This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Armada Hoffler Construction To Build Harbor Point Mixed-Use Tower

Stocks in this article: AHH

Armada Hoffler Properties, Inc. (NYSE: AHH), today announced that Harbor Point developer Beatty Development Group, LLC entered into a contract with Armada Hoffler Construction Company, a division of Armada Hoffler Properties, to commence construction of an approximately 900,000 square foot mixed-use tower in Baltimore, Maryland. This contract is the culmination of a two-year pre-development effort, subsequent to the award of the project.

The Harbor Point project will be a 20-story mixed-use development located on Baltimore’s waterfront adjacent to Harbor East. The project will include office, garage, residential apartment and retail components and is one of the last major development sites on Baltimore’s Inner Harbor. The building will become headquarters to Exelon’s Constellation business unit. Based in Chicago, Exelon is the nation’s leading competitive energy provider.

Construction is expected to start in the spring of 2014 with completion in the spring of 2016. In total, the construction contract is valued at $165 million.

Armada Hoffler Construction Company and Beatty Development Group have an established history of working with Baltimore City women- and minority-owned businesses. For Harbor Point, the firms are working in partnership to advance participation of city-certified minority- and women-owned business enterprises that will bring their experience and expertise to this transformational project.

Armada Hoffler Construction Company provides general contracting services to third-party clients and has operated continuously in the Baltimore Inner Harbor since 1993, constructing over $1 billion in projects. Signature properties previously constructed at the Inner Harbor by Armada Hoffler Construction Company include the Four Seasons Hotel, Baltimore Marriott Waterfront Hotel and Conference Center, Legg Mason Global Headquarters and Spinnaker Bay luxury apartments.

“The reputation and experience that we’ve earned in Baltimore’s Inner Harbor over the last two decades led to this important win,” said Eric Apperson, President of Armada Hoffler Construction Company. “We are excited to be a part of the Harbor Point project and the continued development of Baltimore’s Inner Harbor.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs