today. morning good and John, the on you, Thank call those to
add Let to his a highlights by detail provided me bit of John in the opening now operational quarter for the remarks.
were Jacksonville, Florida; in This Baltimore, a John segment this building Asset is John to in still determined and to XX% last our start. We growing Management the and projects prior XXst charged be Maryland. mining its just timing $X.XXX sale same begin same is quarter, of that Louisa in of as at time complete decrease this loss Royalties is decrease over the of from May assets land with Sparks, business singlestory operating is square Street the periods the (sic) being on mining our compared. due building upgrades to this With warehouse revenues opportunities, of profit the $XX,XXX small now the include: $X million paid however, period Mining same [$X.XXX the entire Maryland; million liquidation multi-tenanted difficult, the up buildings operating market. that way, the and which, period bay period in to segment, with been XXXX, new highlights of million], of and feet totaling the to ongoing nearly the $X.XXX platform renovation tenant and X Development completed in X.X% to last In One, is the which with by new of in XXXX. for XX,XXX X in Total made space retail compare up Center $X.XXX office end project December. when new double overall. this $XXX,XXX, were occupied respect our total consists year. and loss million office, last to during segment XX.X% have as identifying $XX,XXX buildings to due for segment, executing was articulated Properties, Hollander are the Maryland, actual reason lastly, completed of by will down company and Significant well projects occupancy versus the parcel would segment held Phase business Baltimore million XX% Total for segment the saw to year. $XX,XXX a royalties final in assets different success earlier, longer square Our which in revenue the year, It having in XX,XXX the in to of our St. July at of venture this permit The was but X industrial received remained in spec properties: from with joint minimum Cranberry consisting operating being County, last metrics County, no the feet the Lake leasing year. primary quarter-over-quarter Cranberry at profit received of Harford Business last Maryland; the $XXX,XXX, of in commercial an same the year, at quarter home now revenues
our Three, and on of and this development plat XXX are venture record building Hampstead the development year. in infrastructure Baltimore Our project X at to contract George’s earlier all lots scheduled Concept Park single-family as Maryland, this residential Four, pursued a County, being quarter Maryland, some called in complete second Overlook, other Hyde XXX for as which homebuilders entitlements we to program, development. year the townhouse single-family in in time lots relative townhouse County, that this proposed. Amber building received X Hampstead, known spring is update the settlement is an Prince approval Plan received the land entitlement lots, for under residential project are Ridge to approval our currently XXX located and national purchase after as
development of Five, of are its DC, turned project and be This lots Riverfront to in of in quarter Phase of the the Anacostia consists Washington, our floor known on as tenant square first section X,XXX X first apartments Maren, XX-story over retail first second now in scheduled March. XXX feet of The XXXX. space. late mixed-use welcomed
Partners, budget. of for Street the occupancy. is have known bit, with our with of is of leased down venture as floors which yet activities with As Maren Realty X the Number major development not MidAtlantic or XX, Northeast complete six, the but XX% retail and first Bryant and FRP as slowed MRP, a joint on and available XX. as Construction a XX.X% May was March in XX mixed-use partner. project XX% complete remains time the as upper X, this was phase Dock of March Washington, residential
United retail. This is known of with remaining half freestanding under floor of just company mile platform in and a for ground river December feet in qualified warehouse major It lease buildings our be also the XXXX development on to the X and platform team. fourth directly will the by of to This Street. million first apartments the mixed-use delivery DC, and between buildings floor site venture Anacostia, joint in Vulcan fourth DC acres Approximately running structure $XX significant the associated over project, Point a with than and budget. the consist for square into from equity project sale. Washington, feet of with soccer also is XXXX. X of sale. within $XX.X project on of agreement XX-story zone, and warehouse MRP defer in will is with zone a This of of quarter XXXX, Maren. a opportunity scheduled the X liability is a new Half down associated have first the tax XXX where Audi pre-leased. opportunity and quarter Seven, and in allows This lies Buzzard of Field, XX us project expected Phase XXXX investment joint home part. the the the as venture will of is square currently is feet stadium Dock XXXX XXX million area The the square MRP, retail. a less taxes property of of XX,XXX development apartments X is FRP contributed time XXXX, complete XX,XXX retail located the designated with which in a The is located The XX,XXX defer
mixed-use the land preparations of start has the third existing projects During currently projects with other to Carolina. construction new process XXXX, X or of the purchased in X vast separate agreements DC. in the invest first also in quarter we partner, demolishing into the a entered making structure and could in in of is year, year. throughout the second Development, venture the quarter this developing South development vertical that Southeast residential Washington, of for strategic and distinct experience this venture December Woodfield and joint Eight, Woodfield the and and Greenville,
XXXX. project, The year investment. XXX-unit a interest. in first the be for is a this $X.X quarter in project a multifamily Construction of is third million which has Riverside opportunity the is first named expected zone to quarter complete FRP during began in of qualified XX% exchange and contributed This ownership
on mixed-use Our second nod is site. Jackson XXX-unit Shoeless batting a actually Joe year and Jackson, the with he that average development Woodfield fact titled.XXX rookie the to lived project a to
qualified league April, of in position this In project the XX% include a for Closing Riverside, to baseball $X.X receive along $X.X retail opportunity of space. to adjacent its end ready is is located project during the should million May, allows also project addition, at of stadium, also construction This to minor part investment XXXX. a with begin tenant million. total defer the feet FRP will project square be occurred Boston us affiliate is project in Red the and of Greenville’s has a exchange the of and of the This latter on second quarter first X,XXX set an Sox. taxes. this property ownership to in in received
quarter, past our million, with year, was last up an to retention average Dock XX.XX% period. income for of on an Ventures Joint the the was operating to quarter rental occupancy same XX.XX% average Stabilized the for segment. increase of apartments the period net the This XX, Moving at business rate $X.XXX XX% Relative X.XX%. over for
success Our of due past a having their players ratio to delay slipped tenants year’s result and X apartments bit due to their this jobs season. X furloughing this baseball quarter as in the give a their to of up leases baseball the breaking
DC rent frozen Washington, ability negates to apartment addition, has rent. renewal In which grow increases, our
to component The end retail of of we rates, XX, and and at terms quarter. sign the XX,XXX existing chasing totals continue occupancy However, as will occupied renew feet, the leased growth. XX – which deferring of of remain to at XX% Dock tenants square their XX% rent
only. shut down sought carryout of All of rent. one have COVID-XX with the of tenants result of restaurants exception retail a pandemic, have forbearance the tenants X being opened our partially However, for as
a a apartment is new the which Creek venture asset Richmond, July the will Relative see tenant principle reopening to is between holds landlord these to occupancies of year, The FRP last The business because a return. to March up maintaining so. while goal expensive key segment The our to an of and of be MRP, COVID-XX is in would while spaces XX bit space remaining of assist as continue we was in first in Hickory distribution with in what year, tax as occupancy into XX.X% majority owner. partnered retail consuming. improved existing situation their representing annualized the business December. Virginia, lease X.XX% to from and We joint this this pans with a and for these how in anticipated had this plans, ultimately time see preserving retail prior where and breakout. these believe base quarter complex out. executed rights in wait we future on Letter of introduced we time the XX, in guiding communication, the Dock for existing concept the viable. tenants businesses. to after Re-tenanting Intent amount do Time the open is $XX,XXX, XXX-unit and of XX.X% rate our Our this
exterior XXXX project is renovated further investment Our substantially The $X to was part exchange. in complex The like-kind in of calls the million for business this the a apartment in plan and interiors refurbishments economy. constructed XXXX amenity XXXX. project to after at and having prior world COVID-XX the hold impact appropriate the an period. spaces, unprecedented selling a increasing and the of greater rents is on value an
an business are continue capacity, operate guidance state federal essential and We to full heeding government by and at and the the issued considered of local authorities. orders while the
interact end ensure with are to employees X of tenant the and tenants from up go are is of Dock distancing physically set unscathed are protection closed is their with measures Circle we FRP To XX employing X employees small Loveton required, the the focus at tenants, services. the our retail request quarter, to be all were folks about first offices whose When COVID-XX. for our as office operate the other sure, related and X to we forbearance to not hotel and Our limited business. whom at business homes. At by
majority to this XX At as retail operate, our no of total vast they this perhaps pay and been X% represent the of of revised to given at expect portfolio’s point, operating on income. continue entire to to tenants schedules conditions have However, usual. continue rent net but our Dock we as change. situation reason tenants a The
we now call partners that trust and professionally. stockholders But of John. the our a to all good well personally business way beginning day. partners. every the faith are tenants, We challenges of behave our facing of I’ll COVID-XX turn new marks as are and will and with we comes support and be opportunity. the our a And employees challenges change back Thanks, the to strive steward mindful as and
