MacKenzie Retail Selected as Exclusive Broker for Next Phase of Retail Leasing at Harbor Point on Baltimore’s Waterfront
Boutique brokerage firm targeting local and national signature restaurant and retail concepts serving a captive audience of more than 5,500 campus employees and residents, as well as local community and visitors
MacKenzie Retail has been named the exclusive leasing broker for the next phase of retail leasing at Harbor Point, the rapidly growing mixed-use neighborhood featuring commercial space, residences, and hotels situated along Baltimore City’s iconic waterfront. Developed in partnership between Beatty Development Group and Armada Hoffler, Harbor Point is configured to support more than two million square feet of commercial office space, more than 250,000 square feet of retail space, approximately 3,000 residential units and more than 600 hotels rooms upon completion. MacKenzie’s Senior Vice President and Principal Henry Deford and Vice President Tim Harrington are handling the requirement on behalf of the brokerage firm.
MacKenzie is scouting several signature restaurant groups, specifically a contemporary sit-down grill concept and an “all day” café serving breakfast, lunch, and dinner at the base of the future global headquarters for T. Rowe Price. The new headquarters, a seven-story, 550,000 square foot office tower will overlook Baltimore’s waterfront and promenade. Additional inline retail opportunities are available at the existing 21-story, 444,000 square foot Constellation Building, the regional home of Exelon Corporation, as well as several other spaces at the street level of the soon-to-deliver Allied | Harbor Point building. MacKenzie is also targeting locally owned fashion, dry goods, and hospitality concepts, such as a craft distillery or wine bar.
Additional retailers being considered include a small format grocery store or market; boutique fitness concepts complementing the existing yoga, Pilates, and cycling facilities; the beauty and wellness sector such as a MedSpa or salon; financial institution or bank; and a pet supplies or pet services retailer.
At completion, more than 10,000 people are expected to work, live, or visit the Harbor Point campus daily. At present, more than 70,000 people live and nearly 185,000 people work within a 1.5-mile radius of the mixed-use neighborhood, including more than 36,000 households with an average household income approaching $137,000. Phase III of Harbor Point’s development is currently underway with the global headquarters of T. Rowe Price scheduled to begin occupancy by the end of 2024. An additional 312 new residential units at Allied | Harbor Point will also deliver at the end of this year.
“Harbor Point is already considered among the most prominent waterfront developments in the Mid-Atlantic region and the best is yet to come with T. Rowe Price opening in the next six to eight months, as well as the continued stream of residents, many of which will work within the campus or nearby,” stated MacKenzie’s Deford. “There exists a strong foundation of restaurants and retailers led by west elm, honeygrow, Ceremony Coffee, and Resistance Cycle, and several other retailers serving the rapidly expanding captive audiences. Harbor Point, with its modern architectural designs, impressive corporate office users, and waterfront presence represents an unprecedented opportunity.”
Spanish restaurant Josefina, a new restaurant concept from James Beard Award nominee Chef David Zamudio, recently revealed its intentions to open within 1405 Point Street, with a mission of delivering a “casual dining experience based on the south of Spain.” The concept will join Italian restaurant Sartori and Korean fried chicken restaurant The Chicken Lab, which are newly signed deals currently under construction.
“MacKenzie Retail’s significant differentiation is our ability to forge local market intelligence with deep relationships established among regional and national retailers,” MacKenzie’s Harrington said. “We will be curating a tenant mix here that complements the existing users and fills gaps to attract a wider audience. We are excited to place our stamp on Harbor Point and execute the next phase of retail while serving its stakeholders, and the community.”
MacKenzie Retail is the retail division of MacKenzie Commercial Real Estate Services, the real estate brokerage arm of The MacKenzie Companies, which operates six full-service divisions addressing all real estate asset classes including MacKenzie Management Company, MacKenzie Contracting Company, MacKenzie Capital, MacKenzie Investment Group and MacKenzie Multifamily Management, LLC. The company provides customized real estate solutions for institutional owners, investors, private companies, and individuals. For additional information, visit www.mackenziecommercial.com
