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westport
c1 o |n fTHE
i d eWATERFRONT
n t i a l o f f eAT
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ng memorandum
This is a confidential Memorandum intended solely at its sole discretion, to reject any or all expressions
for your limited use and benefit in determining of interest or offers to purchase the Property, and/
whether you desire to express further interest in or to terminate discussions with any entity at any
the acquisition of The Waterfront at Westport time with or without notice which may arise as a
(“Property”). This Memorandum contains selected result of review of this Memorandum. The Owner
information pertaining to the Property and does not shall have no legal commitment or obligation to any
purport to be a representation of the state of affairs entity reviewing this Memorandum or making an offer
of Westport Property Investments, LLC., (“Owner) to purchase the Property unless and until written
or the Property, to be all-inclusive or to contain all or agreement(s) for the purchase of the Property have
part of the information which prospective investors been fully executed, delivered and approved by the
may require evaluating a purchase of real property. Owner and any conditions to the Owner’s obligations
All financial projections and information are provided therein have been satisfied or waived. By receipt of
for general reference purposes only and are based this Memorandum, you agree that this Memorandum
on assumptions relating to the general economy, and its contents are of a confidential nature, that you
market conditions, competition and other factors will hold and treat it in the strictest confidence and
beyond the control of the Owner and Cushman & that you will not disclose this Memorandum or any
Wakefield. Therefore, all projections, assumptions of its contents to any other entity without the prior
and other information provided and made herein written authorization of the Owner or Cushman &
are subject to material variation. All references to Wakefield. You also agree that you will not use this
acreages, square footages and other measurements Memorandum or any of its contents in any manner
are approximations. Additional information and an detrimental to the interest of the Owner or Cushman
opportunity to inspect the Property will be made & Wakefield. In this Memorandum, certain documents,
available to interested and qualified prospective including leases and other materials, are described in
purchasers. Neither the Owner nor Cushman & summary form. These summaries do not purport to
Wakefield, nor any of their respective directors, be complete nor necessarily accurate descriptions
officers, affiliates or representatives make any of the full agreements referenced. Interested parties
representation or warranty, expressed or implied, are expected to review all such summaries and other
as to the accuracy or completeness of this documents of whatever nature independently and
Memorandum or any of its contents and no legal not rely on the contents of this Memorandum in any
commitment or obligation shall arise by reason manner. If after reviewing this Memorandum, you have
of your receipt of this Memorandum or use of its no further interest in purchasing the Property, kindly
contents. The Owner expressly reserves the right, return this Memorandum to Cushman & Wakefield.
the
sun rises
2 | THE WATERFRONT AT WESTPORT over
THE
WAT E R F R O N T
at w e s t p o r t
THE OFFERING
Cushman & Wakefield (“Broker”), is pleased to
offer the opportunity to acquire a full or partial
interest in The Waterfront at Westport (“The
Waterfront”), a 43± acre waterfront development
opportunity in the City of Baltimore, Maryland.
The property consists of five contiguous, fully-
entitled land areas with an approved development
capacity of over 5 million square feet (msf). This
property is an irreplaceable asset representing
one of the largest waterfront assemblages on
the East Coast, further enhanced by its location
in a Federal Opportunity Zone, which affords
the purchaser significant investment and
development incentives.
WAT E R F R O N T
at w e s t p o r t
LOCUST
POINT
PORT FORT
COVINGTON MCHENRY
F O RT
MCHENRY TUNNEL
NEL
TUN
BOR
HAR
ORE
TIM
BA L
4 | THE WATERFRONT AT WESTPORT
THE WATERFRONT AT WESTPORT
OWNER
Westport Property Investments, LLC.
investment highlights
Set on the spectacular Middle Branch of the Patapsco River, a tranquil body of water south of Baltimore’s
famed Inner Harbor, The Waterfront offers investors and developers the opportunity to be an integral part
of the next wave of Baltimore’s waterfront renaissance. With spectacular views of the downtown skyline
and harbor, and easy access to MD 295, I-95 and Baltimore/Washington International Thurgood Marshall
Airport (“BWI Airport”), the 43± acre parcel is a community development opportunity that complements
Port Covington, the adjacent, 177- acre former industrial property that is now being converted into a
world-class, mixed-use, transit-oriented waterfront district.
LOCATION
Known internationally for the Inner Harbor redevelopment that began Baltimore’s transformation in
the 1980’s from a manufacturing port city to a major tourist destination, the region now boasts the
third highest concentration of professional jobs in the United States. With Baltimore’s vibrant market
fundamentals, including strong job growth, phenomenal demographics and major employment centers,
it is not surprising it was recently named one of the “Hottest Startup Cities in the US” by Entrepreneur.
com, and “#1 Best Rental Market for Millennials in the US” by RealtyTrac.
SITE
Less than two miles south of Baltimore’s Central Business District, The Waterfront represents one of the
largest, single waterfront development opportunities in Baltimore’s history with ± 43 contiguous acres
and 3,200 linear feet of waterfront. Nestled among more than 100-acres of parkland surrounding the
Middle Branch, The Waterfront at Westport will also enjoy unique amenities including more than 10 miles
of recreation trails around the Middle Branch; on-site kayak and crew boat launch; and access to the 15-
mile Gwynns Falls Trail, the longest urban bike trail in the nation.
PHASE I
Phase I is currently planned to include parcels identified in Areas I, II &
III, shown on the Westport PUD plan with a mix of single and multifamily
residential, street-level retail and office uses. With office buildings busy by
day, and residential buildings busy at night, the first phase is designed to
showcase a true “24/7” lifestyle from the start.
PHASE II
Phase II is envisioned to start with Area IV to extend north from Wenburn
Street, incorporating denser commercial and office uses outlined in Areas
IV and V on the PUD plan. Connecting the phases with a central boulevard
and waterfront promenade will make The Waterfront at Westport a fully
integrated, walkable community.
CBD
M&T Bank
Stadium
PORT
COVINGTON
THE Proposed FOOTBRIDGE
WAT E R F R O N T
at w e s t p o r t
MIDDLE BRANCH
Depending on the nature of the bids received, the wining investor may be selected on the Initial Bid Due Date.
Alternatively, a select group of finalists may be chosen. In the event several finalists are chosen, specific instructions
on how to proceed will be given at that time, including the possibility of making available a form of purchase and sale
agreement.
• A detailed description of the investor as its source of capital for the acquisition; and
Seller reserves the right to alter the dates in its sole discretion.
WAT E R F R O N T
at w e s t p o r t
©2018 Cushman & Wakefield. All rights reserved. The material in this presentation has been prepared solely for information purposes, and is strictly confidential. Any disclosure,
use, copying or circulation of this presentation (or the information contained within it) is strictly prohibited, unless you have obtained Cushman & Wakefield’s prior written
consent. The views expressed in this presentation are the views of the author and do not necessarily reflect the views of Cushman & Wakefield. Neither this presentation
nor any part of it shall form the basis of, or be relied upon in connection with any offer, or act as an inducement to enter into any contract or commitment whatsoever. NO
REPRESENTATION OR WARRANTY IS GIVEN, EXPRESS OR IMPLIED, AS TO THE ACCURACY OF THE INFORMATION CONTAINED WITHIN THIS PRESENTATION, AND
CUSHMAN & WAKEFIELD IS UNDER NO OBLIGATION TO SUBSEQUENTLY CORRECT IT IN THE EVENT OF ERRORS.