Editor’s note: In a previous article Monday morning, Baltimore Fishbowl incorrectly reported that T. Rowe Price Group did not have an occupancy permit for its new headquarters. We regret this error.
T. Rowe Price officially opened and started moving into its new global headquarters on Monday, a process that will bring about 2,000 associates to Baltimore’s Harbor Point community.
The employees are moving from 100 E. Pratt St., the company’s longtime home. The move is expected to take weeks.
“Our new global headquarters reflects our continued investment in our associates,” said Rob Sharps, chair, CEO and President of T. Rowe Price, in a statement. “The space has been thoughtfully designed to enhance collaboration and enrich the associate experience, enabling our ability to deepen our value to – and our connection with – our clients.”
“We are proud to welcome associates to our new headquarters,” said Amy Beall, head of Corporate Real Estate & Workplace Strategy for T. Rowe Price, in a statement. “With state-of-the-art amenities, our new space elevates connected experiences while providing additional choice in work settings for collaboration, social and break spaces for our associates. This move will enable us to further enhance our collaborate culture and to attract and retain top talent.”
The 550,000-square-foot structure is the largest office building to open in Baltimore this year. It consists of two midrise towers set on a common base, clad in glass and joined by a central atrium. Besides offices, it includes meeting spaces, a client conference center, an auditorium, cafes and a rooftop terrace.
The building’s owner is a partnership of Beatty Development Group and Armada Hoffler Properties. Kohn Pedersen Fox is the design architect. Beatty Harvey Coco is the architect of record; Gensler is the interior architect and iO Studio is the landscape architect. Armada Hoffler is the general contractor. Engineering teams included JDB Engineering and Allen + Shariff.
A city housing department spokesperson said in an email on Sunday that an application for a use and occupancy permit was “in review” as of Sunday evening, but representatives for the building owner provided evidence on Monday that they have obtained six Certificates of Occupancy covering various areas of the nine-level structure, with addresses at 1307 Point St. and 1000 Wills St.
The separate Certificates of Occupancy, issued on Feb. 7, were created for the building’s west tower, east tower, atrium, garage, promenade level, fitness center and catering kitchen.
Jonathan Flesher, Vice President for Development for Beatty, said in an email message on Monday that the housing spokesperson saw an application that was marked “in review” because the development team put in a request last week to modify the address by adding a postal address. “The City will not allow a tenant to occupy a structure without closing out the building permit,” Flesher said in his email.
