One Charles Center_Property for Sale
One Charles Center_Property for Sale
100 North Charles, Baltimore, MD, 21201, US

One Charles Center

Asset Description

JLL is proud to present One Charles Center, an exceptional investment opportunity designed by Ludwig Mies van der Rohe. This landmark office tower, Baltimore's inaugural modernist structure, stands as a cornerstone of the city's nationally recognized downtown urban renewal movement. Echoing the sophisticated architectural heritage of the iconic Seagram’s Building in New York, One Charles Center is ideally situated at 100 N Charles Street. It offers seasoned developers a dual opportunity: to enhance its value through office tenancy or to transform it into a premier urban high-rise, blending luxury living with its rich architectural lineage.


Encompassing over 345,663 square feet across 23 floors, One Charles Center distinguishes itself with a concrete-faced podium topped by a paved plaza, forming the base for the T-shaped office tower. Designed to house retail space and underground parking, the podium enhances the building's functionality and appeal. Located at the southeast corner of Charles Plaza, the center is complemented by over 1,100 multifamily units across five high-rise towers, two office buildings owned and occupied by Exelon/BGE, and several parking garages offering over 1,500 spaces at monthly rates.


Enhanced by its placement on the National Register of Historic Places, One Charles Center's historical and cultural significance is undeniable. The building features a double-height, open, glazed lobby recessed under the structural piers supporting the office tower, creating an inviting entrance. Moreover, its strategic location within an Opportunity Zone, among other State and City tax incentive zones, promises potential significant tax benefits to investors and developers.


The building boasts expansive natural light, sweeping city views, spacious common areas, robust steel construction, and 647 parking space (147 on-site & 500 in a neighboring garage). Efforts are underway to secure additional parking rights in the Charles Plaza parking garage to enhance the building’s parking ratio. Additionally, the building features a recently renovated fitness area with new equipment on the plaza/retail level. A natural breakpoint on the 12th floor, where low-rise and high-rise elevators meet, presents an ideal location for an amenity floor. This architectural feature offers the potential to segment the building’s uses into two components, providing communal spaces for both residents and office occupants under a multi-use plan.


Proximity to major healthcare institutions and government buildings, including Johns Hopkins, Mercy Hospital, the University of Maryland Hospital, and City Hall, underscores its desirability. This prime location, near key employers, the Inner Harbor, coupled with recent investments within a 2-block radius since 2020, solidifies its appeal.


One Charles Center, with its architectural significance, strategic design considerations, and prime location, represents an unparalleled investment opportunity to capitalize on its current use as an office space or reimagine it as a multifamily residence with retail, promising substantial value-add potential in the heart of Baltimore's rejuvenating CBD.

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Attributes

Building area gross
345,663 sf
Occupancy
33%
Year built
1963
Tenure
Freehold
Number of floors
23 floors
Parking spaces
647
Call for offers
17/04/2024

Media

Investment Highlights

  • Historic Building with Potential Tax Incentives
  • Location in Opportunity Zone and State and City Tax Credit Districts
  • Immediate Access to mass transportation- Metro, Light Rail, Bus, MARC and Amtrak
  • Onsite Covered Parking in Two Level Subterranean garage
  • Close proximity to City Hall, Courthouses (Federal, State and City) and other municipal centers
  • A few blocks from Baltimore's Inner Harbor, University of Maryland's Medical and Law Schools and Johns Hopkins Hospital


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One Charles Center (0 Properties)

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Last updated
25 Mar 2024