Insights

MacKenzie Commercial Real Estate Services, LLC is pleased to present the commercial portion of 2555 Riva Road, a mixed-use redevelopment of a 6.75 acre site situated prominently at the corner of Riva Road and Admiral Cochrane Drive in Annapolis, Maryland. The proposed project is planned to consist of a 5-story, 250-unit luxury lifestyle apartment building with structured parking and first floor amenities. The commercial portion of the development facing Riva Road is divided into two lots available for sale or ground lease. The property is owned by an entity controlled by Angelo Gordon, a global investment firm. The MacKenzie team of John Schultz, Chris Bennett, and Trish Farrell have been retained by the owner to bring the commercial portion of 2555 Riva to market and seek request for development proposals.

Conceptual plans present a single-story, retail/restaurant space up to 7,200 square feet for Lot 1. This lot offers excellent visibility and multiple access points. Lot 2 conceptual plans show the ability to support a 4-story, 50,000 square foot office/ medical building with structured and surface parking. Additionally, conceptual drawings show the project including areas for a central plaza, outdoor patio space, and additional landscaped park-like open areas.  It is worth noting that the initial plans are conceptual only, and the configuration for commercial lots 1 and 2 can be altered to suit the needs of the purchaser or ground lessor.

“2555 Riva Road presents an opportunity to invest in a consistently sought-after market,” stated Schultz. “The live, work, play model continues to be a proven success in many markets; attractive to many and boosts overall market activity. It is an honor to have been chosen to work on this unprecedented opportunity in Annapolis and to work alongside one of nation’s the top investment firms, Angelo Gordon, and their local partners Eliot Powell and Peter Zadoretzky.”

To receive additional information on this redevelopment opportunity or to submit a proposal, please contact one of the MacKenzie team members below to sign a non-disclosure agreement.

John Schultz | jschultz@mackenziecommercial.com | 410.494.4894

Chris Bennett | cbennett@mackenziecommercial.com | 410.953.0352

Trish Farrell | tfarrell@mackenziecommercial.com | 410.974.9003

 For more information on MacKenzie’s full-service offerings, please visit www.mackenziecommercial.com.

MacKenzie Ventures, LLC (MacKenzie) possesses the multi-disciplined team necessary to excel in Maryland’s corporate real estate community. Comprising six firms, MacKenzie provides clients a competitive, full service platform of offerings in leasing, sales, investments, tenant and landlord advisory services, development, general construction, property and asset management, debt and equity capital placement, and location intelligence.  With more than 225 employees and offices in Annapolis, Baltimore, Bel Air, Columbia, and Lutherville, Maryland, MacKenzie is one of the largest full service commercial real estate firms in the Mid-Atlantic. Please visit www.mackenziecommercial.com for more information.