News Releases

Sagamore Development Company Unveils Port Covington Redevelopment, One of the Largest Urban Renewal Projects in America
Port Covington's debut at ICSC will introduce this large-scale, Baltimore City-based project to a global audience of developers, investors, retailers, brokers and the international business community

NEW YORK, Dec. 5, 2016 /PRNewswire/ -- Sagamore Development Company (SDC), the real estate company privately owned by Under Armour Founder and CEO Kevin Plank, will highlight the Port Covington redevelopment project at the International Council of Shopping Centers' (ICSC) National Deal Making Conference, held December 5 and 6, 2016 at the Jacob K. Javits Convention Center in New York City.  In addition, Plank will deliver the keynote address to attendees on Monday afternoon. The conference is an opportunity for the global retail real estate industry to gather under one roof, share best practices and close deals.

Port Covington is one of the largest urban renewal efforts in the United States and will be a transformational redevelopment for Baltimore City, bringing thousands of new jobs, new businesses, better transit, more than 40 acres of parks, and fresh opportunities for innovation and entrepreneurship to a city on the rise. The project involves significant transportation and infrastructure improvements for Baltimore through major public-private partnerships. Port Covington will also be the future home of Under Armour's global headquarters.

This year, Sagamore Development is a featured exhibitor and Gold Sponsor at ICSC. The Sagamore hospitality area in the convention center includes an extensive display with augmented reality technology for attendees to experience the design, layout and features of the Port Covington redevelopment in Baltimore. Attendees will have the opportunity to meet with Sagamore Development executives and learn more about partnership opportunities. Sagamore Development is also sponsoring WiFi access for all conference attendees.

Kevin Plank's keynote address will detail the Under Armour story and the current global retail environment. Plank focuses his time on his role as CEO of Under Armour, while his private company, Plank Industries, pursues its mission to elevate Greater Baltimore through investment, waterfront revitalization, impactful philanthropy, entrepreneurship, global engagement and strategic communications. Plank Industries has diversified holdings in commercial real estate, hospitality, transportation, food and beverage and thoroughbred horseracing, all under the Sagamore group of brands. Port Covington is the company's signature project.

About Port Covington: As one of the largest urban renewal efforts in America, Port Covington will have a fundamental and far-reaching positive impact on Baltimore, its economy and its future. Backed by $5.5 billion in total investment, including $4.4 billion in private investment, a redeveloped Port Covington will mean thousands of new jobs, new businesses, better transit to jobs, 42 acres of parks, new space for manufacturing, fresh opportunities for innovation and entrepreneurship, new ways to reach the waterfront and more for Baltimore City residents.

For more information on plans for Port Covington, visit www.sagamoredevelopment.com.

About Sagamore Development Company: Sagamore Development, a member of the Plank Industries family of companies, is a full-service Baltimore-based commercial real estate development company. Sagamore is the master developer for Port Covington, a major mixed-use waterfront redevelopment and park system in South Baltimore.

SOURCE Sagamore Development Company

For further information: Press Contacts: Alex Jackson, Maroon PR, alex@maroonpr.com, 443-864-4246; Danielle Bennings, Plank Industries, dbennings@plankindustries.com, 410-624-5354