Today, the Baltimore Peninsula development team of MAG Partners and MacFarlane Partners announced ROOST Apartment Hotel as its partner on the under-construction, seven-story building at 2400 Terrapin Way. The building, which will be named ROOST Baltimore Peninsula and open this summer, will have 81 “apartment hotel” units and 40 long-term apartment units.
ROOST Apartment Hotel is a concept by Philadelphia-based hospitality company Method Co. ROOST has three locations in Philadelphia, PA and additional locations in Cleveland, OH and Tampa, FL. It is also planning locations in Detroit, MI and Charleston, SC.
ROOST Baltimore Peninsula, which was designed by Hord Coplan Macht, will have one-, two- and three-bedroom apartment hotel units with interiors collaboratively designed by Aumen Asner Inc. and Method Studios, which is Method Co.’s in-house design firm.
About the units at ROOST Baltimore Peninsula:
Each apartment hotel unit will feature full-size kitchens with modern-day appliances and full-wall windows and balconies to take advantage of the stunning waterfront views. The apartment hotel units, amenity space and lobby feature custom and curated furnishings from designers such as Lawson-Fenning, Gubi, TON, Pedrali, &Tradition, Interior Define, Noguchi, Santa and Cole, Dumais Made, O & G, and Lumas. The furniture curation throughout the space, also designed by Method Studios, draws inspiration from the industrial and maritime heritage of Baltimore as a premier port city. The space is populated with vintage designer pieces, with a color palette of blues and greens accented by blackened steel and rich walnut wood. The property includes a 24-7 concierge, an on-site fitness center with Peloton bikes, and 20,000 square feet of indoor and outdoor resort-like amenity space including an open-air pool lined with cabanas and an outdoor fireplace centered around a full-service hybrid bar and lounge. Additionally, Method Co. will be leasing out 40 apartment units for long-term residents who will also have access to all of the building’s amenities.
ROOST Baltimore Peninsula will also have 6,000 sq. ft. of ground-floor retail.
Joint venture partners of the Baltimore Peninsula project are Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs).
“We are thrilled to have the opportunity to open our sixth ROOST location within the incredible city of Baltimore,” said Method Co. Co-Founder and CEO Randall Cook in a press release. “MAG Partners and MacFarlane Partners are completely transforming the city’s waterfront experience with Baltimore Peninsula, making it an incredibly desirable destination for locals and visitors alike. We were drawn to this project by Kevin Plank and his partner’s positive energy, vision and commitment for the area and we look forward to playing a role in bringing that vision to life.”
“With the addition of ROOST, Baltimore Peninsula is poised to become a vibrant destination for visitors and workforce talent that wouldn’t otherwise have an opportunity to experience the Baltimore Peninsula lifestyle,” said MaryAnne Gilmartin, founder and CEO of MAG Partners, in a press release. “ROOST’s high-design and commitment to quality compliments our broader approach as we create a new 24/7 neighborhood.”
“The momentum of activity at Baltimore Peninsula is a testament to the overall vision that we set out to create from the start,” said Kevin Plank, principal and CEO of Sagamore Ventures, in press release. “ROOST’s unique brand not only brings a high-quality, high design hotel operation to the neighborhood, it bolsters our credentials as a destination to visit and enjoy. It’s a great addition alongside our growing list of office tenants and new residents.”
Baltimore Peninsula is 235-acre development in Port Covington that will include up to 14 million sq. ft. of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space.
Chapter 1B of the Baltimore Peninsula project is currently wrapping up construction on five buildings that will have 440,000 sq. ft. of office; 586,000 sq. ft. of residential from 537 total housing units which break down as 367 market-rate residential dwelling units, 89 affordable dwelling units (ADU), and 81 extended-stay units; 116,000 sq. ft. of retail; more than 1,000 parking spaces; and 10 acres of parks and public space.
The buildings include the 250 Mission building with 162 apartment units and 40,000 sq. ft. of retail; the Rye House building with 254 apartments and 16,000 sq. ft. of retail; Rye Street Market with 228,000 sq. ft. of office space and a 45,000 sq. ft. market; and 2455 House Street with 212,000 sq. ft. of office and 9,500 sq. ft. retail.
Office leases announced are 97,000 sq. ft. for CFG Bank at the 2455 House Street office building and a 9,000 sq. ft. office lease for Chambers at the Rye Street Market building. These two leases put the current office space footprint under construction at almost 25 percent leased.
There is currently a flurry of construction in Port Covington. 28 Walker recently started a redevelopment of the 25-acre former Locke Insulators property that will deliver 809 housing units. Under Armour is currently under construction on a 280,000 sq. ft. office, retail, and fitness building and a track and field stadium at its 50-acre property.
2455 House Street and ROOST Baltimore Peninsula
Renderings courtesy of Baltimore Peninsula
About the Author: Kevin Lynch
Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O’s fan, father of three, amateur pizza chef, skateboarder, and “bar food” foodie. Email me at [email protected] and follow me on Twitter at @SoBoKevin.