Construction on Lockwood Place is Under Way

BALTIMORE, MD-While work has been underway for a few weeks, developers have officially broken ground on the $100-million Lockwood Place, an office and retail complex on the city’s Inner Harbor. The retail portion of the project, as well as the 940-space garage, is due to be completed in 2003. And acknowledging a demand for office space and parking, the city of Baltimore is giving developers a 20-year, $30-million tax break.

The 250,000 sf of office space will be housed in an 11-story structure with harbor views. Lockwood Place will sit on a 2.8-acre parcel of land that was formerly home to a Baltimore City Community College building. Pennsylvania contractors Kravco Co. and Parkway Corp., along with Baltimore’s A&R Development Corp., are behind the project. In comments to the press earlier this year, Kravco Chairman Wayne Snyder explains that the group is eager “to get up and open and create the premier office-retail space in what is a wonderful location.”