Offering Memorandum Sale / Lease / Joint Venture 210-214 N

OFFERING MEMORANDUM SALE / LEASE / JOINT VENTURE 210-214 N. Charles Street, Baltimore, Maryland 21201

Offered by: Timothy R. Hearn 410-458-3494 An historic skyscraper ready for redevelopment and prominently located in Baltimore’s landmark Charles Center Executive Summary

Artemis Commercial Real Estate Services, as exclusive broker to the Owner has been retained to solicit offers for sale, lease, and/or joint venture of the property located at 210-214 North Charles Street in Baltimore, Maryland. The offering represents an exceptional opportunity to acquire one of the finest architectural examples from the 19th century. Legally identified as Baltimore City Ward 4, Section 10, Block 601, Lot 4 containing 20,967+ SF of land area, this building is commonly referred to in the market as “The Fidelity Building” or “F&D Building” after the prior property owner and primary occupant, The Fidelity & Deposit Company of Maryland.

The Fidelity & Deposit Building is in the core of Baltimore City’s Central Business District and at the edge of Mt. Vernon Historic District, at the northwest corner of North Charles and Lexington Streets. The Property contains 230,700+ GSF in the main building and 20,950 GSF in the annex.

The Fidelity & Deposit Building is being offered at $6,000,000, in fee simple terms.

For Sale / For Lease / Joint Venture | 3 A prominent local firm composed of leading regional designers Ephraim Francis Baldwin and Josias Pennington (main “house architects” for stations and structures of the dominant Baltimore and Ohio Railroad) designed the building in Romanesque Revival style. Baldwin and Pennington used steel cage framing construction with a façade of grey, rough-cut granite, and a corner cupola tower and mansard roof.

The building, which originally contained eight floors, was completed in 1894 and was later the headquarters of the Fidelity and Deposit Company of Baltimore. Between 1912-1915, the Fidelity and Deposit Company arranged to add seven more floors to the top of the building, increasing the number of floors to fifteen. The upper stories were surfaced with terracotta, matching the style of the original architecture below. A three-story annex building on the north and west sides of the building was added in 1968.

4 | 210-214 N. Charles Street Offering Memorandum Photo by John W. Cahill For Sale / For Lease / Joint Venture | 5 6 | 210-214 N. Charles Street Offering Memorandum Property Profile

FOUNDATION AND The northern and western exterior The first floor lobby is finished STRUCTURAL SYSTEMS walls are finished with beige with polished granite flooring, brick. The penthouse structure marble veneer wall panels and Consists of masonry bearing is faced with painted stucco. a decorative vaulted ceiling. walls and interior steel columns Lintels and windowsills are supported on reinforced concrete granite except for the penthouse spread footings. The main building Building interior has been fully structure where they are wood. and annex below-grade structure demolished to shell condition. consist of a pre-cast concrete slab on-grade with perimeter The annex building’s exterior The main building has four concrete and stone foundation walls consist of limestone panel (4) vaults located on the first walls. The framing system of the veneer with a polished granite floor and lower levels. eight-story addition is structural base on the north wall on the steel. The structural steel lower floors and an anodized framework is typically encased aluminum tube screen wall on the IMPROVEMENTS in concrete for fire protection. top floor, obscuring the cooling The original single-pane The elevated floors are concrete towers. The south and west wooden windows were replaced slab, finished with terrazzo. facades consist of being brick with double-pane aluminum topped with a stripe of limestone windows circa 1989 on all panels below the screen wall. floors except the penthouse. EXTERIOR The exterior has been cleaned The building’s exterior envelope INTERIOR consists of three façade systems and was re-pointed in 2007 to that are supported by the The main building’s entrance from restore its original beauty. The building’s structural frame. The Charles Street provides access building’s main entrance on southern and eastern exterior to the first floor central atrium Charles Street is improved in walls fronting N. Charles Street lobby. The first floor, which is decorative granite and features along the lower eight floors at grade, also contains street one set of double leaf glass doors feature decorative granite façade level retail and mercantile tenant framed by two single leaf glass and the upper eight floors are spaces. Located just off the lobby doors. The office entrance at clad with decorative terracotta are five (5) passenger elevators the southeastern corner of the stones to match the existing and one (1) freight elevator. building consists of a revolving granite finish. Ionic and Corinthian Passenger elevator doors and door that has been converted pilasters are used extensively at frames have brass finish which has into a single leaf glass door and window openings and entrances. been painted on many floors. In fixed leaf door. The entrance into A modified Palladian motif is addition, an open central stairwell the annex is a single leaf glass used on the fifth story windows. provides access to all levels. door with aluminum framing.

For Sale / For Lease / Joint Venture | 7 Originally structured an eight- story building, eight additional upper stories were added in 1912.

210 NORTH CHARLES STREET FLOOR GROSS AREA SF Basement 7,000

Basement Mezzanine 7,500

Central Mezzanine 1,800

First Floor 15,600

First Floor Mezzanine 7,800

Second Floor 14,800

Third Floor 13,200

Fourth Floor 13,200

Fifth Floor 13,200

Sixth Floor 13,200

Seventh Floor 13,200

Eighth Floor 13,200

Ninth Floor 13,200

Tenth Floor 13,200

Eleventh Floor 13,200

Twelvth Floor 13,200

Thirteenth Floor 13,200

Fourteenth Floor 13,200

Fifteenth Floor 13,200

Sixteenth Floor 6,200

TOTAL 232,300 SF

8 | 210-214 N. Charles Street Offering Memorandum 214 NORTH CHARLES STREET A three-story annex building on FLOOR GROSS AREA SF the north and west sides of the Basement 6,000 Mezzanine 3,100 building was added in 1968. First Floor 3,800 Second Floor 5,350 Machine Room 2,700

TOTAL 20,950 SF

For Sale / For Lease / Joint Venture | 9 Site Plans + Floor Plans

Block Plat

10 | 210-214 N. Charles Street Offering Memorandum Alta Survey

For Sale / For Lease / Joint Venture | 11 1st Floor

1st Floor Mezzanine

12 | 210-214 N. Charles Street Offering Memorandum 2nd Floor

3rd Floor

For Sale / For Lease / Joint Venture | 13 10th Floor

16th Floor

14 | 210-214 N. Charles Street Offering Memorandum Annex 1st Floor Annex 2nd Floor

Annex Basement Annex Mezzanine

For Sale / For Lease / Joint Venture | 15 Location Overview

TS LA

W MULBERRY ST

T S S E L R A H C N

TS LUAP TS TS LUAP TS

T S T R EV L A C N W SARATOGA ST

ST LEXINGTON ST

LIB

TS DRA W O H N F A Y E T T E S T

BALTIMORE ST

AMENITIES RESTAURANTSR E D W & O O CAFÉS D S T The Fidelity Building is at the core of the B&O Brasserie, Café Poupon, Cazbar, Coffee-Land, DavidEV A D R O FLIU G burgeoning renaissance happening in & Dad’s Café, Dunkin Donuts, EATS at Charles Plaza, Homeslyce, Java Joe’s, Mick O’Sheas, Pho Viet, Potbelly Downtown. Unbelievable conversion projects Sandwich Shop, Puerto 511, Subway, Thai Mekong and countless restaurants add to the excitement and accessibility of Charles Center. RETAILE LOMBARD ST S Center Plaza is a hidden oasis with expansive 7-Eleven, Bank of America, BB&T, Dry Clean Express, green space and outdoor seating. This popular FedEx Office Print & Ship Center, Lexington Florist, year-round outdoor community space hosts Streets Market & Café, Urban Cellars, Walgreens craft markets, live music and Downtown Partnership of Baltimore events like Pints in the Park, free yoga classes and live music.

16 | 210-214 N. Charles Street Offering Memorandum Demographics

Citation: U.S. Census Bureau (2018). American Community Survey 5-year estimates. Retrieved from Census Reporter Profile page for 21201

Population by Age Range

17% 16% 35.5 Under 18 Median Age 12% 12% 18-64 11% 11% 11% 65+

3% 602,495 Baltimore City Population

Type of Structure Occupancy Ownership

Multi Unit Vacant Renter Single Unit Occupied Owner

Household Income $31,433 $51,000 Married Per Capita Income Median Household Income Couples 36% Non-family 27% 49%

27.50% Female 30% 17.50% Male 7% 6%

For Sale / For Lease / Joint Venture | 17 Appendix

18 | 210-214 N. Charles Street Offering Memorandum Downtown Baltimore Development Report 2017–2019

DOWNTOWN PARTNERSHIP OF BALTIMORE

For Sale / For Lease / Joint Venture | 19 Station North

Upton

DOWNTOWN BALTIMORE

W D M CHARLES CENTER DEVELOPMENT A I 6 6 6 T CHARLES 6 CENTER 6 6 6

6 St President 6 6 arb

Appraiser’s Building Pho Viet Franklin Loft s Pitamore—Light Street 400 E. Pratt retail bump out Alexander Brown Restaurant Howard Row Pitamore—Greene Street Bunti ng Center at Mercy Blackwall Hitch L on Liberty 6 Poets Modern Cocktails & Eats Howard Crossing Bon Fresco The Lenore Poke Bowl Leadership School Brown Rice M on Madison Poke World/Utepia Tea for Young Women Bunzz Sport Bar & Grill Mulberry & Park Potbelly Merchants Club 6 Cafe Poupon Paca House Puerto 511 6 One Light Chez Hugo arbo Saratoga Loft s R&R Taqueria The QG Department Store Chick Fil A 6 University Loft s Red Boat—Charles Street Real News Network Building Chicken Rico The Vault Red Boat—Eutaw Street Spark Baltimore Chipotle Refocused Vegan (co-working space) The CIVIL R o ti tt os Streets Market & Cafe Connie’s Chicken & Waﬄ es 6 Shake Shack The Daily Special Starbucks—Embassy Suites Dunkin Donuts Candlewood Suites Starbucks—Light Street Filicori Zecchini Deltatterbei by Marriott Starbucks—E. Pratt Street 6 Forno 2 Hopkins Plaza Hampton Inn Starbucks—W. Pratt Street Homeslyce arbo 10 Light Hilton Garden Inn TellTale Ida B’s Table 10 N. Calvert Home 2 Suites Thai Mekong IHOP 26 S. Calvert 6 Hotel RL Tin Roof Jack & Zach 210 E. Redwood La Quinta Kora Lee’s Dessert Café 6 225 N. Calvert Staybridge Suites CONVERSIONS & DENSITY La Calle 300 Cathedral LB Bakery 300 St. Paul AS A NEIGHBORHOOD, Charles Center is often overlooked LB in Tavern the storyline about CourthouseBaltimore’s Plaza 301 N. Charles Miss Carter’s Kitchen Hopkins Plaza 311–313 W. Balti more development as newer, high visibility developments in Harbor 6 Mt. East, Vernon Harbor Marketplace Point, and PortMcKeldin Covington Square 330 N. Charles Everyman Theatre Nalley Fresh Preston Gardens draw deserved 334 N. attention. Charles Charles Center still leads in employment density and boasts the city’s Chesapeake Shakespeare Nando’s Peri Peri 414 Light Downtown Cultural Next Phaze Café fastest-growing 500 Park residential Avenue Census Tract. And, quietly, over the past 15 years, has been home to more Arts Center Ono Poke 520 Park Avenue than 68 major development projects, Le including Mondo the new mixed-use Panera tower at One Light. 6 521 St. Paul Maryland Art Place Pappas Sports Bar

/DowntownBaltimore t @DowntownBalt | 6 DOWNTOWN20 | 210-214 BALTIMOREN. @DowntownBaltimoreCharles Street DEVELOPMENT Offering MemorandumREPORT#ProudlyBaltimore GoDowntownBaltimore.com

Westport Station Station North North

Upton DowntownUpton Management Authority Boundaries Bolton Hill

State Center DOWNTOWN BALTIMORE Johnston Square

W D M A I Heritage 6 6 6 Cro ssing T Development Map 6 14 6 Bromo District 6 6 20 16 4

Popplet on 6 St President 17 Guilford Ave 6 19 1 2 Charles Center 15 Upper 6 12 Fells 10 arb 22

13 3 8 9 11 President St President Appraiser’s Building Pho Viet 6 Franklin Loft s Pitamore—Light Street 400 E. Pratt retail bump out Alexander Brown Restaurant Howard Row Pitamore—Greene Street 5 Bunti ng Center at Mercy Blackwall Hitch L on Liberty 6 Poets Modern Cocktails & Eats Howard Crossing Hollins Bon Fresco 18 The Lenore Poke Bowl Leadership School Brown Rice M on Madison Poke World/Utepia Tea for Young Women Market Bunzz Sport Bar & Grill Mulberry & Park Potbelly Merchants Club 6 Cafe Poupon 7 Paca House Puerto 511 6 One Light Chez Hugo arbo Saratoga Loft s R&R Taqueria The QG Department Store Chick Fil A 6 University Loft s Red Boat—Charles Street Real News Network Building Chicken Rico The Vault Red Boat—Eutaw Street Spark Baltimore Chipotle Refocused Vegan (co-working space) The CIVIL R o ti tt os Streets Market & Cafe Connie’s Chicken & Waﬄ es 6 Shake Shack The Daily Special Starbucks—Embassy Suites Dunkin Donuts Candlewood Suites Starbucks—Light Street Inner Filicori Zecchini Deltatterbei by Marriott Starbucks—E. Pratt Street Harbor 6 Forno 2 Hopkins Plaza Hampton Inn Starbucks—W. Pratt Street Homeslyce arbo 10 Light Hilton Garden Inn TellTale Ida B’s Table 10 N. Calvert Home 2 Suites Thai Mekong IHOP 26 S. Calvert 6 Hotel RL Tin Roof Jack & Zach 210 E. Redwood La Quinta Kora Lee’s Dessert Café Fells Point 6 225 N. Calvert Staybridge Suites La Calle NAMED AFTER the large scale development project in the 1950’s led by James Rouse, 300 Cathedral LB Bakery 300 St. Paul LB Tavern Courthouse Plaza Charles Center has been most often been referred to as the Central Business District or 301 N. Charles Pigtown/ Miss Carter’s Kitchen Hopkins Plaza Harbor 311–313 W. Balti more simply, Downtown. However, Downtown is a much larger geographic region made up of 6 Mt. Vernon Marketplace McKeldin Square 330 N. Charles Washington East Everyman Theatre Nalley Fresh Preston Gardens individual neighborhoods whose names reflect their personality or history. The residents, 334 N. Charles Chesapeake Shakespeare Nando’s Peri Peri 414 Light Vill age Downtown Cultural Next Phaze Café businesses, and community call this neighborhood Charles Center, and you should too. 500 Park Avenue Arts Center Ono Poke 520 Park Avenue Le Mondo Panera 6 521 St. Paul Maryland Art Place Pappas Sports Bar

Otterbein Harbor /DowntownBaltimore t @DowntownBalt @DowntownBaltimore #ProudlyBaltimore | Point GoDowntownBaltimore.com DOWNTOWNFor SaleBALTIMORE / For Lease DEVELOPMENT / Joint Venture REPORT | 21 7 Federal Sharp- Hill Leadenhall

Westport

Port Covington Locust Point

Westport Station North

Upton

DOWNTOWN BALTIMORE

W D M CHARLES CENTER DEVELOPMENT A I 6 6 COMPLETED PROJECTS 6 T 1 2 11 E. Saratoga Street 225 N. Calvert Apartments 11 E. SARATOGA STREET 225 N. CALVERT STREET Investment Amount: Investment Amount: Declined to Disclose $75,000,000 Phase Type: Completed Phase Type: Completed 6 Phase Year: 2017 Phase Year: 2018 6 Housing Rental Units: 20 Housing Rental Units: 6 Developer: 346 11 E. Saratoga Street LLC Parking Spaces: 440 (Baltimore,6 MD) Retail Square Footage: Architect: 9,535 Graver Architects 6 Developer:

(Baltimore, MD) St President Monument Realty Contractor: 6 (Washington, DC) 11 E. Saratoga Street LLC Architect: (Baltimore, MD) Hord Coplan Macht, Inc. (Baltimore, MD) Contractor: James G. Davis Construction 6Corp. (Rockville, MD) arb

Appraiser’s Building Pho Viet Franklin Loft s Pitamore—Light Street 400 E. Pratt retail bump out Alexander Brown Restaurant Howard Row Pitamore—Greene Street Bunti ng Center at Mercy Blackwall Hitch L on Liberty 6 Poets Modern Cocktails & Eats Howard Crossing Bon Fresco The Lenore Poke Bowl Leadership School Brown Rice M on Madison Poke World/Utepia Tea for Young Women Bunzz Sport Bar & Grill 3 Mulberry & Park 4 Potbelly 2 Hopkins Merchants Club 300 6 CafeSt. Poupon Paul Street Paca House Puerto 511 6 One Light Chez Hugo arbo 2 HOPKINS PLAZA Saratoga Loft s 300 ST. PAUL STREET R&R Taqueria The QG Department Store Chick Fil A 6 University Loft s Red Boat—Charles Street Real News Network Building Chicken Rico The Vault Red Boat—Eutaw Street Spark Baltimore Chipotle Refocused Vegan (co-working space) Investment Amount: The CIVIL Investment Amount: R o ti tt os Streets Market & Cafe Declined to Disclose Connie’s Chicken & Waﬄ es Declined to Disclose 6 Shake Shack The Daily Special Phase Type: Completed Phase Type: Starbucks—Embassy Completed Suites Dunkin Donuts Candlewood Suites Starbucks—Light Street Phase Year: 2017 Filicori Zecchini Phase Year: 2018 Deltatterbei by Marriott Starbucks—E. Pratt Street 6 Forno 2 Hopkins Plaza Housing Rental Hampton Units: Inn 182 Housing Starbucks—W.Rental Units: Pratt 278 Street Homeslyce arbo 10 Light Hilton Garden Inn TellTale Office Square Footage: Ida B’s Table Retail Square Footage: 10 N. Calvert Home 2 Suites Thai Mekong 143,000 IHOP 2,697 26 S. Calvert 6 Hotel RL Tin Roof Jack & Zach 210 E. Redwood Parking Spaces: La Quinta330 Developer: Kora Lee’s Dessert Café 6 225 N. Calvert Staybridge Suites PMC Property Group Retail Square Footage: La Calle 300 Cathedral (Baltimore, MD) 26,000 LB Bakery 300 St. Paul LB Tavern Contractor: Courthouse Plaza 301 N. Charles Developer: Miss Carter’s Kitchen PMC Property Hopkins Group Plaza 311–313 W. Balti moreBerman Enterprises 6 Mt. Vernon Marketplace (Baltimore, McKeldin MD) Square 330 N. Charles (Rockville, MD) Everyman Theatre Nalley Fresh Preston Gardens 334 N. Charles Architect: Architect: Chesapeake Shakespeare Nando’s Peri Peri 414 Light STRATA Architects BCT Architects Downtown Cultural Next Phaze Café 500 Park Avenue (New York, NY) (Baltimore, MD)Arts Center Ono Poke 520 Park Avenue Le Mondo Contractor: Panera 6 521 St. Paul Maryland Art Place Berman Enterprises Pappas Sports Bar (Rockville, MD)

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Westport Station North

Upton

DOWNTOWN BALTIMORE

W D M A I 6 6 6 T 5 6 Cigar Factory Lofts Totman Building 21 S. CALVERT STREET 208 E. REDWOOD STREET Investment Amount: Investment Amount: $1,000,000 $3,950,000 Phase Type: 6 Phase Type: Completed Completed 6 Phase Year: 2018 Phase Year: Housing Rental Units: 20 6 2017 Housing Rental Units: 6 Developer: Trademark Properties 6 Retail Square Footage: (Fulton, MD) 1,200

6 Developer: St President 21 S. Calvert LLC 6 (Baltimore, MD) Contractor: Edgemont Builders (Baltimore, MD) Architect: SETO Architects 6 (Baltimore, MD) arb

Appraiser’s Building Pho Viet Franklin Loft s Pitamore—Light Street 400 E. Pratt retail bump out Alexander Brown Restaurant Howard Row Pitamore—Greene Street Bunti ng Center at Mercy Blackwall Hitch L on Liberty 6 Poets Modern Cocktails & Eats Howard Crossing Bon Fresco The Lenore Poke Bowl Leadership School Brown Rice M on Madison Poke World/Utepia Tea for Young Women Bunzz Sport Bar & Grill Mulberry & Park Potbelly Merchants Club 6 Cafe Poupon 7 8 Paca House Puerto 511 The Appraiser’s Building Marriott Delta Hotel 6 One Light Chez Hugo arbo Saratoga Loft s R&R Taqueria The QG Department Store Chick Fil A 103 S. GAY STREET 1 E. REDWOOD STREET 6 University Loft s Red Boat—Charles Street Real News Network Building Chicken Rico The Vault Red Boat—Eutaw Street Spark Baltimore Chipotle Refocused Vegan (co-working space) The CIVIL R o ti tt os Investment Amount: Investment Amount: Streets Market & Cafe Connie’s Chicken & Waﬄ es 6 Shake Shack Declined to Disclose $25,000,000 The Daily Special Starbucks—Embassy Suites Dunkin Donuts Phase Type: Completed Phase Type: Completed Candlewood Suites Starbucks—Light Street Filicori Zecchini Deltatterbei by Marriott Starbucks—E. Pratt Street Phase Year: 2017 Phase Year: 2017 6 Forno 2 Hopkins Plaza Hampton Inn Starbucks—W. Pratt Street Homeslyce Market Ratearbo Rental Units: Hotel Rooms: 150 10 Light Hilton Garden Inn TellTale Ida B’s Table 137 10 N. Calvert Home 2 Suites Thai Mekong Retail Square Footage: IHOP 26 S. Calvert 6 Hotel RL Tin Roof Developer: 5,000 Jack & Zach 210 E. Redwood La Quinta PMC Property Group Kora Lee’s Dessert Café Developer: 6 225 N. Calvert Staybridge Suites (Baltimore, MD) La Calle Tran Group (New York, NY) 300 Cathedral LB Bakery 300 St. Paul Contractor: LB Tavern Courthouse Plaza 301 N. Charles Arc Construction Services, Miss Carter’s Kitchen Hopkins Plaza 311–313 W. Balti more Inc. (Baltimore, MD) 6 Mt. Vernon Marketplace McKeldin Square 330 N. Charles Everyman Theatre Nalley Fresh Preston Gardens Architect: 334 N. Charles Chesapeake Shakespeare Nando’s Peri Peri Aurora Architects 414 Light Downtown Cultural Next Phaze Café (Ashburn, VA) 500 Park Avenue Arts Center Ono Poke 520 Park Avenue Le Mondo Panera 6 521 St. Paul Maryland Art Place Pappas Sports Bar

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Westport Station North

Upton

DOWNTOWN BALTIMORE

W D M CHARLES CENTER DEVELOPMENT A I 6 6 6 COMPLETED PROJECTS T 9 One Light Street 5–11 LIGHT STREET & 105–115 E. BALTIMORE STREET Investment Amount: $175,000,000 6 Phase Type: Completed 6 Phase Year: 2018 6 Housing Rental Units: 280 Office Square Footage: 6 281,000 Parking Spaces: 646

6 Retail Square Footage: St President 10,700 6 Developer: Madison Marquette (Washington, D.C.) and Metropolitan Partnership Ltd. (Reston, VA) Contractor:6 URS/AECOM (Washington,arb DC) Architect: URS/AECOM (Washington, DC) Appraiser’s Building Pho Viet Franklin Loft s Pitamore—Light Street 400 E. Pratt retail bump out Alexander Brown Restaurant Howard Row Pitamore—Greene Street Bunti ng Center at Mercy Blackwall Hitch L on Liberty 6 Poets Modern Cocktails & Eats Howard Crossing Bon Fresco The Lenore Poke Bowl Leadership School Brown Rice M on Madison Poke World/Utepia Tea 10 for Young Women Bunzz Sport Bar & Grill Mulberry & Park 11 Potbelly Crowne Merchants Plaza Club Hotel Staybridge 6 Cafe Poupon Suites Hotel Paca House Puerto 511 101 W. FAYETTE 6 One STREET Light Chez Hugo arbo Saratoga Loft s 17 COMMERCE STREET R&R Taqueria The QG Department Store Chick Fil A 6 University Loft s Red Boat—Charles Street Real News Network Building Chicken Rico The Vault Red Boat—Eutaw Street Spark Baltimore Chipotle Refocused Vegan (co-working space) Investment: The CIVIL Investment Amount: R o ti tt os Streets Market & Cafe $20,000,000 Connie’s Chicken & Waﬄ es $18,000,000 6 Shake Shack The Daily Special Phase Type: Completed Phase Type: Starbucks—Embassy Completed Suites Dunkin Donuts Candlewood Suites Starbucks—Light Street Phase Year: 2018 Filicori Zecchini Phase Year: 2017 Deltatterbei by Marriott Starbucks—E. Pratt Street 385 6 Forno 101 2 Hopkins Plaza Hotel Rooms: Hampton Inn Hotel Rooms: Starbucks—W. Pratt Street Homeslyce arbo 10 Light Hilton Garden Inn TellTale Developer: Ida B’s Table Developer: 10 N. Calvert Home 2 Suites Thai Mekong McSam Hotel Group IHOP Tanis Hospitality 26 S. Calvert 6 Hotel RL Tin Roof (Great Neck, NY) Jack & Zach Management, LLC 210 E. Redwood La Quinta Kora Lee’s Dessert Café (Baltimore, MD) 6 225 N. Calvert Staybridge Suites La Calle 300 Cathedral Contractor: LB Bakery 300 St. Paul SC3 Construction Company LB Tavern Courthouse Plaza 301 N. Charles (Alexandria, VA) Miss Carter’s Kitchen Hopkins Plaza 311–313 W. Balti more 6 Mt. Vernon Marketplace Architect: McKeldin Square 330 N. Charles Everyman Theatre Nalley Fresh Kann Partners Preston Gardens 334 N. Charles Chesapeake Shakespeare Nando’s Peri Peri (Baltimore, MD) 414 Light Downtown Cultural Next Phaze Café 500 Park Avenue Arts Center Ono Poke 520 Park Avenue Le Mondo Panera 6 521 St. Paul Maryland Art Place Pappas Sports Bar

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Westport Station North

Upton

DOWNTOWN BALTIMORE

W D M A I 6 6 6 T 12 13 Candlewood Suites 405 W. Redwood 101 N. CHARLES STREET 405 W. REDWOOD ST Investment Amount: Investment Amount: $14,000,000 Decline to disclose Phase Year: 2019 Phase Type: Completed 6 6 Hotel Rooms: 102 Phase Year: 2019 Retail Square Feet: 1,500 Housing Rental Units: 35 6 Developer: Developer: Sunset Hotel Group David S. Brown Enterprises 6 (Edgewood, MD) (Owings Mills, MD) Contractor:

6 SC3 Construction St President (Harrisburg, PA) 6 6 arb

Appraiser’s Building Pho Viet Franklin Loft s Pitamore—Light Street 400 E. Pratt retail bump out Alexander Brown Restaurant Howard Row Pitamore—Greene Street Bunti ng Center at Mercy Blackwall Hitch L on Liberty 6 Poets Modern Cocktails & Eats Howard Crossing Bon Fresco The Lenore Poke Bowl Leadership School Brown Rice M on Madison Poke World/Utepia Tea for Young Women Bunzz Sport Bar & Grill Mulberry & Park Potbelly Merchants Club 6 Cafe Poupon 14 15 Paca House Puerto 511 The Courtland Baltimore Loft Apartments 6 One Light Chez Hugo arbo Saratoga Loft s R&R Taqueria The QG Department Store Chick Fil A 415 SAINT PAUL PLACE 8–12 E. FAYETTE STREET 6 University Loft s Red Boat—Charles Street Real News Network Building Chicken Rico The Vault Red Boat—Eutaw Street Spark Baltimore Chipotle Refocused Vegan (co-working space) The CIVIL R o ti tt os Investment Amount: Investment Amount: Streets Market & Cafe Connie’s Chicken & Waﬄ es 6 Shake Shack Decline to disclose Declined to disclose The Daily Special Starbucks—Embassy Suites Dunkin Donuts Phase Type: Completed Phase Type: Completed Candlewood Suites Starbucks—Light Street Filicori Zecchini Deltatterbei by Marriott Starbucks—E. Pratt Street Housing Rental Units: 15 Phase Year: 2017 6 Forno 2 Hopkins Plaza Hampton Inn Starbucks—W. Pratt Street Homeslyce Phase Year:arbo 2019 Housing Rental Units: 20 10 Light Hilton Garden Inn TellTale Ida B’s Table 10 N. Calvert Home 2 Suites Thai Mekong Developer: Developer: IHOP 26 S. Calvert 6 Hotel RL Tin Roof Chasen Construction Cambridge Holdings, LLC Jack & Zach 210 E. Redwood La Quinta & Development (Herndon, VA) Kora Lee’s Dessert Café 6 225 N. Calvert Staybridge Suites (Baltimore, MD) La Calle 300 Cathedral and Stanton Park LB Bakery 300 St. Paul Development LB Tavern Courthouse Plaza 301 N. Charles (Washington, DC) Miss Carter’s Kitchen Hopkins Plaza 311–313 W. Balti more 6 Mt. Vernon Marketplace McKeldin Square 330 N. Charles Everyman Theatre Nalley Fresh Preston Gardens 334 N. Charles Chesapeake Shakespeare Nando’s Peri Peri 414 Light Downtown Cultural Next Phaze Café 500 Park Avenue Arts Center Ono Poke 520 Park Avenue Le Mondo Panera 6 521 St. Paul Maryland Art Place Pappas Sports Bar

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Westport Station North

Upton

DOWNTOWN BALTIMORE

W D M CHARLES CENTER DEVELOPMENT A I 6 6 6 COMPLETED PROJECTS T 16 Preston Gardens Improvements ST. PAUL STREET BETWEEN CENTRE & SARATOGA STREETS Investment Amount: $6,400,000 6 Phase Type: Completed 6 Phase Year: 2018 6 Developer: City of Baltimore and 6 Downtown Partnership of Baltimore

6 Contractor: St President Monumental Paving (Baltimore, MD) 6 Architect: Mahan Rykiel (Baltimore, MD) and Floura Teeter (Baltimore, MD) 6 arb

Appraiser’s Building Pho Viet Franklin Loft s Pitamore—Light Street 400 E. Pratt retail bump out Alexander Brown Restaurant Howard Row Pitamore—Greene Street Bunti ng Center at Mercy Blackwall Hitch L on Liberty 6 Poets Modern Cocktails & Eats Howard Crossing Bon Fresco The Lenore Poke Bowl Leadership School Brown Rice 17 M on Madison L on Liberty Poke World/Utepia Tea for Young Women Bunzz Sport Bar & Grill Mulberry & Park Potbelly Merchants Club 6 Cafe Poupon 105–107 CLAY STREET Paca House Puerto 511 6 One Light Chez Hugo arbo Saratoga Loft s & 208–216 N. LIBERTY R&R Taqueria STREET The QG Department Store Chick Fil A 6 University Loft s Red Boat—Charles Street Real News Network Building Chicken Rico The Vault Red Boat—Eutaw Street Spark Baltimore Chipotle Investment Amount: Refocused Vegan (co-working space) The CIVIL $17,000,000 R o ti tt os Streets Market & Cafe Connie’s Chicken & Waﬄ es Phase Type: 6 Shake Shack The Daily Special Completed Starbucks—Embassy Suites Dunkin Donuts Candlewood Suites Starbucks—Light Street Filicori ZecchiniPhase Year: Deltatterbei by Marriott Starbucks—E. Pratt Street 6 Forno 2019 2 Hopkins Plaza Hampton Inn Starbucks—W. Pratt Street Homeslyce arbo 10 Light Hilton Garden Inn TellTale Ida B’s Table Affordable Housing Units: 10 N. Calvert Home 2 Suites Thai Mekong IHOP 71 26 S. Calvert 6 Hotel RL Tin Roof Jack & Zach Developer: 210 E. Redwood La Quinta Kora Lee’s DessertHTA Café Development, LLC 6 225 N. Calvert Staybridge Suites La Calle 300 Cathedral (Columbia, MD) LB Bakery 300 St. Paul LB Tavern Contractor: Courthouse Plaza 301 N. Charles Miss Carter’s KitchenHamel Builders Hopkins Plaza 311–313 W. Balti more 6 Mt. Vernon Marketplace(Elkridge, MD) McKeldin Square 330 N. Charles Everyman Theatre Nalley Fresh Preston Gardens 334 N. Charles Architect: Chesapeake Shakespeare Nando’s Peri Peri 414 Light Peter Fillat Architects Downtown Cultural Next Phaze Café 500 Park Avenue (Baltimore, MD) Arts Center Ono Poke 520 Park Avenue Le Mondo Panera 6 521 St. Paul Maryland Art Place Pappas Sports Bar

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Westport Station North

Upton

DOWNTOWN BALTIMORE

W D M A I 6 6 6 UNDER CONSTRUCTION T 18 19 20 Hilton Garden Inn Peale Center for Browns Arcade 25 S. CALVERT STREET 322 N. CHARLES STREET Baltimore History and Architecture 225 N. HOLLIDAY STREET Investment Investment Investment: 6 Amount: Amount: Declined to 6 $24,000,000 $5,000,000 disclose Phase Type: Phase Type: Phase: Under 6 Under Under construction Construction Construction Phase Year: 2020 6 Phase Year: 2020 Phase Year: 2021 Developer: Hotel Rooms: 151 Cultural Square GL Capital

6 Footage: 8,400 (Columbia, MD) Developer:St President All Star Hotels, Office Square Contractor: 6 LLC Footage: 1,600 Elite Construction (New York, NY) Retail Square Footage: 700 (Baltimore, MD) Contractor: Developer: Armada Hoffler The Peale Center for Baltimore History (Baltimore, MD) and Architecture 6 Architect: Contractor: Ruff Roofers, Inc. Gordon and Greenberg (Baltimore, MD) (Baltimore, MD) arb Architect: SMP Architects (Baltimore, MD)

Appraiser’s Building Pho Viet Franklin Loft s Pitamore—Light Street 400 E. Pratt retail bump out Alexander Brown Restaurant Howard Row Pitamore—Greene Street Bunti ng Center at Mercy Blackwall Hitch L on Liberty 6 Poets Modern Cocktails & Eats Howard Crossing Bon Fresco The Lenore Poke Bowl Leadership School Brown Rice M on Madison Poke World/Utepia Tea for Young Women Bunzz Sport Bar & Grill Mulberry & Park Potbelly Merchants Club 6 Cafe Poupon Paca House Puerto 511 PLANNING 6 One Light Chez Hugo arbo Saratoga Loft s R&R Taqueria The QG Department Store Chick Fil A 6 University Loft s Red Boat—Charles Street Real News Network Building Chicken Rico The Vault Red Boat—Eutaw Street INVESTMENT Spark Baltimore Chipotle NAME CONTRACTOR DEVELOPER Refocused Vegan AMOUNT (co-working space) The CIVIL R o ti tt os Streets Market & Cafe Connie’s Chicken & Waﬄ es 6 Shake Shack The Daily Special Starbucks—Embassy22 220 Suites W. Baltimore Street Dunkin Donuts $2,200,000 TBD TBD Candlewood Suites Starbucks—Light Street220 W. BALTIMORE STREET Filicori Zecchini Deltatterbei by Marriott Starbucks—E. Pratt Street 6 Forno 2 Hopkins Plaza Hampton Inn Starbucks—W. Pratt Street Homeslyce arbo 10 Light Hilton Garden Inn TellTale Ida B’s Table 10 N. Calvert Home 2 Suites Thai Mekong IHOP 26 S. Calvert 6 Hotel RL Tin Roof Jack & Zach CHARLES CENTER, one of the oldest neighborhoods in Baltimore, 210 E. Redwood La Quinta Kora Lee’s Dessert Café 6 225 N. Calvert Staybridge Suites is being completely remade thanks to 68 major developments La Calle 300 Cathedral LB Bakery 300 St. Paul over the past fifteen years. This is an unparalleled rate of LB Tavern Courthouse Plaza 301 N. Charles Miss Carter’s Kitchen Hopkins Plazaactivity helped, in no small part, by the apartment tax credit 311–313 W. Balti more 6 Mt. Vernon Marketplace McKeldin Square 330 N. Charles program that resulted from our Downtown Housing initiative Everyman Theatre Nalley Fresh Preston Gardens 334 N. Charles Chesapeake Shakespeare Nando’s Peri Peri 414 Light and has made Charles Center Baltimore’s fastest-growing and Downtown Cultural Next Phaze Café 500 Park Avenue Arts Center Ono Poke extremely diverse residential Census Tract. 520 Park Avenue Le Mondo Panera 6 521 St. Paul Maryland Art Place Pappas Sports Bar

/DowntownBaltimore t @DowntownBalt @DowntownBaltimore #ProudlyBaltimore | GoDowntownBaltimore.com DOWNTOWNFor BALTIMORE Sale / For Lease DEVELOPMENT / Joint Venture REPORT | 27 13

Westport CONTACT INFORMATION Timothy R. Hearn 410-458-3494 [email protected]

CONFIDENTIALITY & DISCLAIMER STATEMENT This is a confidential memorandum intended solely for your own limited use to determine whether you wish to express any further interest in the Property. Although this confidential memorandum has been reviewed by representatives of the Owner, it does not propose to be all- inclusive, nor does it contain all the information which a prospective purchaser may require or desire. Neither the Owner, nor any of its officers, directors, employees or agents, nor Artemis Commercial Real Estate Services makes any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents, and no legal liability is assumed or is to be implied by any of the aforementioned with respect thereto. Prospective offerors are advised to verify the information independently. The Owner reserves the right to change the price or any information in this memorandum, or to withdraw the Property from the market at any time, without notice. By your receipt of this confidential memorandum, you agree that the information contained herein is of a confidential nature and you will not disclose this memorandum or any part of the contents to any other person, firm or entity without prior authorization from Artemis Commercial Real Estate Services.

Artemis Commercial Real Estate Services | 100 N. Charles Street, Suite 1730 | Baltimore, Maryland 21201