Ground Breaks on Waters Edge Condo Office Building

BELCAMP, MD-Ground has broken on the 100,000-sf office condominium structure at 4694 Millennium Dr., It is the third of four low-rise buildings that will ultimately make up the office segment of the $60 million, mixed-use Waters Edge Corporate Campus off Rte. 40. Manekin LLC, which is developing the 400,000-sf park along with Clark Turner Cos., is the general contractor on the project. It is scheduled to deliver next fall.

Waters Edge is located within close proximity to I-95 and near the Bush River in Suburban Baltimore. In addition to the four office structures, the campus will feature eight one-story retail/service buildings upon completion. Development of the five-story office facility that will sit at 4694 Millennium Dr. comes on the heels of the completion of the selling or leasing of all space in the first two class A office condo properties, the four-story, 80,000-sf 4690 Millennium Dr. and 4692 Millennium Dr.

“Because of the market’s enthusiastic acceptance of our first two mid-rise buildings, we have upped the ante on our third building, expanding to five stories and adding some high tech design elements,” says Manekin senior vice president and director of development Cole Schnorf. Manekin will serve as the property manager, and will also oversee leasing activities at the building, where space is presently being marketed for lease at $17.50 per sf.