BALTIMORE (Feb. 25, 2015) – Beatty Development today announced that construction of Exelon’s Baltimore headquarters at Harbor Point is officially underway. The announcement was made during an event held this morning at the Harbor Point site and was celebrated by Baltimore City Mayor Stephanie Rawlings-Blake; Robert Greaves of the Environmental Protection Agency; Ben Grumbles, Acting Secretary of the Maryland Department of the Environment; Chris Crane, President and CEO of Exelon; Rick Kriva, Vice President of Global Real Estate for Honeywell International; Sharon Pinder, Director of the Mayor's Office of Minority and Women-Owned Business Development; Barnett Carroll, Jr., President of Aegis Mechanical Corporation; and Michael Beatty, President of Beatty Development. 

“Rising out of what was formerly a vacant, industrial brownfield; Harbor Point promises to be a vibrant and new transit-oriented and sustainable mixed-use development that provides a diversified mix of office, residential, and retail options for all city residents,” said Baltimore City Mayor Stephanie Rawlings-Blake.  “The City of Baltimore is experiencing a renaissance and Harbor Point is just one of many examples throughout the city of this new birth.”

With the official start of construction, Harbor Point is on its way to becoming Baltimore City’s newest neighborhood, comprised of 3 million square feet of mixed-use space on 27 acres.  Harbor Point will feature 1,000 apartment units, 200,000 square feet of retail space, 1.6 million square feet of office space, and thoughtfully designed public space, including 9.5 acres of waterfront parks and a promenade along the water’s edge.

“Harbor Point will be a neighborhood where pleasure and business mix on purpose, where employers will find employees who like coming to work, where green space is next to work space, where your commute is measured in blocks and mass transit is by foot and on bikes, and where the waterfront is your front yard,” said Beatty. 

Harbor Point will house Exelon’s Baltimore headquarters, including its Constellation business unit, which provides energy products and services to more than 2.5 million residential, public sector and business customers, including two-thirds of the Fortune 100. It also will feature a 24-hour energy trading floor.

“This state-of-the-art building represents Exelon’s commitment to be a partner in the continuing growth and development of Baltimore’s economy,” Crane said. “The way Exelon produces, delivers and manages energy is evolving as technology offers new ways to make energy more reliable, cleaner and efficient. Our employees who will work on this site are at the forefront of this transformation, and together we will make Maryland a leader in energy technology and innovation.”

Today’s event also featured Carroll, who owns and operates a minority business that will provide HVAC and plumbing construction over the coming months.  Mayor Rawlings-Blake, Mr. Carroll and Ms. Pinder focused on the business opportunities for Baltimore residents, including the 1,000 jobs created during construction, and they highlighted Beatty Development’s partnership with the Mayor’s Office of Minority and Women-Owned Business Development (WMBD) to advance participation of city-certified minority- and women-owned business enterprises.  

“Today, we broke ground at Harbor Point -- not just in the literal sense, but in the sense of what Harbor Point will bring to all of Baltimore’s businesses and residents, including those who are investing in our city because they believe that our city is growing, will continue to grow and want to be a part of that growth,” added Beatty. 

Over the past year, Beatty Development has been working on the foundation construction, including driving piles to support the new buildings. Utilizing proven construction procedures developed in coordination with the Environmental Protection Agency (EPA) and Maryland Department of the Environment (MDE), all work -- including air monitoring on-site and off-site -- was performed in compliance with and monitored by both agencies.   

“Honeywell is proud of an extraordinary vision that has become a reality.  Harbor Point’s ongoing transformation into an exciting neighborhood dedicated to job creation, smart growth, waterfront access and economic progress is the result of a committed team, a sustainable vision, sound planning, science-driven remediation and technical excellence. Harbor Point is now a national model of successful brownfield redevelopment,” said Rick Kriva, Vice President, Global Real Estate, Honeywell.

About Beatty Development Group

Founded in January 2013 by Michael S. Beatty, Beatty Development Group is a Baltimore City based mixed-use development firm. Previously operating as Harbor East Development Group, Michael and his team developed the Harbor East neighborhood, including 6 million square feet worth more than $1 billion, over the past decade. Beatty Development Group continues its dedication to smart development and specializes in creating contemporary, design-forward buildings in urban settings.