Two months after starting construction on a new global headquarters for T. Rowe Price, the developers of Harbor Point have begun work on another phase of their campus.
Beatty Development Group and Armada Hoffler said today that construction has started on a mixed-use development known as Allied | Harbor Point, on the east side of the 27-acre property between Harbor East and Fells Point.
Located at the corner of Caroline and Dock streets, Allied | Harbor Point will feature 500 residences in two towers built above a 1,250-space garage. Complementing the residences in an adjacent building will be a 152-key, extended-stay hotel.
The residential and hotel buildings will be connected by Allied Row, an open-air pedestrian plaza that will branch off from Caroline Street and contain about 10,000 square feet of retail space intended for small boutiques, eateries, and galleries.
“We’ve strived to create something that will set the tone for all of Harbor Point,” said Michael Beatty, president of Beatty Development Group, in a statement. “Ultimately Allied is a connector, welcoming and open for pedestrians while bridging the final gap between Fells Point and Harbor Point in an engaging, meaningful way.”
“We are thrilled to embark on another significant project with our longtime partner Beatty Development Group,” said Louis Haddad, president and CEO of Armada Hoffler. “Allied | Harbor Point is an ideal complement to the other components of the broader development and a critical step in our long-term strategy to cement Harbor Point as Baltimore’s go-to destination.”
Formerly known as Parcel 4, Allied | Harbor Point is part of Harbor Point’s Phase III of development, with construction occurring on three parcels almost simultaneously. Phase III also includes the T. Rowe Price headquarters, which had a groundbreaking ceremony on March 29, and a 4.5-acre public space called Point Park.
Allied | Harbor Point is a joint venture between Beatty Development Group and Armada Hoffler, which will also serve as the general contractor for the project. The project was designed by BHC Architects, and the interior design of both the residential and hotel properties will be led by Beatty Design. Completion is expected by the spring of 2024.