NEWS
By Hanah Cho | October 30, 2009
Columbia-based Corporate Office Properties Trust said Thursday that it paid $125 million to acquire Baltimore developer Edwin F. Hale Sr.'s 1st Mariner Tower and surrounding land slated for a large waterfront development. COPT, which already held a $30 million secondary loan on the office building, invested $95 million more to close the deal that also included a parking lot, a utility distribution center and development rights to four waterfront lots associated with the Canton Crossing planned development, said Roger Waesche Jr., COPT's chief operating officer, during a conference call with analysts to discuss the company's third-quarter earnings.
NEWS
By Lorraine Mirabella | April 30, 2008
The owner of downtown Baltimore's tallest office building, at 100 Light St., has agreed to an early termination of a lease with USF&G Financial Services Corp. - which has been subleasing to money manager Legg Mason Inc. - in a deal valued at $27 million. As part of the agreement with tower owner Lexington Realty Trust, USF&G, now a subsidiary of St. Paul Fire and Marine Insurance Co., also will transfer ownership of land under the tower valued at $16 million to Lexington, the real estate investment trust said in a news release issued late Monday.
NEWS
By June Arney | January 18, 2008
Robert H. Grabner Jr., vice president/senior project manager of the tower division of WCI Mid-Atlantic U.S. Region Inc., has assumed responsibility of the Plaza Residences development, a 23-story tower planned for downtown Columbia. Grabner replaces William Rowe, who recently left WCI to work with another development firm in the area. Grabner will also be responsible for WCI's tower development activities in Virginia, which include the Club on Quincy, a mixed-use condominium development in Arlington.
NEWS
By June Arney | November 14, 2007
A controversial proposed 23-story condominium tower at the heart of redevelopment planned for downtown Columbia may be in jeopardy as its developer struggles in a challenging condo-building market. Florida-based WCI Communities Inc. insists that the project is solid despite financial problems that caused it last week to announce 575 job cuts -- about a quarter of its work force. "We're going to move ahead and are moving ahead with the project," said James P. Dietz, WCI's executive vice president and chief financial officer.
NEWS
By Larry Carson | October 7, 2007
On Nov. 3, just days before last year's election, Democratic county executive nominee Ken Ulman called a news conference and said, "The community's voice has been loud and clear that a 23-story building has no place in our Town Center. As county executive, I will introduce a height limit for New Town zoning to prohibit any building over 14 stories." Ulman, of course, won the election. But not only hasn't the county executive introduced a height limit, he has kept a low profile on two height-limit bills introduced by Mary Kay Sigaty, his successor on the County Council.
NEWS
By JACQUES KELLY | October 6, 2007
On a recent humid evening, the granite tower of the old Mount Royal Station stood out along Cathedral Street. Its bright back-lighted clock reminded me: It's time to take a seat for the entertainment season. Over the years, it has become a personal beacon, one that I associate with ticket stubs and good times. This landmark clock tower, now part of the Maryland Institute College of Art, is part of the station where I made my first train excursion in 1953. For 10 cents, you could ride from Camden Station to Mount Royal.
NEWS
By Larry Carson | September 23, 2007
As candidates last year, some County Council members said the proposed 275-foot Plaza Residence tower on Columbia's lakefront would be too tall. Does that mean that next month they must vote for Councilwoman Mary Kay Sigaty's two bills that could block it? Alan Klein, spokesman for the Coalition for Columbia's Downtown, made that argument last week at the council's public hearings, but Sigaty's colleagues reject it. "Why should you vote in favor of these bills?" Klein testified. "The simple answer is that you said you would.
NEWS
By Karl Merton Ferron | September 23, 2007
I was stoked at the thought of capturing video and still images one recent morning as Leif Cogswell unstuck the wooden arms of the 25-foot-diameter southern-facing dial at Baltimore's famed Bromo-Seltzer clock Tower. City residents tend to take the long-standing tower for granted, barely batting an eye at the structure that was completed in 1911 and resembles the Palazzo Vecchio's tower in Florence, Italy. The city owns the tower and is renovating space inside for possible use as studio space by city artists.
NEWS
By Melissa Harris | August 12, 2007
A Florida developer has started construction on a 23-story condominium tower on Columbia's Lakefront after opponents failed repeatedly to limit its height or overturn county approval of the project. The conflict has pitted the developer, WCI Communities, and business interests against neighbors and slow-growth advocates, who protest that the tower will loom over lush tree canopy and cast neighboring condos in shadows. When completed, The Plaza Residences will be the tallest building in Howard County at 275 feet.
NEWS
By Larry Carson | July 20, 2007
Opponents of the 23-story tower planned for Columbia's Lakefront lost another round in their struggle this week when a county Circuit Court judge dismissed their lawsuit. Judge Diane O. Leasure upheld earlier rulings that the residents trying to stop the 275-foot Plaza Residences at Columbia Town Center don't have legal standing. She dismissed their action Monday - a decision hailed as important by the project's developer, despite likely further appeals. "Now that the appeal has been dismissed, hopefully the community can move into the future with this issue behind us," said William Rowe, mid-Atlantic vice president of WCI Communities' tower division.