Press release
T. ROWE PRICE MARKS FIRM'S 85TH ANNIVERSARY WITH GROUNDBREAKING OF ITS NEW GLOBAL HEADQUARTERS IN BALTIMORE'S HARBOR POINT
Company to pursue LEED Platinum and Fitwel three-star certifications BALTIMORE, March 30, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW),
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"Company to pursue LEED Platinum and Fitwel three-star certifications\nBALTIMORE, March 30, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), officially began construction today of its new 550,000-square-foot global headquarters set to open in 2024. It will be located at 1307 Point Street in Baltimore's Harbor Point community—a vibrant and growing waterfront neighborhood with ample green spaces, views of the harbor, and a campus-like atmosphere that seamlessly blends 50,000 additional square feet of retail, dining, residences, and hotels.\n\n \n \n \n \n \n \n\n \nThe design will support T. Rowe Price's collaborative culture—with spaces to gather for meetings of all sizes, including a client conference center and an auditorium, and will help the firm attract and retain top talent.\n\"We're excited to break ground on our new headquarters during the firm's 85th anniversary year,\" said T. Rowe Price's CEO and President Rob Sharps. \"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.\"\n\"I am grateful for T. Rowe Price's decision to commit to Baltimore,\" said Mayor Brandon M. Scott. \"With this groundbreaking, they are making a bold statement that they are here to stay and share our vision for Baltimore's renaissance. We will build on this as we look to continue to advance our city's economic potential.\"\nThe new building will feature a water harvesting system that will save approximately 1.55 million gallons of potable water annually, contributing to its proposed goal of LEED Platinum status for commercial interiors. By using rainwater in the flush fixtures of the building, the potable water usage will be reduced by more than 50% and ultimately create 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 building's interior to enhance the employee experience. Fitwel scorecards use 55+ evidence-based design and operational strategies that enhance buildings by addressing a broad range of health behaviors and risks.\nComposed of two seven-story sustainable buildings linked by an all-glass lobby atrium, the new headquarters takes advantage of its premier location along the waterfront. The pedestrian-scaled structu...