Amtrak Selects Development Team to Partner in Baltimore Penn Station Redevelopment
January 12, 2018
Amtrak has selected Penn Station Partners, a Baltimore-based team with global expertise, to negotiate a master development deal for Baltimore Penn Station and neighboring Amtrak-owned properties. The team is comprised of Beatty Development Group, Armada Hoffler Properties, Cross Street Partners, Gensler, WSP USA, Network Rail Consulting and Mace Group among others.
Goals of the master development include modernizing and expanding station facilities and amenities to accommodate growth, renovating the station’s upper floors and supporting transit-oriented development that integrates the surrounding neighborhood’s unique vitality.
Negotiations are underway with the selected team proposing a multi-phased, mixed-use development that could bring as many as 1.6 million square feet of development to the area. Preliminary concepts include a hotel in the historic station head house, as well as office and residential space to the north along Lanvale Street connected by an expanded concourse with new retail opportunities. Specific details regarding the development’s scope, design and phasing will be the focus of future engagement between Amtrak, the selected developer, stakeholders and the public.
The Amtrak Board of Directors approved the designation of Penn Station Partners following a competitive, open procurement process with a rigorous technical and financial review. Penn Station Partners was selected based on their proposal and successful record of project delivery, extensive experience with complex mixed-use properties and adaptive reuse of historic buildings. The team also includes JLL, HR&A Advisors, Charles Belfoure, Cho Benn Holback, Stifel, Nicolaus & Company, RK&K and Younts Design. The group was selected from a pre-qualified short list of teams following a Request for Qualifications in 2016.