MAG Partners Exits $5.5B Baltimore Peninsula Development Team

MAG Partners Exits $5.5B Baltimore Peninsula Development Team

BALTIMORE — MAG Partners has announced its exit from the master development team of Baltimore Peninsula, a $5.5 billion mixed-use development underway in south Baltimore. The multi-phase, 235-acre development, formerly branded as Port Covington, is led by Sagamore Ventures, a developer founded by Under Armour’s CEO Kevin Plank, as well as Goldman Sachs Urban Investment Group and the City of Baltimore. MacFarlane Partners has also been a member o…

MaryAnne Gilmartin Exits As Lead Developer Of Baltimore Megaproject

The New York firm that has spearheaded Baltimore's largest development for the last three years has left the partnership.  MAG Partners announced Friday it is moving on from the 235-acre Baltimore Peninsula project, though it didn't detail the circumstances of its departure. The Baltimore Banner reports that the site's owners decided not to renew their contract with the developer.