metropolitanpartnership

metropolitanpartnership

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300 West Redwood Street

Redwood Campus Center

BALTIMORE, MD

Introduction – the Next Generation of Residential Campus Living
In January, Metropolitan purchased 300 West Redwood Street, a modern office building for conversion to 395 fully furnished, single occupancy apartments located on the campus of the University of Maryland Baltimore. The paradigm has changed in the COVID 19 generation of buildings. Single occupancy, fresh air distribution, increased air exchange
rate, filtration, UV treatment, increased elevator ratios and enhanced cleaning of common areas are now standard for campus living. By providing a complete retrofit of a modern building whose target market is graduate students and the UMB community, we will deliver the most advanced and innovatively engineered campus residential environment in Baltimore’s history, for initial occupancy commencing in academic year 2021. All utilities and high speed WiFi are included in the monthly rent and each apartment is designed for single occupancy or couples.
Each of the ten floors have individual and group study spaces. Laundry facilities are also provided on every floor and can be reserved for individual use, while in-unit laundry can be provided at the tenant’s option. The ground floor fitness center is designed and managed by the training team from the Under Armour Performance Center with gracious reciprocal privileges at the Under Armour Performance Center at 10 Light Street.
Of interest to our ownership is a strong relationship with all university graduate divisions and staff to promote a convenient, safe, highly engineered and amenity rich environment for graduate students and the university community at large. The only new multi-family product on campus to be offered in more than a decade, the fully furnished, all-inclusive rentals are specifically catered towards the needs of a busy student’s lifestyle. The completely safeguarded building, within two blocks of UMB, has integral secured parking for residents, with light rail, MARC and bus within easy walking distance. Parking is self contained and secured, and the study rooms on every floor are designed for distance learning if so required.

Safety 

Due to the close proximity and easy walking distance to all of the UMB graduate divisions, the  UM Medical Center, and the VA Medical Center, we are pursuing participation with the  University Police Department’s Safe Walk/Safe Ride program and would be interested in  providing space for a police substation with parking for duty vehicles.  

Hospitality Suites 

The design of the fully furnished units allows for the inclusion of hospitality suites for
accommodations for our residents’ guests, UMB guests, visiting family members, and related
parties. If it is of interest to UMB, the program can be expanded to include visiting professors,
extended stay students, exchange students, etc.

Health and Safety 

From its inception, the Project design and systems engineering has required the highest level  of safety and occupant environmental performance criteria in the Baltimore residential  community, specifically: 

1. All apartments are designed for single occupancy to provide social distancing.  

2. UVGI units (ultraviolet germicidal irradiation) are located in the supply air ducts for each  mechanical air handler throughout the building (4 UVGI’s per floor, every floor). 

3. In combination with UVGI, MERV 13 filters are located in each mechanical unit with  required interval replacement.  

4. Fresh outside air induction resulting in complete air changes on each floor at a rate of 5-7x  per hour, 24/7 are programmed. If necessary, the induction capacity for fresh outside air  can be further increased. 

5. Six elevators are available in the event of interval distancing.  

6. There are study rooms and business centers located on every floor that include high  speed WiFi and video monitors for remote learning and video-communications.  

Alexander Brown Restaurant

Baltimore, MD

Listed on the National Register of Historic Places, the oldest investment bank in America (built in 1901) located in the heart of Baltimore’s historic Financial District, was restored and converted to a 140-seat upscale restaurant by Metropolitan in a joint venture with the descendants of the Brown family. The restoration included the building’s original marble, oversized windows and Tiffany-style dome skylight. The project was the recipient of both State and Federal Tax Credits and completed in January 2019.

One Light Street

BALTIMORE, MD

Metropolitan first conceived of One Light Street as way to provide parking for its recently completed 419 apartments at 10 Light Street. After initial discussions with M&T Bank, and a subsequent pre-lease negotiated by Metropolitan, the project grew in scope to a 28-story structure that serves as the mid-Atlantic Headquarters for M&T Bank. The building, completed in 2017, also includes nine levels of parking, 280 apartments and ground-floor retail.

10 Light Street

BALTIMORE, MD

SOUTH ELEVATION PHOTO CROP

With the depth of experience gained from the Historic Preservation of 1101 Pennsylvania Avenue and the adaptive reuse of 259 Worth Avenue in the heart of the Palm Beach Historic District, Metropolitan purchased 10 Light Street in 2012 and will commence its Historic renovation and conversion to residential use. The 520,000 square foot, 34 story structure will be converted to 445 for-lease residences.

The building, currently known as The Bank of America Building, formerly the Baltimore Trust Company Building, is a 509 foot skyscraper located in the heart of Baltimore’s Historic Financial District, at the corner of East Redwood and Light Streets. It is the most architecturally signifiant building on the Baltimore skyline.  When completed in 1929, it was the tallest building in the state, and the tallest office building in the United States south of New York City.  The Art Deco building is fashioned from Indiana limestone and local brick over a steel frame. The building’s exterior is decorated with carved, Mayan Revival-style images and is capped with a copper and gold mansard roof. The ornate, four-story main colonnaded lobby is decorated with mosaic floors and historic murals depicting Baltimore’s history.
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Plans for the conversion of the building to residential use are being developed in conjunction with the Downtown Partnership of Baltimore, Baltimore Mayor Stephanie Rawlings-Blake, and the Baltimore Development Corporation.  For the last several months, these agencies have worked with the previous owner and the developer on plans for its sale and conversion to residential use.  It’s redevelopment will continue the strong residential growth pattern in the center of the historical financial district. The area, known as City Center, contains The 401, Baltimore’s fastest-growing residential neighborhood according to the 2010 U.S. Census. Housing demand research by Downtown Partnership, shows market demand for 5,800 new apartments in Downtown Baltimore over the next five years. The same neighborhood contains the highest concentration of office and employment uses in the city making for a dynamic walk to work environment fully supported by the retail of the Inner Harbor.
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Adding retail and hundreds of new residents to the City Center will bolster a 24-hour life and critical mass of people in this important section of Downtown. The building, at 34 stories, has unsurpassed views of the city skyline and the Inner Harbor.
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Other recent redevelopment efforts by the developer includes last year’s submission to the GSA to convert 1100 Pennsylvania Avenue (the historic Old Post Office) to a Waldorf Astoria hotel with a full compliment of destination retail on Pennsylvania Avenue in Washington, D.C.  Shortly thereafter, Metropolitan engaged the same preservation experts to formulate a redevelopment plan for conversion of Baltimore’s most iconic landmark, 10 Light Street, to residential and retail use.

info@metropolitanpartnership.com

Metropolitan Partnership, Ltd.

 703.442.9500.  10740 Parkridge Blvd. Suite 120. Reston, VA 20191.  ceuwer@metropolitanpartnership.com

Metropolitan Partnership, Ltd. is a U.S. development firm with principal operations in the Washington, D.C. metropolitan area and the Eastern U.S. It was formed in 1984. Among its projects are the historic Evening Star Building, Tysons International Plaza and Fairfax Square, all designed by David Childs, FAIA of Skidmore, Owings and Merrill as design principal.

After completing graduate programs at Cornell and Harvard in 1979, Cary Euwer joined the established and well respected development firm of Cabot, Cabot & Forbes in Boston, Massachusetts. With initial training on the completion of 60 State Street, Euwer then set up CC&F’s Washington, D.C. office to develop 1201 Pennsylvania Avenue. With the completion of this 427,000 square foot landmark, Euwer obtained the development rights to a prime block in Baltimore’s Inner Harbor. That development, known as 250 West Pratt Street, commenced construction of its 26 story tower in 1983.

With five years of valuable training and development of nearly a million square feet, Euwer founded Metropolitan Partnership, Ltd. in 1984. The initial projects in planning were 1101 Pennsylvania Avenue, Tyson’s International Plaza and Fairfax Square. Together, these projects totaled over one million square feet and were completed by 1991.

With the development of Fairfax Square which involved 150,000 square feet of high-end retail, Metropolitan forged relationships with a number of luxury retailers. These relationships led to developments from Florida to New York for clients such as Tiffany & Co., Hermes of Paris, Saks Fifth Avenue and Lacoste.

As Metropolitan’s expertise in retail grew, further opportunities followed. In 1998, Metropolitan was contracted to provide the development skill necessary for the retail repositioning of 1500 Broadway located in the heart of Times Square. The three year long project culminated in the five floor construction of the studios for ABC and the Disney Studio.

In 1998, Metropolitan formed a joint venture with Koll Development Company, the nation’s fifth largest office developer, to develop over 400,000 square feet of first class office space in Northern Virginia. As the nation’s strongest office market, these developments quickly pre-leased and became the corporate headquarters of XO Communications and Net2000.

Expanding on it’s retail relationships, Metropolitan developed a 900,000 sf open air center in Richmond, Virginia anchored by Target, Regal Cinemas and Golds Gym.

In 2011, Metropolitan joined with Hilton Worldwide link in response to the General Service Administration’s request for proposals to redevelop the Old Post Office at 1100 Pennsylvania Avenue, Washington D.C.  The Hilton-Metropolitan submission to the GSA includes Hilton’s iconic branding as a flagship Waldorf Astoria hotel joined by many of  Metropolitan’s retail relationships.

DEVELOPMENT SERVICES

In addition to wholly owned and joint venture properties, Metropolitan Partnership has contracted with other owners of real estate to advise and develop properties on a fee basis.

See PROJECTS to browse our portfolio.

RETAIL

See RETAIL to browse our retail projects.

CONSTRUCTION

Metropolitan has managed more than $300 million of new construction since 1984. We have represented the sole interests of the property owner in the construction of large commercial office buildings, office tenants, high end retail stores, even underground tank removal projects.

As the Construction Manager, we have started with a concept, built a team of architects, engineers, consultants, general contractor, testing & inspection companies, and managed large and small scale construction projects from beginning to end.

Consulting Services:

Development of Overall Construction Program and Budget, Development of Master Schedules, Tenant’s Construction Representative, Administer Lease Requirements, Cost Estimation, Value Engineering, Selection of Project Consultants, Engineers and Specialists, Review of Design, Professional Agreements, Coordination of Architect, Engineers and Other Design Professionals, Construction Contract Document Reviews, Review and Analyze Construction Plans for Accuracy, Obtain Building Permits, Bid Packaging and Organization, Coordinate Inspections By Architect and Engineer, Quality Control Inspection, On Site Monitoring and Observation, Coordination of Utility and Service Requirements, Project Accounting, Pre-Qualification and Selection of Contractors, Coordination of Owner’s Vendors, Suppliers and Subcontractors.

FAIRFAX CONTRACTORS

Some of the finest retailers in the world have selected The Fairfax Company, a wholly owned affiliate of Metropolitan, as their General Contractor. Clients such as Tiffany & Co., Louis Vuitton, Saks Fifth Avenue and Mark Cross demand the same level of service from a General Contractor that they are accustomed to providing to their own customers.

See FAIRFAX CONTRACTORS for more information.

ASSET MANAGEMENT

Having provided asset management for over 1.8 million square feet of commercial property, Metropolitan Partnership, Ltd. is keenly aware of the crucial importance of putting the goals and objectives of the Owner into reality. Because of this, Metropolitan is committed to conscientious planning and to optimizing the returns a property is capable of generating. While the chief focus of asset management is financial return of the property (both short and long term), asset management is also responsible for the integration of all leasing and marketing efforts toward achieving the return goals desired by the Owner.

Metropolitan’s asset management team is involved in all aspects of the performance of the on-site management and leasing team. Since the financial return of the property is directly related to the efforts of this team, Metropolitan periodically reviews and, if necessary, adjusts the efforts of the on-site team to assure optimum performance.. In addition, asset management is also concerned with legal and environmental concerns of owning real property. Whether the issue is Americans with Disabilities Act or CFC’s, Metropolitan will apprise the Owner of its responsibilities and ensure compliance in a cost effective manner.

With careful management and effective implementation, Metropolitan’s asset management service is able to not only preserve an Owner’s physical asset but also maximize the yield and enhance its value.

PROPERTY MANAGEMENT

Metropolitan Management, Inc. is a full service property management firm dedicated to providing both tenants and owners with comprehensive, professional services in financial and operational management. Formed in 1987, Metropolitan
Management has managed a portfolio of over 1.8 million square feet of office, retail and industrial properties. The company has successfully served the needs of such nationally known office and retail tenants as AT&T, Merrill Lynch, Ernst & Young, and Tiffany & Co.

Our reputation for successful tenant relations is based on anticipating, understanding and responding quickly to tenant requests. The beneficial result of Metropolitan Management’s comprehensive management services is not only tenant satisfaction and retention but also steady asset appreciation.

Services Provided: Metropolitan Management provides a full scope of property management services to fit its clients’ objectives. We can customize your needs to include Asset Management, Financial Management, Tenant Construction and Capital Improvement, Supervision, Mechanical Equipment Maintenance Administration, Security, and Facilities Management.

Development Services

In addition to wholly owned and joint venture properties, Metropolitan Partnership has contracted with other owners of real estate to advise and develop properties on a fee basis.

Visit our Retail, Urban, Suburban, Warehouse and Land Development Project pages to browse our portfolio.