Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Washington DC & Mid-Atlantic  + Baltimore  + Industrial  |  July 16, 2025
Jasmine Kilman
By: Jasmine Kilman

Baltimore’s Waterfront Undergoes $3B Transformation

The Greater Baltimore Committee (GBC) announced that more than $3 billion has been invested in mixed-use real estate projects along the city’s historic waterfront.

Covering 231.5 acres, the efforts are being led by Beatty Development Group, MAG Partners, MCB Real Estate, and the Waterfront Partnership of Baltimore. Beatty Development Group is leading the $1 billion transformation of a 27-acre former industrial site into a master-planned mixed-use community.

The Baltimore Peninsula project spans 177 acres, and the $1.1 billion development will deliver 14 million square feet of mixed-use space. Developed by MAG Partners, it includes Under Armour’s new global headquarters and a new University of Maryland business school satellite campus. Rash Field Park
is a $34.8 million redevelopment that is adding public amenities.

MCB Real Estate is redeveloping Harborplace, the 20-acre waterfront retail center, into a $900 million mixed-use destination with four new buildings, 900 residential units, offices, retail, parks, and a 2,000-seat amphitheater.

Connect

Inside The Story

Beatty Development GroupMAG PartnersMCB Real Estate

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints