A Historic & New Mixed-Use Development - FOR LEASE Available Q3 2023 - Segall Group
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Quick Facts A BOLD VISION FOR THE FUTURE Penn Station sits at the intersection of Baltimore’s celebrated Walk Score 92 (Station North - Walker’s Paradise) cultural center and the rapidly developing neighborhoods to the north. Immediately surrounding the historic station is a collection of Historic Penn Station Headhouse Retail underutilized properties, currently being reimagined as a mixed-use, Size 11,200 square feet (Concourse) transit-oriented development with up to one million square feet of new office, retail, residential, and hotel uses. Delivery Q3 2023 Structured Parking 600 spaces The new Penn Station will establish a vibrant 24/7 atmosphere that appeals to travelers, workers, residents, and neighbors alike. The New Lanvale Commercial Retail development team is seeking new food and beverage venues and specialty retail stalls to create a distinctive, eclectic, and energetic Size 766 square feet (Concourse / Restaurant Space) setting that complements the scale and historic character of the Delivery Q4 2023 original historic station and the stunning vistas created by the future Structured Parking 150 spaces (proposed) planned development on Lanvale Street. Property Overview Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
The Value of Passengers & Commuters To prepare for increased passenger volumes anticipated through 2040 and beyond, Amtrak is advancing plans for redeveloping and improving the busiest stations where the company has an ownership interest, including Penn Station. More than three million Amtrak and MARC passengers move through the station each year. Penn Station is the 8th busiest train station in the Amtrak network. Amtrak has made a significant financial commitment - up to $150 million - in Baltimore Penn Station over the next several years. Commuters Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
The Value of Baltimore’s Tourism Customer Even during the 2020 pandemic year, Baltimore was able to produce over $1 billion dollars of tourism business that enhanced and elevated local businesses. With almost 27 million visitors annually, the rejuvenated and expanded Penn Station, surrounded by the city’s art and music district and well-established neighborhoods such as Mount Vernon and Bolton Hill, will certainly get a share of this important traffic and sales demand generator. 2021 Inner Harbor Tourism & Business Activity Downtown Partnership of Baltimore - GoDowntownBaltimore.com $1.004 billion $808 million 2021 Investment Totals Total Downtown Retail Sales $487 million projected in 2022 Retail Occupancy Rates 117,970 Downtown Employees 92.9% 93.3% 81.8% National Baltimore Metro Downtown Multi-tenant Projects 27 million 9,624+ Currently Available Hotel Rooms Total Number of Visitors 516 planned through 2024 Tourism Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
The Value of Baltimore’s Cultural Center Positioned between Mount Vernon and Station North, Penn Station is located at the apex of the City’s cultural and creative districts, anchored by the Maryland Institute College of Art, one of the nation’s premier arts colleges; the University of Baltimore, and the Joseph Meyerhoff Symphony Hall – home to the internationally recognized Baltimore Symphony Orchestra. A repurposed Penn Station will better connect with these surrounding areas while providing the station with its own unique sense of place. Penn Station will become the new heart of a revitalized neighborhood, with additional development phases each providing an important relation and function. The surrounding neighborhoods are undergoing a rapid revitalization, attracting residents with renovated rowhomes and new apartments. Centrally located amongst Baltimore’s major educational institutions: Maryland Institute College of Art (MICA) Johns Hopkins University The University of Baltimore Coppin State University University of Maryland, Baltimore Morgan State University Just south of Penn Station, Mt. Vernon is the established cultural core of the city. Neighborhood Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
CENTRE STATION NORTH ARTS & THEATRE ENTERTAINMENT DISTRICT US PARKWAY “JOHNS HOPKINS, MICA PUT DOWN 1 ROOTS IN STATION NORTH ARTS AND THEATRE ENTERTAINMENT DISTRICT” US 83 1 BALTIMORE PENN STATION THE CHARLES CAMPUS BUILDINGS & PARKING THEATRE 2,090 STUDENTS 3,000,000+ ANNUAL RIDERS THE FITZGERALD CAMPUS BUILDINGS & PARKING BROCHURE 4,194 STUDENTS Gree UNIVERSITY OF BALTIMORE JOHNSTOWN SQUARE nmou GREEN MOUNT CEMETERY nt Av E Hoffman Street CAROLINE & HOFFMAN PARK en ue 5 EXPANSIONS $160 MILLION IN LOCAL INVESTMENTS, INCLUDING: 488 STUDENTS 2 5 Aisquith Street ue en Ensor Street 724 STUDENTS Va l l e y S t r e e t Wilcox Street INFILL REDEVELOPMENT OF ABANDONED PROPERTIES Av Homewood Avenue Lillian rd Jones Apartments rfo D INTO FOR-SALE AND RENTAL HOMES; MULTIFAMILY Ha 1300 AND MIXED-USE DEVELOPMENTS; COMMERCIAL AND Renovated Renovated Renovated Homes Renovated Homes Homes 6 83 Homes E Preston Stree t MANUFACTURING SPACES FOR LOCAL WORKERS AND 4 ENTREPRENEURS; AND A NETWORK OF YEAR-ROUND Brentwood Avenue PARKS, PLAYGROUNDS, GARDENS, AND GREENWAYS. 1200 THE LYRIC BALTIMORE 1125 N CHARLES STE I-83 700 6 800 900 1000 1100 1200 1300 1400 JOHNSTOWN SQUARE VISION PLAN 600 500 JOHNSTON E Biddle Street 1 300 400 SQUARE MEYERHOFF ELEMENTARY 4 “AGORA PLANS TO EXPAND TWO MORE JOHNSTON 7 SCHOOL Barclay Avenue GREENMOUNT SQUARE B C F BUILDINGS ALONG CHARLES STREET” SYMPHONY HALL 3 PARK 1100 PARK MADISON SQUARE PARK N Eden Street N Central Street Somerset Street THE BELVEDERE E Chase Street HENRIETTA A LACKS Brentwood Avenue Hillman Street Wa r d e n S t r e e t PARK 1000 Fallsway ST FRANCES 8 ACADEMY CONDOS WITH NURSING AND 4 LAW STUDENTS MORTON ST CARRIAGE HOUSES E Eager Street CITY HOUSE CHARLES BALTIMORE CITY PROPOSED RESIDENTIAL (65 UNITS) WITH STREET DETENTION CENTER 0” 100” 200” 400” LEVEL OFFICE SPACE BROCHURE ILLUSTRATIVE PLAN 7 W EAGER ST LATROBE BUILDING The illustrative plan above identifies key developments and public realm improvements to “10-STORY APARTMENT, RETAIL COMPLEX ReBUILD INTO REDEVELOPMENT Johnston Square. BOUTIQUE Key improvements include the following: 116- PROPOSED FOR EDDIE’S OF MOUNT VERNON SITE” ROOM HOTEL BY ASH NYC, 2022 DELIVERY PUBLIC REALM PROJECTS KEY DEVELOPMENT PROJECTS BALTIMORE CENTER STAGE Biddle St/Fallsway Gateway 1 A 300 Block of East Chase St 2 Greenmount Ave /Hoffman St Gateway (Residential/Commercial) SOMERSET-OLDTOWN WASHINGTON MONUMENT Greenmount Park 3 B 1100 Block of Barclay St PERKINS/SOMERSET/OLDTOWN Greenmount Ave Streetscape 4 (Mixed-use Residential) C 1100 Block of Greenmount Ave DEVELOPMENT REPLACING OLDER PUBLIC THE WALTERS Hoffman St Corridor Greenway 5 (Mixed-use Residential) HOUSING WITH HIGH-QUALITY MIXED- Preston-Biddle Streetscape 6 ART MUSEUM PEABODY INSTITUTE Valley St Streetscape 7 D 508 East Preston St INCOME HOUSING AND COMMERCIAL (Residential/Commercial Mixed-use) OF THE JHU Henrietta Lacks Park, Second Phase 8 83 E 400-600 Blocks of East Biddle & 1200 Block THE BALTIMORE of Brentwood (New & Renovated Residential) US BASILICA F 700 E Chase St Apartments (under construction) 40 42 Johnston Square | 2020 Vision Plan US 40 Area Development / Highlights Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
Cockeysville 2021 Demographics 5 min 10 min 15 min POPULATION 34,347 225,819 505,277 HOUSEHOLDS 17,039 93,913 205,303 Towson AVG. HH INCOME $74,883 $75,976 $86,013 Parkville DAYTIME POPULATION 40,275 288,617 560,734 15-min TRAFFIC COUNTS 13,363 AADT 93,713 AADT (St Paul Street) (I-83) 10-min 5-min Retail Expenditures 5 minutes 1 mile 3 miles Woodlawn Baltimore APPAREL & SERVICES $31M $35M $259M EDUCATION $25M $28M $207M Dundalk ENTERTAINMENT $43M $48M $361M HEALTHCARE $82M $92M $689M FOOD & DRINK $133M $151M $1,102M Glen Burnie Demographics Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
E North Ave W North Ave SITE PENN STATION REDEVELOPMENT 83 NEW LANVALE COMMERCIAL NEW NORTH COURSE EXPANSION 538,330 ANNUAL RIDERS 93 GREEN MOUNT ,7 CEMETERY 13 (NRHP) AA DT CAMPUS BUILDINGS & PARKING 2,090 STUDENTS 488 STUDENTS 724 STUDENTS CAMPUS BUILDINGS & PARKING 4,194 STUDENTS 7,213 AADT 13,363 AADT 8,153 AADT JOHNSTON E Preston St SQUARE RED EMMA’S APARTMENTS COFFEEHOUSE 156 UNITS Calvert St SAMMY’S E Biddle St TRATTORIA CHASE 23,37 MARYLAND MUSEUM COURT OF MILITARY HISTORY VENUE E Chase St 3 AAD 323 UNITS St. Paul St Charles St T AMBROSE KENNEDY PARK 83 N Howard St 50,443 AADT T D EUBIE BLAKE AA CULTURAL 72 CENTER ,0 45 Market Aerial Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
E NORTH AVE 1 1 W NORTH AVE S TAT I O N 83 NORTH Penn Station is located 2.5 miles north of Baltimore’s famed Inner Harbor and is easily accessible via the Light Rail. ST E LAFAYETTE ST Office Leasing Selected site CHARLES M EN T H Light Rail & station EC JO THEATRE RO ST NE CM PENN GREENMOUNT YA M S Metro Rail & station L FA RD LL CEMETARY AV MD INSTITUTE STATION WA S E EX COLL. OF ART HO 0 1/8 MILE PY U. of Balt./ PENN LEASING Susan Homberg Mt. Royal STATION First Vice President PA RK B O LTO N W ST UNIV. OF MARYLAND AVE THE AV M DR 410-952-0813 CC HILL E BALTIMORE EU LE UI LYRIC UL TA VA D LO J O H N S TO N W N HI LA H CHARLES ST susan.homberg@cbre.com LL ST PL W PRESTON ST S Q UA R E PRESTON ST AV IN ST Cultural E LPH GUILFORD AVE DO Ctr. ST MYERHOFF BIDDLE ST. BIDDLE ST TE SYMPHONY ST. PAUL ST Tyler Feeley PE ET DR Y HALL NN CALVERT ST GREENM FA UI SY LA STATE CHASE ST D CHASE ST LVA Associate W HI CENTER NI LL FALLSWAY A OUNT State Ctr. CATHED VD AV AV 410-916-9603 RD BL E E EAGER ST S A N DTO W N JR RE AD EAGER ST HOWARD ST RD AVE RAL ST ST NG MOUNT RFO WINCHESTER tyler.feeley@cbre.com ST KI ON VERNON HA T ER ST ES PR TH BALTIMORE READ ST A LE LU 83 NV I N SCHOOL FOR LA ST RT WASHINGTON A THE ARTS James Bahr M MADISON ST HI N MD GENERAL MONUMENT ST LP HOSPITAL DO CENTER Associate OR WALTERS MONUMENT ST STAGE ENS ART MUSEUM OLD PEABODY B A LT I M O R E MD CENTER FOR HISTORY & CULTURE Centre St CENTRE ST CONSERVATORY TO W N 410-244-3794 MT VERNON ST james.bahr@cbre.com GUILFORD AVE Area MARKETPLACE EN Enlarged LL HI W FRANKLIN ST BALTIMORE ENOCH PRATT BASILICA 40 FREE LIBRARY 40 ORLEANS ST W MULBERRY ST CENTRAL ST PAUL ST ST PAUL PL JON Retail Leasing ST BUSINESS PLEASANT ST Located 12 miles south of Penn Station, BWI Thurgood Marshall airport is the busiest PARK AVE FA Y E HOWARD ST GA S LL W SARATOGA ST Lexington AL SW DISTRICT F airport in the region, serving more than 27 million passengers annually. Penn Station LS Y Market A E. A. POE SARATOGA ST E provides quick access (11 minutes) via a dedicated stop at BWI airport. XP HOUSE & ST LEXINGTON FRE RE ST MUSEUM Lexington CHARLES ST SS MARKET Jamie Lanham EM TTE FAYE W GREENE ST Market CENTER AY ON VETERANS ADM. CITY SHOT CALVERT T RTY E. A. POE TOWER Senior Vice President FAYETTE ST HOSPITAL HALL LITTLE AVE FAYETTE ST GRAVE SITE LIBE Shot Tower I TA LY 410-559-1039 COMMERCE ST UNIV. OF MD Univ. Ctr. W BALTIMORE ST E BALTIMORE ST E BALTIMORE ST PL MEDICAL CENTER Charles STAR SPANGLED ST GAY ST D jlanham@segallgroup.com BALTIMORE Center BANNER BAR EUTAW ST LOM SOUTH ST PACA ST U N I V. O F M D ARENA FLAG HOUSE E AT B A LT I M O R E HOPKINS FEDERAL E LOMBARD ST HOLOCAUST W LOMBARD ST REGINALD F. LEWIS BLDG MEMORIAL MUSEUM Bryan Spund MA BABE RUTH Convention Ctr. RTIN PRATT ST E PRATT ST HARBOR PRE BIRTHPLACE WORLD BALTIMORE Senior Associate, Leasing B&O RAILROAD S MUSEUM HARBORPLACE TRADE IDE EAST LUT MUSEUM CONVENTION CENTER NT CENTER HER and Sales ST Camden EASTERN NATIONAL KIN Yards CONWAY ST U.S. FRIGATE PIER 6 AVE ORIOLE PARK 410-753-3123 G AQUARIUM CONCERT FLEET ST AT CAMDEN CONSTELLATION JR BLVD PAVILLION SHARP ST WASHINGTON bspund@segallgroup.com YARDS BL W VD MARYLAND PRIDE OF CR SCIENCE OS 295 LEE ST BALTIMORE INN S P I G TO W N CENTER ER ST MEMORIAL HA CHARLES ST RB W KEY HWY O LIGHT ST HA MB AMERICAN UR R G FEDERAL VISIONARY HANOVER ST ST W HILL ART MUSEUM OS 395 ST T FEDERAL EN D L M&T BANK SEL HILL ST STADIUM RUS LUCIDITY INFORMATION DESIGN, LLC Proximity Map Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
matchline XT Retail C Retail D Cafe D 210 sf 270 sf 1,175 sf T1 XT Cafe A Cafe B Cafe C 2,275 sf 2,613 sf 4,567 sf NIC T2 T2 A1 BUILDING FINISH PLAN - FIRST FLOOR 2.A1.303 3/32" = 1'-0" • 11,200 SF of Retail Space (Concourse Level) SHEET NOTES • 30,950 SF of Office Space on Levels 2-4 FINISH GRAPHIC LEGEND • Newly renovated office space, elevators, and 1. REFER TO STAIR DETAILS FOR STAIR FINISH NIC NOT IN CONTRACT SC SEALED CONCRETE restrooms CT CERAMIC TILE XCT EXISTING CERAMIC TILE TO REMAIN Key Plan RT RESILIENT TILE L • Bustling lobby entrance with 24/7 security and T1 EPOXY TERRAZZO H Approved Date on-site Property ManagementXT EXISTING TERRAZZO TO REMAIN N o. R e v i s i on s Da t e By PENN STATION Seal/signature : BALTIMORE MARYLAND Office of Chief Engineer Work Elem. No: C.RE.10 PARTNERS, LLC P: 410.728.2900 HEADHOUSE REHABILITATION 1300 Thames Street, Sheet name: S T R U C T U R E S Suite 10 700 East Pratt Street, Suite 500 Baltimore, MD 21202 CORE AND SHELL T h i s m a t er i a l i s o w n ed b y a n d i s t h e s o l e a n d ex cl u s i v e p r o p er ty o f t h e N a t io n a l R a i l r o a d FIRST FLOOR FINISH PLAN P a s s en g er C o r p o r a t i o n ( Am t r a k ) , O ff i c e o f E n g i n e er in g , a n d i s s u p p l i ed o n a c o n f i d e n t i a l Baltimore, MD 21231 100 North Charles Street, Engineers | Construction Managers | WSP USA b a s is s o l e ly f o r u s e i n co n n e ct i o n w i t h t h e d es ig n a n d co n s tr u c ti o n o f Am t r a k f a c i l it i e s a n d N a t i o n a l R a i l ro a d P a s s en g er C o r p o r a t i o n 14th Floor Planners | Scientists 1300 North 17th Street, 60% SUBMISSION DRAFT Dwg. No. 3 0 t h S t r ee t S t a t i o n , P h i l a d el p h i a , P e n n s y l v a n i a 1 9 1 0 4 2.A1.3 e q u i p m en t . T h e r e p r o d u ct i o n , d i s p la y, s a le o r o t h e r d i s p o s it i o n o f th is d o c u me n t w i th o u t www.rkk.com t h e ex p r e s s w r i t t en c o n s en t o f t h e N a t i o n a l R a i l r o a d P a s s en g er C o r p o r a t io n , Tel 410.123.4567 Baltimore, MD 21201 Suite 1000 O ff i c e o f E n g i n e er i n g , is p r o h i b i t e d . Fax 410.123.4567 Tel 410.576.0440 Responsive People | Creative Solutions Arlington, VA 22209 Designed Designer Drawn Author Checked Checker Date 10/29/21 Historic Station Retail Plan Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
PLAN LANVALE EXPANSION Cafe F 470 sf Cafe G 296 sf Amtrak Baltimore Penn Station | September 23, 2021 | 2 • 766 SF of Retail Space (Concourse Level) • Future Phase: Possible office and residential tower with 265,000 SF of office space and 168 residential units with 12,000 SF of retail space Lanvale Retail Plan Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
Entrance to the new station expansion from St Paul Street New Station Expansion Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
Interior view of the station expansion New Station Expansion Baltimore Penn Station / 1500 North Charles Street / Baltimore, MD 21201
Jamie Lanham Bryan Spund Rachel Klein Interested? Contact: jlanham@segallgroup.com bspund@segallgroup.com rklein@segallgroup.com 410.559.1039 410.753.3123 410.753.3965 410.336.0138 443.904.2429 410.236.2395 Maryland DC • Northern VA Richmond Online 605 South Eden Street 7900 Westpark Drive Segall Group @ Common House www.segallgroup.com Suite 200 Suite 560 303 West Broad Street Member of RETAIL Baltimore, MD 21231 McLean, VA 22102 Richmond, VA 23220 READY. 410.753.3000 202.833.3830 804.336.2501
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