Rental rates for hotel and premium spaces at Baltimore’s Harborplace redevelopment have been disclosed, providing new details about the project’s commercial offerings.
Details of Hotel Lease Agreement
The proposed lease for the hotel at Harborplace is set at $2.50 per square foot per year for the land, according to documents submitted to the city. This rate applies to the ground lease for the hotel parcel, which is planned to be developed as part of the larger Harborplace revitalization effort.
Premium Retail and Restaurant Space Pricing
Premium retail and restaurant spaces within the development are expected to command rents of $60 per square foot annually. This figure was outlined in the project’s financial documents, reflecting the anticipated market value for high-visibility locations within the complex.
Project Overview and Next Steps
The Harborplace redevelopment project aims to transform the Inner Harbor area with new commercial, hospitality, and public spaces. The disclosed rental rates are part of the ongoing planning and approval process, which includes city review and public input.
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