Financier eyes Harbor Pt.

Baltimore financial firm Morgan Stanley is in negotiations to take space at Harbor Point, a mixed-use waterfront development being planned by Baltimore developers Struever Bros. Eccles & Rouse and H&S Properties Development Corp.

Struever Bros. spokesman Bob Rubenkonig said plans for the $720 million project are still being finalized and that Struever Bros. does not comment on its negotiations with prospective tenants. He said there are at least seven different scenarios for the former Allied Signal property and that Morgan Stanley has not committed to taking space there.

But documents filed with the Baltimore City Planning Department show the developers met with city officials to talk about the project Feb. 27 and that "the Morgan Stanley office building is completely designed and will remain unchanged." Rubenkonig dismissed as "erroneous" the document's suggestion Morgan Stanley has signed a lease for space at Harbor Point.

The first phase of Harbor Point is slated to include a seven-story, 262,000-square-foot office building, a 150-unit condominium building and a 225-unit apartment building. The residential buildings are slated to range in height from 108 feet to 120 feet. The developers have asked the city for tax-increment financing to offset the project's construction costs.

Source: Baltimore Business Journal. View Article.

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