Construction of a 44-story tower on an Inner Harbor parking lot is slated to start Tuesday, reviving a site that has lain dormant since the old McCormick & Co. factory was razed in the 1980s.
Developer Questar Properties won the city's design approval in 2014 for a roughly 500-foot-tall blue glass building at the corner of Conway and Light streets. Financing was announced last month.
Officials are slated to gather Tuesday for a groundbreaking ceremony, with construction expected to be complete in 2018. The building will house 394 apartments and 12,300 square feet of retail and represents an investment of more than $160 million, according to the mayor's office.
Questar bought the 414 Light Street property at a foreclosure auction for $11.5 million in 2011. The 1.9-acre parcel is one of the last open development sites on the front row of the Inner Harbor.