In Baltimore, T. Rowe Price Group, Inc. has kicked off construction of a new 550,000-square-foot global headquarters set to open in 2024. The facility will be located in the city’s Harbor Point community, a growing waterfront neighborhood with green spaces, views of the harbor, and a campus-like atmosphere with 50,000 square feet of retail, dining, residences, and hotels.
The brand new headquarters design supports T. Rowe Price’s collaborative culture. Spaces to assemble for meetings of most sizes – including litigant conference center and an auditorium – are designed to help the firm attract and retain top talent.
“We’re excited to break ground on our new headquarters through the firm’s 85th anniversary year,” said T. Rowe Price’s CEO and President Rob Sharps. “We’ve been in Baltimore since 1937, and we remain focused on supporting our community and developing a sustainable environment for the associates to thrive.”
“I’m grateful for T. Rowe Price’s decision to invest in Baltimore,” said Mayor Brandon M. Scott. “With this particular groundbreaking, they are creating a bold statement they are to remain and share our vision for Baltimore’s renaissance here. We will build with this as we turn to continue steadily to advance our city’s economic potential.”
The brand new building will include a water harvesting system which will save approximately 1.55 million gallons of potable water annually, adding to its proposed goal of LEED Platinum status for commercial interiors. By using rainwater in the flush fixtures of the building, the potable water usage will undoubtedly be reduced by a lot more than 50% and ultimately develop a positive impact on the health of the Chesapeake Bay.
The firm can be pursuing a three-star Fitwel certification – its highest level – for the building’s interior to improve the employee experience. Fitwel scorecards use a lot more than 55 evidence-based design and operational strategies that enhance buildings by addressing an easy selection of health behaviors and risks.
Made up of two seven-story sustainable buildings linked by an all-glass lobby atrium, the brand new headquarters takes benefit of its premier location across the waterfront. The pedestrian-scaled structures include a timeless design that incorporates wood, stone, along with other natural materials complemented by indoor plantings at the entrance. Large windows through the entire buildings offer expansive views of the harbor and bring day light in to the interior spaces. The massing and position of the project creates a walkable connection between your site’s central Point and plaza Park, a fresh 4.5-acre public waterfront park.
The brand new headquarters site has been produced by Beatty Development Group, the master developer of the 27-acre Harbor Point, together with Armada Hoffler Properties. Armada Hoffler may be the general contractor for the project also. Other members of the development team include Base Building Architects-Kohn Pedersen Fox (KPF), Developer Architects-Beatty Harvey Coco (BHC), Base Building Mechanical, Electrical and Plumbing Engineers-JDB Engineering, Program Management-Jones Lang LaSalle, Interior Architects-Gensler, and Interiors MEP Engineer-Allen + Shariff.