The GBC launched its ‘Meet the Moguls’ speaker series September 17, with four GBC member executives discussing development, construction and real estate.
The premier event featured Michael Beatty, president of Beatty Development Group, LLC; Blake Cordish, vice president of The Cordish Companies; GBC board member Timothy Regan, president and CEO of The Whiting-Turner Contracting Company; and Wayne Lingafelter, president of Corporate Office Properties Trust (COPT) Development and Construction Services, LLC, and executive vice president of Real Estate Investment Trust.
The ‘moguls’ discussed their respective development projects and fielded questions about Baltimore’s future.
Cordish, whose family’s development company was founded in 1910, said the city has had “wonderful successes” since the 1980s. However, for that growth to continue, Cordish said at least a half-dozen large projects are needed in the next decade.
“I love our city and I think we’re going in the right direction,” Cordish said.
While Beatty is also optimistic about Baltimore’s future, the developer of Harbor East and Harbor Point said a larger vision of what Baltimore can become is crucial.
“You need a strong, overall vision for the city,” he said.
Beatty suggests the city market itself as “one Baltimore” to connect its assets, which include Johns Hopkins University, University of Maryland, Baltimore, museums and the Inner Harbor.
He champions the Red Line, as well as a high-speed train that would offer service from Baltimore to Washington, D.C., or New York City in considerably less time than it takes to drive.
“We need connectivity,” he said. “We need all modes of transportation.”
The ‘moguls’ agreed that Baltimore’s branding – specifically perception versus reality – is vital to attracting developers.
They discussed the demand for environmentally conscious development, which includes LEED certification and innovative construction, noting the University of Baltimore School of Law building.
Lingafelter said investors are seeking LEED certified buildings, which he believes will hold their value over time.
He also said the boom of the cyber industry represents a “huge opportunity” for greater Baltimore.
Moderated by GBC President and CEO Donald C. Fry, this was the first of three speaker series events. The series includes networking, discussion, Q&A and how the GBC can focus on nurturing industry growth.
Each ‘Meet the Moguls’ event highlights different industry groups and aims to highlight job creation and investment that various industry sectors bring to the region, industry trends in the next 12 to 18 months and issues or concerns the ‘moguls’ are experiencing or foresee in the future.
If you go:
When: Thursday, October 9, 2014, and Tuesday, November 18, 2014; 7:30-9:30 a.m.
Where: GBC Offices, 111 S. Calvert St., Suite 1700, Baltimore, MD 21202
Cost: $25 GBC members, $50 nonmembers (single event purchase); $40 members, $80 nonmembers (tickets to two 2014 Speaker Series events); $50 members, $100 nonmembers (tickets to all three 2014 Speaker Series events)
October ‘moguls’: Dr. Kathleen Hetherington, president, Howard Community College; William E. “Brit” Kirwan, chancellor, University System of Maryland; and Dr. Jay A. Perman, president, University of Maryland, Baltimore.
November ‘moguls’: Karl R. Gumtow, CEO, Cyberpoint International; Todd Marks, president and CEO, Mindgrub Technologies, LLC; and David Warnock, senior partner, Camden Partners.
Contact Sara Garbarino at 410-727-2820 ext. 29 or firstname.lastname@example.org.