BUSINESS
March 6, 2010
A foreclosure sale of the Hollander 95 Business Park in Northeast Baltimore was canceled this week, after partners in the venture filed for bankruptcy protection and stopped the proceedings, according to auctioneer Paul Cooper of Alex Cooper Auctioneers. Hollander Rock LLC, which bought the 51-acre site for $4 million from the city, had planned to build a warehouse, distribution and manufacturing center. Only the 82,000-square-foot warehouse has been completed, and tenants have moved into half of the building.
BUSINESS
By Lorraine Mirabella | lorraine.mirabella@baltsun.com | February 27, 2010
One of the newest and biggest industrial parks being built in Baltimore is headed for a foreclosure auction Friday, a victim of weak tenant demand amid the recession. Hollander 95 Business Park in Northeast Baltimore broke ground in fall 2007 with plans to generate 462 jobs. Developers Hollander Rock LLC, which bought the 51-acre site from the city for $4 million, had planned to build a warehouse, distribution and manufacturing center over three years. Only the 82,000-square-foot warehouse has been completed, and tenants have moved into half of the building.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,lorraine.mirabella@baltsun.com | June 24, 2009
The financially troubled developer of a huge business park being built at Aberdeen Proving Ground to serve base restructuring has backed out of the project and handed it off to Baltimore-based St. John Properties. Under plans approved by the Army, Rockville-based Opus East assigned development rights to St. John, which announced the agreement Tuesday and said it plans to start work on three or four research and office buildings. The 400-acre project, Government and Technology Enterprise, or GATE, is being developed as a 2 million- to 3 million-square-foot research and development park in partnership with the Army to handle growth from BRAC - military base restructuring.
BUSINESS
November 4, 2008
PSC to set review of Constellation sale The Maryland Public Service Commission said yesterday it will issue an order shortly that will outline a schedule for the review of the $4.7 million sale of Constellation Energy Group to Warren Buffett's MidAmerican Energy Holdings Co. A proposed schedule submitted by the agency's staff calls for testimony to be filed by early January and the decision to be made by April 15.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun reporter | December 1, 2007
The first shops and restaurants will be opening by April at Baltimore Crossroads @95 in Baltimore County, a 1,000-acre, mixed-use business park that is expected to eventually employ more than 10,000 workers. St. John Properties, an office developer at the business park near White Marsh, has begun work on the first phase of a planned 140,000-square-foot retail development, said Gerard J. Wit, a St. John vice president. St. John Properties has completed seven buildings at the park, including three office buildings and four flex-office buildings.
NEWS
by a Sun reporter | November 2, 2007
Howard County is offering up to 4,000 free flu inoculations from 10 a.m. to 2 p.m. Sunday at a temporary clinic at Columbia's Gateway Business Park. The shots are available to anyone, not just county residents, said Dr. Peter L. Beilenson, the county's health officer. No Flu-Mist spray will be used. The county plans to field 230 employees and volunteers, including police, firefighters and health officials in what will double as an emergency-preparedness exercise. Anyone who misses the free shots but still wants to be immunized at other scheduled county clinics must pay $25, Beilenson said.