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An affiliate of MCB Real Estate, LLC (MCB) in a joint-venture with InterPark is bringing a new, iconically-designed mixed-use development to 300 East Pratt Street in downtown Baltimore, bolstering momentum behind Pratt Street’s ongoing transformation.
Featuring 360-degree views from each floor, 300 East Pratt will boast more than 500,000 square feet of mixed-use space at the corners of Pratt and South Streets. From the top down, the building will offer residential, hotel, office, parking and retail spaces, each with their own amenity terraces. With exceptional walk and transit scores of 96 and 90, respectively, 300 East Pratt Street is ideally situated for commuters of all types, offering convenient access to I-95 and I-83 and bolstered by the building’s 600-car parking garage.
“We’re excited to add these amazing views to Baltimore,” said P. David Bramble, managing partner of MCB. “The 360-degree indoor and outdoor perspectives from each section of 300 East Pratt are unparalleled and the opportunity to add to the city’s skyline is one we’re very honored to have.”
“The City of Baltimore is incredibly enthusiastic about the opportunity that this project to creates to attract even more residents, businesses and retail to downtown,” said Colin Tarbert, president and CEO of the Baltimore Development Corporation, the city’s economic development agency. “We are looking forward to working with the developer, Downtown Partnership and other stakeholders to bring this amazing project on prime downtown real estate to fruition.”
Newmark Executive Managing Director Dan Callihan, Managing Director Karen Robertson and Associate Director James Cumber will handle the leasing of the office space.
About MCB Real Estate
MCB is a Baltimore-based privately owned real estate firm focused on retail, office, industrial and mixed-use assets. MCB owns and operates approximately 8,000,000 square feet of commercial real estate on behalf of its institutional investment platforms with an additional 2 million square feet of development and redevelopment projects in its pipeline. More information on MCB is available at www.mcbrealestate.com.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.