Rising office tower draws tenants from as far as Va.

Groundbreaking today for Canton Crossing

December 16, 2004|By Jamie Smith Hopkins | Jamie Smith Hopkins,SUN STAFF

Canton Crossing's future office tower is luring tenants from the suburbs to the city and some from even farther away, its developer said yesterday.

Real estate firm Coldwell Banker has signed on to open a branch office in the 510,000- square-foot building, which is half leased. Other businesses leasing space include About Faces Day Spa & Salon, which is moving its flagship spa from Towson; Whitney, Bailey, Cox & Magnani LLC, a Baltimore-area engineering firm opening a new office; and Mediterranean Shipping Cruises, a unit of Mediterranean Shipping Co., which has offices on Broening Highway.

"I think the recurring theme here is that this is a new market that people are going to tap into," said Edwin F. Hale Sr., whose company, Hale Properties, is building the mixed-use community at Boston and Clinton streets.

An official groundbreaking is planned today for the 17-story tower, though construction has begun. It will be the centerpiece of the Baltimore waterfront development, which will include more than 500 condominiums, 1.7 million square feet of office space, 450 hotel rooms, 450,000 square feet of shops and 120,000 square feet of restaurant space.

Hale's 1st Mariner Bank is scheduled to be the anchor tenant of the tower, taking up 2 1/2 to three floors of the building. Capital Funding Group Inc., which is moving out of one of Hale's existing Canton buildings to make way for the condo development, will take up about a floor - 30,000 square feet.

Other tenants will include Brennan Response, Comcast Corp., Green Deveney LLC and D.F. Chase Inc. Construction, already in Canton; Earl K. Hamilton, D.D.S. of Anne Arundel County; Hamilton's Old Baltimore, a new seafood restaurant; KSI Services Inc., a Virginia developer that will build the condos; and Baltimore-based Kenilworth Title Co. LLC.

Trammell Crow Co. is responsible for leasing the building, which is to open in the early part of 2006.

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