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New York firm buys 100 S. Charles for $45 million, plans overhaul

New York firm buys 100 S. Charles for $45 million, plans overhaul

Carlyle Development Group, the New York firm that recently purchased 100 S. Charles Street for $45 million, has a new name for the complex: Pratt Plaza — never mind its official address.

The name is part of a plan for a major overhaul designed to rebrand the building as part of Pratt Street — a bustling submarket in Baltimore real estate, known for its north of 90 percent occupancy rates, said Thomas Fear, Carlyle's director of acquisitions.

The firm is working with Baltimore's BCT Architects and has budgeted more than $20 million for the renovation, which would include a new entrance from Pratt Street and update to the lobby, stripping away the old chocolate brick...

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