Sun Co. considering selling 2 buildings on Calvert Street

May 08, 1991|By Michael Dresser

The Baltimore Sun Co. is considering putting its Calvert Street buildings up for sale and consolidating operations at its new South Baltimore printing and distribution facility, Publisher Michael J. Davies has announced.

In an employee newsletter dated today, Mr. Davies described the possibility as "a slim one" and said the move "would work only if we could build an office tower for basically the selling price of the Calvert Street complex."

In an interview, he described the idea as "speculative" and said the company has not taken steps to put the property on the market.

The downtown property includes the main Sun building, which occupies the 5-acre block bounded by Guilford Avenue and Calvert, Centre and Bath streets. A walkway connects it with a Sun-owned parking garage-office building in the 600 block of Calvert Street.

The company, which publishes The Sun and The Evening Sun, has occupied the site at 501 N. Calvert St. since 1950. It expects to begin production at its new, $165 million plant at Port Covington next year.

Commercial real estate brokers said it could be difficult to sell the current facility because it is located outside the main financial district and its printing plant could be expensive to convert to multi-tenant office use.

"Today I just don't see a use for that property," said David I. Bavar, a principal in the Baltimore commercial real estate firm KLNB.

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