Office Tenants Signed Up for Redeveloped Lion Brothers Building in Hollins Market

| December 14, 2016 | 0 Comments

A long-vacant property near the University of Maryland BioPark in the Hollins Market neighborhood is getting new life as Cross Street Partners is nearing completion on its redevelopment of the Lion Brothers Building at 875 Hollins St. The 38,000 sq. ft. building is being converted to offices and a café.

The building dates back to 1904 when Lion Brothers, an embroidered emblems company, expanded into the building. The company relocated to Owings Mills in 1958 and are still there today. The Lion Brothers Building has been without a tenant since 2002.

Cross Street Partners is spending approximately $6 million on the historic renovation with state and federal tax credits. It began construction in June and is hoping to achieve its occupancy permit before the end of the year. Along with office suites, the building will have a 1,600 sq. ft. café, a small gym, elevators, common bathrooms, and lobbies.

The interior of the building is highlighted by original concrete floors, ceilings, and sliding fire doors; exposed brick; and industrial finishes including exposed duct work. The building’s large industrial windows let in a lot of natural light.

Cross Street Partners has lined up three tenants with 5,900 sq. ft. leased to UMBC for a graduate program, 13,896 sq. ft. leased to an affordable housing developer that also has an office in Howard County, and 3,449 sq. ft. leased to Baltimore Community Lending.

Cross Street Partners Development Manager Therese Stegman told they are currently only marketing one more suite, a 2,800 sq. ft. space on the second floor. She noted they are currently negotiating a lease with an additional first floor tenant and would reveal more details about the café in the future.

Cross Street Partners also owns an 18-space parking lot across the street and will partner with the BioPark to lease 100 additional parking spaces.

Cross Street Partners “loves” the Hollins Market neighborhood and is hoping this project is just its start in the area as they are eyeing additional opportunities. The developers are also excited about Scott Plank and his company War Horse’s recent investment in the neighborhood, which includes the acquisition and future renovation of 50 properties around and near the Hollins Market according to a recent meeting with Hollins Roundhouse Community Association. “We’re happy Scott is coming,” said Stegman.

An RFP for the redevelopment of Hollins Market was recently released by the Baltimore Development Corporation with proposals due by February 13th of next year. Cross Street Partners is also looking forward to seeing investment at the market, which is three blocks west of the Lion Brothers Building.

Rendering and Photo Courtesy of Cross Street Partners 







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