wealthiest families and individuals are merging, according to executives for the firms.

Beaty Haynes & Associates, a nine-member Bethesda firm, will combine its investment-advisory practice with Baltimore-based Brown Advisory and take the Brown name, making the combination one of the region's largest independent wealth advisory firms in terms of client assets.

"We want to become the gold standard for our kind of firm in this market, just as Brown Advisory is the clear leader in Baltimore," said John T. Beaty, an owner of Beaty Haynes.

Beaty Haynes will combine its $1.1 billion under management with Brown Advisory's $12 billion, the firms said. Beaty said his ownership team at Beaty Haynes will become shareholders in Brown Advisory.

The merger, which would combine Beaty Haynes' personalized service from its boutique firm with Brown's larger company, is to close in August.

Beaty said his firm works with families to manage their investments and serves clients with at least $5 million in assets and helps with other services, such as finding estate attorneys and managing family expenses.

"We actually talk to clients," Beaty said. "It isn't exactly ship your money to New York and have a cup of tea. We do a whole lot of things above and beyond investing."

The new company will have offices in Bethesda, on H Street in downtown Washington, and in Baltimore. The Washington offices will be led by Beaty and by John Chapoton, who joined Brown in 2001 and has headed its Washington office.

Chapoton and Beaty said the combination will expand the number of investment offerings for clients. For example, Beaty said, the firm has had a long and active role with direct investments in prominent Washington real estate businesses such as Oliver Carr Co. and JBG Cos.

"Our clients will benefit from the different capabilities that each firm brings to the table, e.g., Brown's equity research team and its experience in private equity, and Beaty Haynes's experience in alternative assets such as real estate in addition to large cap stocks," said Michael D. Hankin, Brown's chief executive.
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Old July 2nd, 2007, 03:33 PM   #4630
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That's a good point, wada. ARCWheeler, while never having produced a building of 10IH's caliber before, has been in the development game a while and has produced some significant properties. 10IH appears to be more than just another building for them. It is going to be the signature tower that brings this city and their company to the next level. While 300EP will do the same for Doracon/UrbanAmerica, they're working with a far less-proven track record, having only been around for a few years it seems. They also seem to be employing a non-traditional development strategy according to their website. I think if they don't want to be another J.J. Clarke, they have to strike while the iron is hot. There are Doracon logos hanging all over the U.S. Postal building next to Penn Station. What is going on with that project again? Apartments and office?
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Old July 2nd, 2007, 03:42 PM   #4631
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Offices that are 60% pre leased.
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Old July 2nd, 2007, 03:54 PM   #4632
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Thanks, wada. Hopefully that project will help development jump the rail lines and get into the northern part of the city. I did dinner and a movie in Station North on Friday night. It's amazing how one side of a block (Charles St. south of Lafayette) can be so vibrant, and everything around it so utterly desolate.
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Old July 2nd, 2007, 04:32 PM   #4633
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In last week's BBJ it said that the Comcast Center cost 495 million, 57 stories tall at 1.2 million square feet. If 10 IH cost 500 million and now at 1.8 million square feet how is it only 750+/- ft tall? Something doesn't add up
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Old July 2nd, 2007, 04:33 PM   #4634
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Quote:
Originally Posted by scando View Post
Do you know if it is true that "Oprah" bought two units that she is going to make into one?
That's what I was told by the developer - Midtown Balt.
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Old July 2nd, 2007, 06:47 PM   #4635
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Originally Posted by BigBalto1 View Post
In last week's BBJ it said that the Comcast Center cost 495 million, 57 stories tall at 1.2 million square feet. If 10 IH cost 500 million and now at 1.8 million square feet how is it only 750+/- ft tall? Something doesn't add up
Bigbalto check out wikipedia http://en.wikipedia.org/wiki/Comcast...fice_building)
Quote:
Designed by Robert A. M. Stern Architects, LLP, it will rise to a height of 975 feet (297 m), Comcast Center will have 57 floors, 56 rentable with 1,248,000 square feet of office space and about 23,000 square feet of retail facilities. As of 2005, over 70% of the office space has been reserved. In 2006, the building was valued at $523 million.[2]
It appeas the examiners numers are close, but by comparisson to 10IH they are different buildings and since we dont know th enew numbers we really cant tell what the difference is. 10IH will also have that brand name hotel so I suspect that the quality of space in the building maybe slightly different as a few other things, that I guess will bring the price up. Though I too hope the building ends up being closer to 1000 feet. Im sure Wada or StevenW or any of the other in depth posters around here could explain why the building costs as much, but is not as tall.
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Old July 2nd, 2007, 07:55 PM   #4636
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Isn't Comcast Center office space while 10IH is residential/hotel...

Each floor of commercial office space is taller than a residential floor...skyscraper building 101.

I think a 1000ft building in Baltimore will look out of place, especially in 10IH's location on the side of the established downtown. 800ft is the perfect height to me, for now.
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Old July 2nd, 2007, 08:25 PM   #4637
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Originally Posted by BigBalto1 View Post
In last week's BBJ it said that the Comcast Center cost 495 million, 57 stories tall at 1.2 million square feet. If 10 IH cost 500 million and now at 1.8 million square feet how is it only 750+/- ft tall? Something doesn't add up
The Comcast Center is taller because the floor plates are smaller than what is probably going in at 10IH. It's actually quite a slender tower (I worked in the Verizon Tower across the street from the Comcast Center under construction for 4 months earlier this year).
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Old July 2nd, 2007, 08:42 PM   #4638
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Originally Posted by modestproposal View Post
Isn't Comcast Center office space while 10IH is residential/hotel...

Each floor of commercial office space is taller than a residential floor...skyscraper building 101.

I think a 1000ft building in Baltimore will look out of place, especially in 10IH's location on the side of the established downtown. 800ft is the perfect height to me, for now.
10IH Cut back on its condo plans because of the market and is going for primarily office space now (though there will still be a hotel, retail space and condos). Theyre currently looking for a signature tenant.
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Old July 2nd, 2007, 10:43 PM   #4639
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From the Baltimore Sun

Confronting crime

Unnerved by the violence
Fear grips neighborhoods unaccustomed to attacks

By Nicole Fuller
Sun reporter

July 2, 2007

This was Remington, a North Baltimore neighborhood, on a recent sunny Friday afternoon: A man sat on his rowhouse steps with his brother, strumming a guitar and sipping Bud Ice. Little girls in pigtails rode bikes on the sidewalk. A neighbor washed his car.

Then came the gunfire, at least five shots. And a young man with a black handgun sprinted from around the corner and down Miles Avenue, toward the men on the steps. He ducked into an alley and was gone before police arrived.

No one was shot. But the gunfire left bullet holes in a car and residents shaken - an illustration of the neighborhood's tenuous hold on quiet and safety.

"We were extremely lucky," said Wayne Garrity, 60, a retired Baltimore police officer, who was visiting his brother on the block as the shots rang out. "To shoot in that neighborhood in broad daylight, that's what really threw me. People are scared to death down there. There's no doubt in my mind. I told my brother, 'I'm not coming down there too much anymore.'"

In Charles Village and Remington - neighborhoods just blocks from the Baltimore Museum of Art and the Johns Hopkins University - crime has unnerved residents. With city homicides on track this year to exceed 300 for the first time in nearly a decade, there is an increasing sense that Baltimore's revitalization may be slipping.

The fear is palpable in many neighborhoods unaccustomed to violent crime, areas where housing rehabs and other new development signal optimism. Instead, residents have felt the crime wave's impact: A woman stabbed as she carried her groceries home. A man beaten bloody and robbed on a sidewalk before dark. A cabdriver fatally shot.

Residents, many feeling defenseless to stop it, are changing how they live: No more strolls to the neighborhood ice cream shop. Kids are kept indoors. People sprint at night from their cars to their homes. A waiter at an outdoor cafe tells female patrons to hold their purses on their laps through the meal.

"It's a full meltdown in Charles Village," said Joy Martin, 40, an artist. "It's gotten to the point where we're moving. Everybody that I know is afraid to go out of the house.

"Everyone that I talked to - something has happened to every one of them. Everyone's in fear. ... It is absolutely the worst I have ever seen Baltimore."

Dana Moore, president of the neighborhood's civic association, was once the victim of an armed robbery. It took more than two years, she said, before she regained a sense of security. After the recent shooting of a cabdriver, residents are reeling.

"There's a picture of my block in the Baltimore City map guide," Moore said. "It's gorgeous. [But] I have stood at my front dining room window and watched groups of young boys assault young adults. I watched with a feeling of utter helplessness."

The maddening cycle of violence has become so entrenched in the psyche of this city - one of the nation's most dangerous - that many residents have become resigned to it. Some hopeful residents are leading efforts to revitalize neighborhoods, buying homes and hoping for a turnaround.

Others feel so vulnerable, they are ready to flee.

In Charles Village, whose streets are lined with historic rowhouses, homicides rarely occur. But increasingly, police and residents say, robbers are setting their sights on the neighborhood because of a perceived abundance of easy victims with money in their pockets.

Remington recalls the old Hampden - a working-class base, with homes in families for generations. But as Hampden has gentrified in recent years, adding a yoga studio and attracting scores of hipsters, Remington has seen an increase in drug dealing and violence, residents say.

"There's kind of a feeling that things are heating up right now," Jean Floyd, president of the Remington Neighborhood Alliance, said as she surveyed the scene of the gunfire in the 400 block of 28th St., blocks from where a young man was fatally gunned down days before. "Personally, it saddens and disgusts me, but it doesn't scare me."

In the past month, two incidents outside Lynne Parks' sprawling home in the 2500 block of St. Paul St. in Charles Village have so unnerved her that she's thinking of moving.

She and her husband, a books specialist at the National Gallery of Art in Washington, moved to Baltimore four years ago and tried to make peace with some of the city's problems.

Sometimes there were graffiti. Once, her car window was broken. She considered these nothing more than nuisances of urban living.

Lately though, things have turned scary.

On a recent night, she and her husband were roused from their sleep at 3:30 a.m. From their bedroom window, they saw the tail end of an assault on a young woman, a Johns Hopkins student who was riding her bike and was attacked by a group of youths. One afternoon, a man was badly beaten on the sidewalk across from her house. His screams were so loud she could hear them even though she had been wearing headphones while watching an old movie.

"You just don't have the same sense of ease and comfort when you're at home," said Parks, 39. "It's like every little noise we hear now, we run to the window. On a daily basis, it's usually nothing. But every little noise we hear, it sets us off."

Such fear threatens the momentum of new development and rehab projects that dot Charles Village and Remington.

Much of the growth is taking place just east of Johns Hopkins' Homewood campus, along St. Paul Street. Last fall, the school opened Charles Commons, a two-tower dorm complex that includes a Barnes & Noble bookstore. Nearby, a new 68-unit condo building includes a Chipotle Mexican Grill, Cold Stone Creamery ice cream shop, Starbucks and other stores. A third major project, originally designed for condos priced as high as $700,000, is now scheduled to have smaller, market-rate and affordable apartments.

Crime on and around the campus is down this year over last, said Dennis O'Shea, a university spokesman.

"I think when people come to Baltimore and see it, whatever they may have heard in the media is generally overcome," O'Shea said, noting that undergraduate applications have risen by 30 percent over the past two years. "They see a thriving city, a friendly neighborhood and a good place to be."

Remington has also seen signs of revitalization.

Barry Weingarten, a Spanish-language professor at Hopkins, is betting that in five, maybe 10 years, the neighborhood could be another Hampden.

About a year ago, he bought a Remington rowhouse, a relative bargain compared with those in fancier neighborhoods. A wall of exposed brick lines the living room. Hardwood floors and stainless steel appliances give the home a modern feel.

"I think that murder down the street was out of the ordinary," said Weingarten, 57. "I feel safe. This is a stoop-sitting neighborhood, and the people are out watching your house. With what's going on the other side of Charles Street, it's a little bit risky, but I thought, in time, it would come up a little bit."

Still, episodes of violence trouble many residents.

In late May, a 57-year-old woman walking home from a Safeway in Charles Village was stabbed repeatedly in the back by a man who stole her purse. Several passers-by came to her aid.

The image of the injured woman, laying bleeding, hasn't left Joy Martin.

"People are used to it," Martin said. "There's just a complacency. 'Oh well, my car was broken into.' 'Oh well, I was mugged.' So people don't really freak out about that. When you're paying the taxes you're paying, and you can't even walk outside your house. ... It's unbelievable."

Linda Lindley, 53, who has lived in Remington all her life, says drug dealing and violent crime have escalated in recent years.

Lindley works nights at a nearby Rite Aid pharmacy. She gets rides to her job. Walking in her neighborhood, she said, is not an option. A man with a gun accosted her husband as he was walking home one night - from his job as an art museum security guard.

"We used to sit outside a lot on our steps at night," Lindley said. "But now, you don't come out at night. You're like a prisoner in your own neighborhood."
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Old July 2nd, 2007, 11:36 PM   #4640
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I don't know what happened internally when O'Malley left the Mayor's office for the Governorship, but I do know that Dixon's term has been marred by a sharp uptick in crime.

There was a recent drug bust in my neighborhood on a group of people who are renting a house on a month-by-month basis. Over the course of 5 days there were two raids on the address. 8 people were arrested in the first, 2 in the second. In the first, 80 pieces of heroin were recovered as well as an undisclosed amount of cocaine. Somehow those people were back at the property, released by the system, in 10 days. This in a resurgent neighborhood that is seeing record numbers of rehabs following in Canton's footsteps.

The neighborhood is not happy. I take solace knowing that everyone is watching the culprits like hawks, but it shouldn't have to reach this point. 30 year old adults dealing smack in front of kids playing on the sidewalk in broad daylight like it's the most legal, normal thing in the world??

Whoever's going to lead this city next needs to lower the boom. If NYC & DC can cut their homicide numbers the way they did there is no reason why Baltimore can't. Too many good things going on here to let the miscreants ruin it.
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