Norman Jemal on How Douglas Signed Uline Arena’s First Office Tenant.

Posted by Juline Kaleyias on

Before the storm hit on Friday, Douglas Development Co announced it had signed Spaces, a creative co-working concept owned by Dutch firm Regus, to occupy 44k SF in its redevelopment of Uline Arena in NoMa.

Spaces will have the whole second floor of, as JLL managing director Evan Behr calls it, the “once-in-a-lifetime office space.” The office space has a 40×40 column grid and up to 18-foot ceilings, Douglas principal Norman Jemal (snapped above on the right next to his brother, Matthew) told Bisnow on Friday.

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225 N. Calvert apartment conversion to start in March, finish in 2017

Posted by Juline Kaleyias on

Renovations to turn an 18-story office building in downtown Baltimore into nearly 350 apartments are scheduled to begin in March and finish next year, developer Monument Realty said Tuesday.

Interior demolition at 225 N. Calvert Street, a former Bank of America building near Mercy Medical Center, is already underway. The project is slated to be completed at the end of 2017, the Washington firm said.

The 346-unit building is Monument’s first project in Baltimore. The firm purchased the property, which had been vacant, for $4 million in December 2014.

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Shaw mixed-use complex sells for $141 million

Posted by Juline Kaleyias on

Jefferson Marketplace, a 281-unit mixed-use project in Shaw, has a new owner in what may be among the biggest real estate deals ever in the booming neighborhood.

Dallas-based Invesco Real Estate has acquired the year-old property at 1550 Seventh St. NW, developed by McLean-based Jefferson Apartment Group, for $141 million, or roughly $501,779 per unit. The property also includes 13,400 square feet of retail — Beau Thai, Unleashed by Petco, French wine bar La Jambe (coming soon), Grand Cata Latin Wine & Market (coming soon), and an incoming yoga studio.

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