A downtown Baltimore office tower designed by the famed modernist architect Ludwig Mies van der Rohe and owned by the late Peter Angelos will go to auction next month.
A two-day, online auction of One Charles Center is set to begin April 16, according to a listing by Ten-X. The starting bid is $1.5 million.
The 22-story aluminum-and-glass tower, designed to resemble New York City’s Seagram Building, was completed in 1962 and ushered in a wave of urban renewal around Charles and Lexington streets. Angelos acquired the building for $6 million in 1996, according to state property records.
The class-action attorney and longtime owner of the Baltimore Orioles died March 23 at 94 years old. A sale of the baseball club to an ownership group led by billionaire and Baltimore native David Rubenstein was finalized on Wednesday for $1.725 billion.
One Charles Center is the latest of Angelos’ assets to hit the market. An Angelos-owned firm sold the 7-story Court Towers office building for $13.55 million in 2021. His waterfront three-bedroom, three-and-a-half bathroom condominium at the Ritz-Carlton Residences in Federal Hill was recently listed for $1.7 million, according to the Baltimore Business Journal, which first reported the One Charles Center auction.
The 346,000-square-foot skyscraper at 100 N. Charles St. is valued at nearly $10 million, per a recent state assessment. Only about a third of the building’s office space is occupied, according to the Ten-X listing. Tenants include the personal injury law firm founded by Angelos, Peter Angelos Law, as well as Quinn Evans Architects, BCT Architects and the Center for Architecture and Design.
In 2022, Angelos floated the idea of converting the skyscraper to luxury housing. The Ten-X listing says the building presents a “dual opportunity” for a new buyer, who could “enhance its value through office tenancy or… transform it into a premier urban high-rise.”