Port Covington

Location: Baltimore, MD
Architect: Multiple
Construction Manager: Multiple
Capital Partners: Sagamore Ventures, Urban Investment Group within Goldman Sachs Asset Management
Category: Mixed-use

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.