Take a look at the offshore wind development coming to Tradepoint Atlantic

Take a look at the offshore wind development coming to Tradepoint Atlantic

EB-5, EB-5 Visa, EB-5 Investment

Since purchasing the former Bethlehem Steel plant in 2014, Tradepoint Atlantic has demolished 17 million square feet of old industrial development at the Sparrows Point site, and soon a total of nearly 8 million square feet of the new development will take its place.

There's, even more, to come with an additional 7 million square feet of development planned for the 3,300-acre industrial site, which to date has seen an influx of more than $1 billion in private investment, Tradepoint officials said Monday.

Developers gave a tour of the completed and ongoing work at the site, in particular highlighting a 50-acre offshore wind staging center in the works. The project, announced in partnership with Orsted U.S. Offshore Wind in July, will be where hundreds of workers receive, assemble and ship out parts used to construct offshore wind turbines in Maryland, and beyond.

On a muddy bus ride through the site, Tradepoint officials showed off work being done to the staging area and highlighted other areas with the potential for future development. They include a graving dock that has commercial use opportunities and a chunk of land that has been looked at as a potential site for an expanded container terminal, should other ports in the region become too full.

Environmental remediation at Tradepoint Atlantic is also ongoing due to its history as a steel mill. Piles of rubble from demolished buildings, vacant warehouses, large cranes and other pieces of the site's industrial past litter much of the property. Interspersed are new warehouses for retailers such as Amazon Inc., Under Armour, Home Depot, Floor & Decor and others, showing the widespread interest in the area. It has been touted in particular for its rail and water access, and position near major highways.

Currently, 3.4 million square feet of development is under construction, ready to add to the 4.5 million square feet of new facilities built over the past two years.




  • Maryland

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.