Exelon Building Will Add 500,000SF to Baltimore Skyline

Exelon Corporation announced this week that it had selected the developer, site and design for its new headquarters in Baltimore, expected to deliver by 2014 according to a Baltimore Business Journal article. Exelon chose Harbor East Development Group, LLC, as the developer for the proposed headquarters to be located at Harbor Point between Fells Point and Harbor East in Baltimore.

"We are excited to move forward with our plans to build a new Baltimore headquarters facility, bringing significant benefits to the City of Baltimore, including additional jobs and tax revenue," said Exelon President and COO Christopher M. Crane. "We are committed to Baltimore's downtown and its business district, and we look forward to being a growing part of the Baltimore community as the overall vitality of the city's downtown continues to flourish."

"It was clear from our first discussion with Exelon that they wanted a unique headquarters facility that would create a dynamic home for their growing Baltimore workforce," said Michael S. Beatty, President of Harbor East Development Group, LLC. "When people visit this site in three years they will realize just how committed Exelon and Constellation are to not only their employees but to the greater community and the environment. This project will be a model catalyst for the development of a truly sustainable and vibrant neighborhood."

Michael Beatty, president of Harbor East Development Group LLC, estimated that the Exelon building will be 500,000 square feet, 400,000 of which the company will use for its headquarters, and create 1,000 construction and other jobs and provide new tax revenue for the city.

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