News Summary
The Baltimore Peninsula development is experiencing significant leasing activity, with major tenants like M&T Bank and Insight Global expanding in the area. This project brings new office, retail, and community spaces that aim to revitalize Baltimore’s waterfront district, attracting diverse businesses and promoting economic growth. With ongoing developments and notable amenities, the area is poised for continued success and community engagement.
Baltimore, MD—Major Leasing Activity at Baltimore Peninsula Development
The Baltimore Peninsula development continues to attract significant commercial tenants, with recent lease agreements marking major expansions for both financial and professional services in the area. The project features new office, retail, and community spaces, fueling growth and revitalization efforts in Baltimore’s waterfront district.
M&T Bank Opens New Branch and Signs Large Lease
M&T Bank has established a substantial presence within the Baltimore Peninsula by opening a new branch at Rye Street Market. This branch occupies 2,140 square feet at 301 Mission Blvd. positioned at the corner of Distillery St. and Mission Blvd. It represents the bank’s commitment to serving the Baltimore community through accessible banking services.
In addition to the new branch opening, M&T Bank secured a 15,000 square foot lease within Rye Street Market. This leasing activity underscores the bank’s broader plans to expand its local footprint and increase its engagement with residents and businesses in Baltimore.
Insight Global to Relocate and Expand in Baltimore
Insight Global, a staffing and professional services firm, has signed a lease for 15,600 square feet at the 2455 House Street building. The company plans to relocate from its current location at 100 E. Pratt St. in Downtown Baltimore as part of its growth strategy within the Baltimore Peninsula.
The 2455 House Street building, which opened in 2023, is currently approximately 75 percent leased. It offers a range of amenities including a rooftop deck, courtyard, fitness center, and parking facilities, making it an attractive location for tenants.
Other notable tenants in the building comprise CFG Bank, which occupies three stories and 97,000 square feet of office space, along with retail tenants such as Daily Grind and Molly’s Dog Care. CFG Bank plans to open a new branch in one of the retail spaces at 2455 House Street.
Significant lease agreements also include Ayers Saint Gross, which has leased 25,000 square feet in the building. The diverse tenant mix is contributing to increasing occupancy rates, with industry commentary highlighting the development’s role in attracting various types of businesses.
Features and Future Developments at 2455 House Street
The 2455 House Street building boasts a range of amenities designed to enhance tenant experience, such as a rooftop deck, courtyard, fitness center, and parking. Its strategic location and comprehensive facilities make it a sought-after address within the Baltimore Peninsula.
Planned and ongoing retail tenants at Rye Street Market include Jersey Mike’s, Slutty Vegan, Bar Vegan, and Strayer University. Future openings later this year are expected to include Live-K Karaoke and Urbano Tex-Mex.
The building also features a third-floor event space managed by Clyde’s Restaurant Group, serving as a community and event hub for tenants and visitors.
Office and Community Uses within Rye Street Market
Office tenants planned or existing at Rye Street Market encompass PwC, Newmark, Chambers, and Volo Sports. Additionally, the Baltimore Ravens, Disaronno, Longeviti Neuro Solutions, One Bar Mining, and the University of Maryland Robert H. Smith School of Business are among tenants contributing to the market’s vibrant environment.
Statements and Perspectives on Growth
The presence of M&T Bank’s Baltimore regional president emphasizes the significance of the new branch as a symbol of renewal and opportunity for the city. The development team and industry observers note that the increasing occupancy rates and diverse tenant mix are positive indicators of Baltimore Peninsula’s growing prominence.
MaryAnne Gilmartin, CEO of MAG Partners, highlighted the addition of Insight Global as diversifying the tenant ecosystem and reinforcing the development’s momentum. The overall trend indicates a thriving corridor attracting varied businesses and community-oriented facilities.
Summary
The Baltimore Peninsula development continues to bring in high-profile tenants, including M&T Bank and Insight Global. With new office, retail, and community spaces opening, the project is positioned to foster economic growth, community engagement, and urban renewal in Baltimore.
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Additional Resources
- SouthBmore: M&T Bank Opens and Insight Global Signs Lease
- The Banner: Baltimore Peninsula Letters
- Baltimore Fishbowl: Clyde’s Opening at Baltimore Peninsula
- Data Center Dynamics: Potential Data Centers in Baltimore
- Baltimore Magazine: Civic Leaders Discuss City Improvements
- Google Search: Baltimore Peninsula
- Wikipedia: Baltimore
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.
