ABOUT PORT COVINGTON
Port Covington is a 235-acre redevelopment project located on Baltimore City’s prime waterfront. As one of the largest urban revitalization efforts in the United States, the neighborhood of Port Covington will have a fundamental and far-reaching impact on Baltimore’s future.
At completion, this transformative project will include: up to 18 million square feet of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space. The Port Covington redevelopment is expected to generate fresh opportunities for innovation and entrepreneurship for Baltimore City residents and its local workforce.
Port Covington is adjacent to I-95, the East Coast’s most traveled highway, providing convenient and efficient commuting and travel times to and from the neighborhood. In addition, the proximity to I-95 offers visibility and accessibility to 42 million cars passing by the site each year. When completed, Port Covington will be a vibrant world-class destination and engine for economic growth.
INVESTOR
Sagamore Ventures is a privately-held investment company with diversified holdings that include commercial real estate, hospitality, food and beverage and venture capital. The company is based in Baltimore, MD, and serves as the family office of Kevin A. Plank, the founder, Executive Chairman, and Brand Chief of Under Armour, Inc. Key investment holdings include Sagamore Spirit and a major equity stake in the Port Covington redevelopment in South Baltimore.
The mission of Sagamore Ventures is to execute the initiatives of the Plank Family, support the growth of our investments, and contribute to economic development and opportunity in Baltimore City.
sagamoreventures.com
INVESTOR
Since 2001, the Goldman Sachs Urban Investment Group has committed over $7 billion to underserved American communities. Partnering with local leaders and non-profits, they focus on comprehensive community development that supports the fundamental building blocks of opportunity, including affordable housing, quality education and healthcare, and growth capital for small businesses.
goldmansachs.com
