CITY GARAGE, located at 101 W. Dickman Street, is Baltimore’s premier destination for life science companies looking for best-in-class R&D / lab / manufacturing capabilities. Originally designed and built to service Baltimore City’s bus fleet, the 135,000 square foot building has evolved into a center of innovation in the Baltimore Washington Region. From the Sagamore Distillery to Under Armour’s “Lighthouse” Manufacturing and Design Leadership Center, City Garage has been the home of some of the region’s most innovative and successful companies.
Upcoming renovations will foster innovation in the building by installing “lab ready” infrastructure and will make the building a standout option for life science companies in the area. City Garage is the most accessible building in the Baltimore area, located less than 1 minute off of I-95. Nowhere else in the market can you get lab / manufacturing space with water views, walking distance to Nick’s Fish House, and across the street from Baltimore’s hottest new development, Port Covington.
Baltimore is advantageously located in the heart of the densely populated and economically vibrant Mid Atlantic, which makes the city highly attractive to both residents and businesses. It features a thriving port and easy access to Washington DC and Philadelphia (both within a 2-hour drive) and New York City can be reached by train in about 2 hours. Highlighting the city’s accessibility, it is drivable to one-third of the U.S. consumer markets.
Port Covington is designed to be accessible by rail, bus, water taxi, bike trails, pedestrian pathways, car, or other progressive transit options. With direct access to I-95, expanded transit routes, additional stops, and integrated technology, Port Covington will connect workers to jobs and neighborhoods in new and exciting ways.
Prestigious Johns Hopkins Hospital, Johns Hopkins University, and University of Maryland Medical Systems drive the economy in Baltimore and provide a highly educated talent pipeline – including the nation’s leading STEM talent. Of the seven community colleges and sixteen four-year colleges and universities, nine are listed as Centers of Academic Excellence in Cyber Defense (NIETP, 2019).
Upon completion, Port Covington will be a world-class destination with a projected 14.1 million square feet of mixed-use development including vibrant retail and entertainment, iconic office buildings, hotels, and residences. The 2.5 miles of the restored waterfront will undoubtedly drive revenues, property values, and returns. The $5.5 billion Port Covington development will provide substantial benefit to commercial properties in proximity to the project, including City Garage. The property also benefits from being included in the original Master Plan for Port Covington, which includes entitlements for future development as well as an approved $660 million TIF (Tax Increment Financing) for future infrastructure. Phase 1A developments including Sagamore Spirit Distillery + Visitor Center and Rye Street Tavern are now open.
Land acquisition of the majority of site
Maryland Transportation Authority commitment for $33M for highway improvements
Under Armour purchased 58 acres for their global headquarters (550+ current employees + proposed future headquarters expansion)
$660M TIF approved
Final zoning approved
Joint venture closing with Goldman Sachs Urban Investment Group—$233M equity commitment
Sagamore Spirit Distillery & Rye Street Tavern opened
Baltimore Sun headquarters relocation to Port Covington (300+ employees)
Phase 1B: Horizontal development groundbreaking
Chapter One (Phase 1B) begins construction
Chapter One (Phase 1B) delivers (up to 3 million square feet)
Johns Hopkins University. The University of Maryland, Baltimore. The UM Biopark. City Garage and Launchport. The enormous Port Covington development project.