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.
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.
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.”