T. ROWE PRICE MARKS COMPANY’S 85TH ANNIVERSARY WITH INNOVATION AT ITS NEW WORLD HEADQUARTERS IN BALTIMORE’S HARBOR POINT

The company is aiming for LEED Platinum and Fitwel three-star certifications

BALTIMORE, March 30, 2022 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS:TROW), today officially began construction on its new 550,000 square foot global headquarters, slated to open in 2024. It will be located at 1307 Point Street at from Baltimore Harbor Point Community – a vibrant and growing waterfront neighborhood with expansive green space, harbor views and a campus-like atmosphere that seamlessly blends an additional 50,000 square feet of retail, dining, residences and hotels.

T. Rowe Price Rendering

The design will support T. Rowe Price a collaborative culture – with spaces to come together for meetings of all sizes, including a client conference center and auditorium, and will help the company attract and retain top talent.

“We are thrilled to open our new headquarters in the company’s 85th anniversary year,” said T. Rowe Price CEO and President Rob Sharp. “We have been in Baltimore since 1937, and we remain committed to supporting our community and creating a sustainable environment for our associates to thrive.”

“I am grateful to T. Rowe Price decision to commit to Baltimore“, said the mayor Brandon M. Scott. “With this groundbreaking project, they are making a bold statement that they are here to stay and share our vision for from Baltimore Renaissance. We will build on this as we seek to continue to advance our city’s economic potential. »

The new building will include a water collection system that will save approximately 1.55 million gallons of potable water per year, contributing to its proposed goal of achieving LEED Platinum status for commercial interiors. By using rainwater in the building’s flushing fixtures, drinking water consumption will be reduced by more than 50% and will ultimately have a positive impact on the health of the Chesapeake Bay. Additionally, the company is pursuing a three-star Fitwel certification – its highest level – for the interior of the building to enhance the employee experience. Fitwel Dashboards use over 55 evidence-based design and operation strategies that improve buildings by addressing a wide range of behaviors and health risks.

Comprised of two sustainable seven-story buildings connected by an all-glass atrium, the new headquarters takes advantage of its prime location along the waterfront. The pedestrian-scale structures feature a timeless design that incorporates wood, stone and other natural materials complemented by interior plantings at the entrance. Large windows throughout the buildings provide stunning harbor views and bring natural light into the interior spaces. The massing and position of the project creates a walkable connection between the site’s central plaza and Point Park, a new 4.5-acre riverfront public park that will quickly become a downtown landmark.

The new headquarters site is being developed by Beatty Development Group, the master developer of the 27-acre Harbor Point, in partnership with Armada Hoffler Properties. Armada Hoffler is also the general contractor for the project. Other development team members include Base Building Architects—Kohn Pedersen Fox (KPF), Developer Architects—Beatty Harvey Coco (BHC), Base Building Mechanical, Electrical and Plumbing Engineers—JDB Engineering, Program Management—Jones Lang LaSalle, Interior Architects—Gensler and Interiors MEP Engineer—Allen + Shariff.

Nearly 1,600 jobs will be created during the construction phase of the project, and special opportunities will be available for diversified and women-owned businesses. Co-developers Beatty Development Group and Armada Hoffler have a long history of meeting and often passing Baltimore City hiring goals.

ABOUT T. ROWE PRIZE

Founded in 1937, BaltimoreT. Rowe Price Group, Inc. (NASDAQ-GS: TROW), based at T. Rowe Price Group, is a global investment management organization with $1.54 trillion of assets under management at February 28, 2022. The organization offers a wide range of mutual funds, sub-advisory services and segregated account management for individual and institutional investors, pension plans and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T Rowe Price disciplined, risk-conscious investment approach focused on diversification, consistency of style and fundamental research.

T. Rowe Price Rendering

T. Rowe Price Rendering

Inauguration of the new headquarters of T. Rowe Price

Inauguration of the new headquarters of T. Rowe Price

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SOURCE T. Rowe Price Group, Inc.

Michael J. Chiaramonte