May 6, 2022

Port Covington

MAG Partners and MacFarlane Partners are joining an expanded development and investment team for a 177-acre master plan at Port Covington, a post-industrial waterfront peninsula in central South Baltimore. Today 1.1 million SF of mixed-use development is underway under the sponsorship of Sagamore Ventures, the family office of Under Armour founder and chairman Kevin Plank, and the Goldman Sachs Urban Investment Group.

The new development team are direct investors in Port Covington and will also lead future construction phases, supporting 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 open space across the equivalent of 45 new city blocks. This unique Baltimore development project will deliver an unprecedented set of community benefits, including $19 million already funded to support Baltimore City and South Baltimore communities.

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.