NEWS
By Gus G. Sentementes and Gus G. Sentementes,Sun reporter | August 11, 2007
After more than a month of surveillance, plainclothes police officers raided a house early yesterday in Southwest Baltimore, arrested three men and seized a large amount of suspected heroin packaged for street sale. A police spokesman said the officers found 3,200 gel caps and a loaded handgun in the basement of a home in the 2500 block of W. Pratt St. when they entered about 6:45 a.m. The men were involved in a heroin-dealing operation that received large quantities of the illegal drug twice a day, police said.
NEWS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | October 17, 1997
IBM Corp. is expected to sell its 28-story skyscraper at 100 E. Pratt St. by the end of this month for roughly $137 million, a record price for a downtown Baltimore office project.The anticipated acquisition of the office tower by Boston Properties Inc. would represent the height of the region's four-year office market recovery, local commercial real estate analysts said.Although the high-water mark stems from rising rents and the strength of white-collar job growth in Baltimore, analysts said the project's location across from the Inner Harbor, combined with its size and age, contributed to the sale price.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Staff Writer | May 30, 1992
In 1982, leasing office space at the new Inner Harbor Center at 400 E. Pratt St. was as easy as a cruise. But that was then, and this is now.In 1992, the coming defections of the building's two biggest tenants are shoving it into the ranks of "see-through structures" that have become the signature of real estate's recession.More than 110,000 of the building's 135,000 square feet of office space will be empty as the architecture firm RTKL Associates Inc. and American Telephone & Telegraph Co. move out.Soon, the now-full building will be among the loneliest in Baltimore, with a vacancy rate of more than 80 percent -- about four times as high as the citywide Class A rate.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | October 30, 2001
The economy may have derailed Constellation Energy Group Inc.'s plans to split into two separate businesses, but for now it won't change the company's plans to move into a new headquarters. A spokesman for Constellation said yesterday that the company still intends to anchor the city's first new office building downtown in a decade. The building, on top of an electric substation at 750 E. Pratt St., has been under construction since May. The steel shell of the building is visible from the harbor and the east entrance to downtown from Interstate 83. "Our plans have not changed," said Michael W. Delaney, a company spokesman.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | August 28, 2002
In a deal that preserves a major company headquarters downtown, Sierra Military Health Services Inc. has signed a lease for a floor in a new office tower at 750 E. Pratt St. The deal for 19,685 square feet means the fast-growing military health provider, one of the city's largest companies, will occupy space in three high-profile office buildings in the Inner Harbor, including the 15-story Pratt Street tower, the first major office building to open downtown...
NEWS
By Greg Schneider and Greg Schneider,SUN STAFF Sun staff writer Kevin L. McQuaid contributed to this article | June 5, 1998
Another hotel may be on the way for the Inner Harbor.Baltimore City Community College announced yesterday its selection of Kravco Co., a Philadelphia-area shopping center developer, and several partners to build an $88 million complex of offices, shops, hotel rooms and parking spaces on one of the tourist district's last big open parcels.The college-owned 2.8-acre site at 500 E. Pratt St. -- a prime spot across from the National Aquarium and the Power Plant -- now contains only the cracked asphalt of a parking lot and the aging Lockwood building of BCCC's Harbor Campus.