Caves Valley Partners plans another office building at Stadium Square in South Baltimore.
Caves Valley Partners plans another office building at Stadium Square in South Baltimore. (Design Collective)

The next building is in the works at Stadium Square, a three-block development between Federal Hill and Baltimore’s professional sports stadiums.

The $20 million office building facing Ostend Street could break ground in the first quarter of 2019, according to Arsh Mirmiran, a partner in Caves Valley Partners, the developer, which presented the design to a city architectural review panel Thursday.

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The six-story building will face another office building that is about three-quarters leased and filling with workers from Employee One Benefit Solutions, the co-working outfit Spaces and the financial services firm Janney Montgomery Scott.

Stadium Square in South Baltimore announces latest tenant: Employee One Benefit Solutions

A three-block-long complex in South Baltimore signs another office tenant and its developers say they will break ground on another building in coming months.

The project so far includes an already leased residential building and a community center built for the Sharp-Leadenhall neighborhood. Another apartment building, built in partnership with the Hanover Co., and a parking garage are also in development. Eventually another office structure is planned, as well as a small project to supply housing for veterans.

Mirmirman said he’s in discussions with an anchor tenant for the newest office building and a local restaurant operator for the first floor of the building. Otherwise, he said, luring retailers to line the streets has been the development’s greatest challenge.

Retailers have felt it was a bit off the beaten path, outside the neighboring Federal Hill neighborhood. But as a critical mass of workers and residents builds, it should attract retail tenants, he said.

“The apartments only recently filled and the office is three-quarters leased but not full,” he said. “Retailers will follow.”

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