News Summary
The Baltimore Peninsula development is thriving with new businesses and expanding services, highlighted by M&T Bank’s new branch opening and Insight Global’s lease agreement. This 235-acre redevelopment initiative enhances community engagement and economic activities, making it a key destination for both residents and businesses in Baltimore.
Baltimore, Maryland—Major Developments at Baltimore Peninsula Boost Community and Business Growth
The Baltimore Peninsula development continues to grow with new tenants and expanded services, underscoring its importance as a hub for community and economic activity. Recent highlights include the opening of a new M&T Bank branch and a major lease agreement by Insight Global, an employment services firm, both reflecting the area’s expanding commercial landscape.
M&T Bank Launches New Branch in Baltimore Peninsula
M&T Bank has inaugurated a new 2,140 square foot branch located within the Rye Street Market building at 301 Mission Blvd., at the intersection of Distillery Street and Mission Boulevard. This move signifies the bank’s commitment to broadening its presence in the Baltimore area. The bank’s portfolio in the development further includes a 15,000 square foot lease at Rye Street Market, demonstrating a strong retail and community engagement strategy.
The Rye Street Market is a vibrant space featuring a variety of retail tenants such as Jersey Mike’s, Slutty Vegan, Bar Vegan, and Strayer University. Additional tenants expected to open later this year include Live-K Karaoke and Urbano Tex-Mex, enhancing the market’s diverse offerings. The complex also accommodates a third-floor event space operated by Clyde’s Restaurant Group, which aims to host community gatherings and corporate events.
Insight Global Secures Major Lease at Baltimore Peninsula
In a significant move, Insight Global, an employment and staffing firm, signed a lease for 15,600 square feet at the 2455 House Street building, located within Baltimore Peninsula. The company is relocating from its previous space at 100 E. Pratt St. downtown Baltimore. The new lease underscores the confidence in Baltimore Peninsula’s rapid development and its capacity to attract large commercial tenants.
The 2455 House Street building, which opened in 2023, is currently approximately 75 percent leased. It offers amenities such as a rooftop deck, courtyard, fitness center, and ample parking, making it an attractive destination for tenants and visitors alike. Other current tenants include CFG Bank, which occupies three stories comprising 97,000 square feet of office space, along with Daily Grind and Molly’s Dog Care.
CFG Bank plans to open a branch within one of the retail spaces in the complex, further strengthening banking services in the development. Additionally, Ayers Saint Gross has leased 25,000 square feet of office space in the same building, highlighting the building’s role as a hub for professional services.
Community and Economic Development Impact
The Baltimore Peninsula project is a 235-acre redevelopment initiative aimed at fostering community engagement, creating employment opportunities, and supporting local businesses. The development is attracting diverse companies, including regional and national firms, which are contributing to a vibrant, mixed-use district.
MaryAnne Gilmartin, founder and CEO of MAG Partners, highlighted the increasing occupancy rates and diverse tenant mix as signs of a thriving community. Meanwhile, Tim Stutz, COO of Insight Global, expressed enthusiasm about joining the developing neighborhood, indicating strong confidence in Baltimore Peninsula’s growth prospects.
Local Leaders Highlight Expanding Resources and Business Opportunities
Brian Walter, regional president at M&T Bank, emphasized the bank’s dedication to supporting small businesses and bolstering community resources through its new branches. The expansion aligns with the broader vision of Baltimore Peninsula becoming a comprehensive commercial and community hub.
Overall, Baltimore Peninsula’s ongoing development projects and tenant commitments signal a positive trajectory for the area, offering new services, employment opportunities, and community amenities. The continued influx of tenants and investors suggests that the project will remain a vital part of Baltimore’s economic landscape for years to come.
Summary of Key Facts
- M&T Bank opened a 2,140 sq. ft. branch at Rye Street Market.
- They also signed a lease for 15,000 sq. ft. at Rye Street Market.
- Insight Global leased 15,600 sq. ft. at the 2455 House Street building.
- The 2455 House Street building is 75% leased, opened in 2023, and features amenities like a rooftop deck and courtyard.
- Current tenants include CFG Bank (97,000 sq. ft.), Daily Grind, and Molly’s Dog Care.
- CFG Bank plans to open a retail branch in the complex.
- Ayers Saint Gross leased 25,000 sq. ft. of office space there.
- Rye Street Market includes tenants such as Jersey Mike’s, Slutty Vegan, and Strayer University, with new tenants Live-K Karaoke and Urbano Tex-Mex opening later this year.
- The development spans 235 acres, aiming to foster community and employment growth.
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Additional Resources
- South Bmore: Baltimore Peninsula News
- Wikipedia: Baltimore
- The Daily Record: Staffing Services Firm Signs Lease
- Google Search: Baltimore Peninsula developments
- Baltimore Fishbowl: Clyde’s Restaurant Group Opening
- Google Scholar: Baltimore Peninsula
- Data Center Dynamics: New York-Based MAG Partners
- Encyclopedia Britannica: Baltimore Peninsula
- The Banner: Baltimore Peninsula Opinions
- Google News: Baltimore Peninsula news
Author: STAFF HERE BALTIMORE WRITER
BALTIMORE STAFF WRITER The BALTIMORE STAFF WRITER represents the experienced team at HEREBaltimore.com, your go-to source for actionable local news and information in Baltimore, Baltimore County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Baltimore Book Festival, Preakness Stakes, and Artscape. Our coverage extends to key organizations like the Baltimore Chamber of Commerce and Visit Baltimore, plus leading businesses in shipping and healthcare that power the local economy such as the Port of Baltimore and Johns Hopkins Medicine. As part of the broader HERE network, we provide comprehensive, credible insights into Maryland's dynamic landscape.
