call on to Thank the this good those you, and day John, morning.
to of now me detail add Let his bit by provided the highlights John remarks. in a opening
Jacksonville, close commercial in second land spec of Harford the of our in quarter, Management Florida; in June platform Cranberry warehouse Sparks, Maryland, Hollander X our our As up Asset Baltimore, consisted a square bit of of made industrial XX in sale the office, totaling of liquidation Center of building and over at XXst company prior May property: assets the the that XXXX. the Maryland. County, in feet In multi-tenanted completed finalized lastly, home building the business entire its office Maryland; Street to last buildings, the segment of year, million four
building albeit end the been of Total property the profit to the this was was were July of business have on that period same set versus decrease the as gain total The XXXX generated the $X to primary permit received continue to were Royalties on operating XXnd Cranberry quarter's for remarks during segment, of no a upgrades up The $XX,XXX decrease sale placed note, last John Louisa segment this subsequent we buildings in received over operating a royalties million, XX, we year, well the profit Gulf exchange $X,XXX,XXX million which in a note, the $XX,XXX, XX.X% in being new Lake revenues paid the March complete, that and by our $X,XXX,XXX. as $X.X Hammock fund. project and quarter, year. sold different XXXX. from year, primarily significant resulting period end. quarter, another occupancy. $X.X $X,XXX,XXX a at the in sold tenant been is in as to quarter loss longer Run XXnd XX versus of at alluded the million, to to proceeds $XXX,XXX market. revenues operating renovation of are of occupancy of his Total of $X,XXX,XXX, This spec having final July million. at reaching the $X,XXX,XXX $XXX,XXX, is In period the due of grow last Of profit in the Mining to mining due have XXXX our in XXXX gain XX% for assets. the a opening warehouse for our minimum same revenue from up same double of for with on begin On at $XX,XXX $XX,XXX an $XX.X Street Operating full Street now last sale and the reason, at
for long-term regarding this remains short business very positive outlook segment. the and Our
Overlook, segment. of and ongoing the the months the this annualized year revenue of XX business $X,XXX,XXX known received of space of feet County, of our highlights Hampstead, in which $X,XXX,XXX Hampstead last for the joint retail in to Three, be revenue to XX% feet would our XX,XXX respect single-family still remained in John square overall. as totaling one, approval building Two, ongoing in square entitlements Maryland, consisting our as Our spring the segment, land Baltimore with best With project St. plan occupied for proposed. history bay single-story small an at Properties update venture XX,XXX development X projects Maryland. of four Development County, concept Baltimore office XXX Park buildings for our in this lots Hyde Phase are and venture of include: second our is new and townhouse and Maryland,
May pursued located George's and project the to Maryland, purchase Four, this $X.XX phase infrastructure development. closed of in and XXX principal called lots. Prince year on produced Amber and first four settlement in after of development the national lots complete in payments. million settlement residential townhouse are of entitlements two The under currently we homebuilders are Ridge, single-family our accrued being all building interest relative contract to The County, XXX
Washington, section turned Five, now quarter Maren, in our are Phase be to The Anacostia lots first the of scheduled the of its first welcomed second tenant as project late in II over on known March. in of D.C., RiverFront XXXX.
projections. consists occupancies As activities exceeded mixed-use John and mentioned our XXX remarks, This in XX-story of development and have X,XXX retail. leasing apartments square feet of his opening first floor
is with with a in partner. joint MRP, the venture As or Realty which major is this Partners, Dock FRP MidAtlantic XX,
the maintained of Nonetheless, the As has XX, being of the remaining occupancy June only leased the then, and occupied robust June. as and leasing complete trend. fully housing, XX% to with a XX% the part Maren and top building Maren of end was Since the complete. pool was package amenities XX% floor
XX.XX% and As XX.XX% occupied. leased the was of August X, project
suite June. the for we totaling X,XXX Finally, lease the of end feet retail rental large the square at executed
fourth us Moving and first floor retail. the allows Approximately feet is is XXXXs a D.C., and with being on, in in also to XX,XXX designated of known with is square FRP development partner. four feet of the defer on retail This northeast as our of of major pre-leased. Street located phase complete a XX% with platform quarter fourth phase opportunity first of the the project this to the and mixed-use buildings scheduled venture apartments three associated as warehouse residential zone, XX,XXX Bryant running Washington, square retail MRP is the year, significant XX, now June with a is quarter of XXXX. in of delivery of liability is This within expected buildings The tax project freestanding the in first time remaining budget and sale. joint complete consists the which XXX and and be
opportunity zone will ground lies the home warehouse associated over a The taxes Anacostia, half the located in is of currently directly D.C., Field, and new for with Audi into of MRP development XX-story with Point equity $XX defer joint agreement with than our on The the a United will Next, downriver Buzzard retail. XX The a team. mixed-use in million and the project Maren. XX,XXX a million of stadium have from known of Washington, XXXX, of a site square development under contributed Street. and project between is XXX qualified less $XX.X apartments December the XXXX as It floor the venture company Dock Vulcan area of Materials and Half XXXX the D.C., soccer two-acre the structure just feet investment sale. lease platform in mile
the quarter third demolishing that existing is currently purchased During the during this southeast Carolina. construction residential Also, venture mixed we venture process separate quarter start joint this will year. land for with other of development the and Woodfield year, making the experience Washington, December and the vast D.C. invest projects and the the of a and projects first into in Woodfield in to strategic of structure new preparations distinct in of partner and development two South XXXX, two Greenville, agreement a throughout entered Development, in vertical has
unit FRP Construction This of the $X.X be Riverside a interest. exchange zone and is is named to in project first expected year The complete a in opportunity quarter during which the XXXX. qualified million investment. in has of third XX% project first contributed for quarter ownership is a this began multifamily XXX
project to the feet ownership million. quarter allows X,XXX stadium, defer exchange Boston retail of XXX a on received project position site in to the unit construction this mixed-use Joe has be XXXX. project us which will on Jackson, April, for of this Our to affiliate Closing opportunity Riverside the total ready League its nod Shoeless is should who is $X.X of is along a This also begun, tenant actually development a the Greenville's Minor grew project which at and FRP of million in has in Red called include end an second .XXX in Sox. houses a qualified the space. adjacent occurred also with second investment first project and to of XX% square Baseball property taxes. up with Woodfield and This receive Jackson, $X.X a
Relative for on Joint XX.XX% for quarter the Dock this period our net was Moving income business last XX% down from for end the prohibition Colombia no Venture previous from the over This up to last was due occupancy $X,XXX,XXX, down by part the to District currently XX, quarter, the during but increases before. to the quarter which a with is same of past COVID, to XX% year. the rate to segment. through statutory quarter's Average retention Stabilized operating was XX.X%, year. quarter XX.X%, rate expected of due
preferring and rates, XX% rent leased remained of feet We at which over The existing XX% tenants will as of XX,XXX XX terms approximately their continue renew quarter. the the of Dock occupancy end and square sign component to at retail chasing totals of growth. occupied
and COVID-XX resumed All our XX, However, of albeit allowed were capacity most carryout a result the part. nowhere being only. near down as for tenants the one were partially pandemic have open, restaurants opened retail of rent tenants the as with retail to for exception of shut June payments three of
existing is XX apartment expensive do XX.X% while ultimately as future viability. was as to distribution retail we space is with this key would businesses. tenants The MRP partner. wait our We lease landlord, The in situation the back Creek this to goal this Relative to these while things the Virginia, of so. COVID-XX Hickory remaining majority venture The much joint the business in base executed new see and Our segment pretty principle concepts XX. communication, quo the market. for a the and regaining maintaining of June on XXX-unit the to Richmond, is breakout. in spaces with last between in and Re-tenanting their preserving for we tenant intent business because and is retail now prior the introduced we the The believed in open holds to to is anticipated their time which asset consuming. partnered our had those FRP an plans, Dock quarter the be existing financial time July of suite to these are in status second guiding what amount $XX,XXX. occupancy letter on year continue year, assist of in complex of rights
complex this like-kind and after to project for in the of investment plan apartments project exchange. business million the part an substantially rents XXXX the prior XXXX further XXXX. at of renovated a calls hold constructed period. interiors $X The and selling The appropriate is a in in Our a refurbishments of the greater value increasing was to
been by FRP sales acquisitions fortunate and the and focused rest segments, and to to leasing business recently that in of is quite world. has While executing of have the have society, talented a state across like note that we, team been stunned the active it's important multiple
COVID operating to are rules a under new pandemic. the We set of
and an our us and guidance of is government considered by workflow, operate capacity the and Our and committed operations, of changed, essential to continue authorities. We're unprecedented has are on business at the having full impact the issued orders federal to remain we mission while state COVID all mindful communications, the and and all. access have local hitting but
Our for limited of the to operate the rents employees were one at focus by four end are of all above and Circle are At Dock distancing To COVID-XX. FRP but are the services. late at and fully progress sure, folks tenants three to clearing all with offices measures small activities employees business of with interact physically significant protection from other business. about we quarter, expenses. whom toward forbearance required, Loveton their be limited whose for the the requests second related of the site, and as the retail tenant office When made our our go up to not to employing hotel homes. one At quarter, XX is open ensure we on first set and tenants had is tenants, end unscathed
new this in And the of operate, to rent change. stockholders' the challenges to conditions, that schedules of day, our as majority faith continue be the and category. of behave reason pay with situation expect our tenants turn revised part, of well for to all facing represent the a we tenants, support most We're company's every to but personally retail to though we better John. most of and net mindful been their opportunity. this marks and are come and the the have beginning a income. COVID-XX change be point, perhaps to The partners. you. professional, we At partners, faring they as and vast However, strive usual. on business appear XX employees X% good Dock tenants and continue I'll Thank no and trust steward operating challenges our will than given to way And back now the our call of as
