May 6, 2022

Baltimore Peninsula

MAG Partners and MacFarlane Partners joined an expanded development and investment team of a 177-acre master plan at Baltimore Peninsula, a post-industrial waterfront peninsula in South Baltimore. The 1.1 million SF of mixed-use development is currently open with the sponsorship of Sagamore Ventures, the family office of Under Armour founder and chairman, Kevin Plank, and the Urban Investment Group within Goldman Sachs Asset Management.

The new development team are direct investors in Baltimore Peninsula and will lead future construction phases. Baltimore Peninsula supports the ambition and vision of the South Baltimore project, with an approved master plan calling for more than 14 million square feet of development and 40 acres of publicly accessible open space.

This unique Baltimore development project will deliver an unprecedented set of community benefits, including $21 million already funded to support Baltimore City and South Baltimore communities; $132 million in contracts to Baltimore City-certified MBE/WBE firms; and 537 new residential units, including 35 affordable residences at 80% and 54 residences at 50% AMI.

May 6, 2022

44-02 Vernon Boulevard

MAG Partners is the development partner for RiverLinc, a six-acre site located on the Long Island City waterfront with stunning views of the Manhattan skyline. MAG Partners joined together with the neighboring property owners, TF Cornerstone, Plaxall and Simon Baron Development, under the leadership of the New York City government to work with the community on a collaborative process for a full 28 acres of underutilized private and public land to bring jobs, green energy, resilient waterfront open space, affordable housing and arts and community space to the waterfront. Conceived of a mixed-use development with 21st century office space and multifamily rental housing, the public process for a zoning change is currently on hold.