News
GOING ONCE, GOING TWICE
December 9, 2010
 |
| We know parking downtown is a pain, but don't you think this parcel could do better? 414 Light Street was once planned as the city's tallest skyscraper, but developer ARC Properties ran into financial problems and eventually declared bankruptcy—the day before a foreclosure auction was supposed to take place on the property. Now that a judge has dismissed their filing, the auction is back on for Jan. 11, with the parcel's most recent assessment coming in around $16M. GoIndustry DoveBid's senior project manager Bryan Goodman (the guy handling the auction) says he's seen interest from a number of parties up and down the East Coast, including (yes) parking lot operators, although he says ?no one believes that's what its future should be.? Well, then we'll keep circling the block. |
 |
| Speaking of the city, we talked yesterday with Downtown Partnership president Kirby Fowler. He says it's doing everything it can to retain tenants, deploying its 150-member staff to keep the CBD clean and safe. They've played a key role in setting some milestones this year, like working with the City on the free Charm City Circulator bus (just passed its millionth rider), helping bring accounting firm McGladrey's 350 employees back from Baltimore County to 100 International Dr, and assisting insurance giant Aegon consolidate its operations downtown. Kirby's also a travel fanatic and studied behind the iron curtain in Leningrad during college. Keep up the good work, comrade. |
