Quantcast More News On the Legg Mason Move to Harbor East

 
Jun
15
More News On the Legg Mason Move to Harbor East
Posted (Glen) in Harbor East, Downtown, Commercial / Office on June-15-2007

I recently posted on the large tax break that Baltimore’s Harbor East project is receiving - in part to keep Legg Mason as a tenant in the new office tower.  Today Baltimore Business Journal posted another story on the subject, revealing some interesting details about Legg Mason’s deal.  For one - Legg Mason’s new building will include a 1,200 spot underground parking garage.  Which had to be a great selling point for moving from their current downtown location.  Legg Mason’s current parking garage sits under the building at 100 Light Street - but only contains a couple hundred spots.  I know this because I worked at Legg for three years - and wasn’t allowed to park there - except on rare occasions (i.e. the weekends).  There were vice presidents that didn’t even have parking spots.  2nd - the article revealed that Legg’s lease has been signed for 15 years.  A great selling point for brining additional business into Harbor East.

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Comments:
Kevin on June 17th, 2007 at 12:48 am #

Whats happening at Harbor East is amazing. Giving Legg this tax break for a 15 year “anchor” lease was a smart move. Better yet were the breaks given to Laureate (and Old Mutual). It will be interesting to see were the new CBD will be in 10 or so years.

chrism on June 19th, 2007 at 9:34 pm #

Yeah this are is taking off like crazy. I was at James Joyce Irish Pub the other night and the place was still packed at closing. So not only is business moving in, but it seems to be a destination point for people going out. The one knock on this area (and Fells Point) that I always had was that it takes so long to get out of the city from there, or to get there if you are commuting in. But enough is being built here that it it will soon be able to support a somewhat self contained community of business, residential, and retail.

New Downtown Garage Planned for 100 Light Street Baltimore on August 5th, 2007 at 7:20 pm #

[…] are moving ahead with plans to build a 500 car parking garage.  One of the likely reasons for Legg’s announcement to move from it’s current headquarter location is the lack of parking.  So perhaps the building […]

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