Margaret Anadu, managing director of New York’s Goldman Sachs Urban Investment Group (UIG), was in Baltimore Tuesday to talk about her company’s $233-million investment in the 235-acre Port Covington redevelopment project in South Baltimore.
Goldman Sachs is now co-owners of the project along with Sagamore Development Company. Weller Development Company will be leading the development and construction of the project.
The $233-million investment from Goldman Sachs is the largest single private equity investment made by the firm’s UIG to date. At a press event yesterday, Anadu spoke about the company’s decision to make such a large investment in Port Covington.
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