“This new home helps us adapt to the market and move in what we believe is the right direction for the company.” Neil Jurgens VP, Corporate Real Estate
Under Armour - Ivory Shell Renovation
CONGRATULATIONS Neil Jurgens and the Corporate Real Estate Team for your global leadership from your local partner Plano-Coudon Construction.
Your Vision. Our Mission. P: 410.837.2570 F: 410.837.2571 W: www.plano-coudon.com
OCT | NOV | DEC 2016
teams have learned exactly what touches each business unit needs. Now, they can bring those nuances together in one location to promote collaboration. Sales people, wholesale partners, and stakeholders can tour the innovation group and adjacent areas to discover what’s on the horizon. While the project will elevate the Under Armour brand, the city of Baltimore will also reap the economic rewards, as the complex will either create or support an estimated 12,000 jobs. Additionally, by opening the secure HQ’s waterfront area to the public, Under Armour will help revitalize a forgotten industrial corridor that’s been a black hole swallowing other attempted developments. Under Armour is building public access to the site’s lake and will host exhibitions at onsite locations that include a 7,000-seat stadium and an NCAA-rated track. Jurgens and his colleagues are in talks with the city and the state of Maryland to develop public transportation options that will bring employees and visitors to Port Covington. That move is just one of many steps the company is taking to address sustainability. The complex will also generate some of its own electricity and also employ a unique water infrastructure to draw water from the middle branch of the Patapsco River. Once filtered, the water will help cool campus buildings before returning back to its source. Those efforts, along with rainwater reclamation, will help reduce the campus’ potable water requirement by an estimated 80 percent. The project, announced in early 2016, is generating excitement at Under Armour’s existing Tide Point headquarters, a landlocked area that houses nearly 2,000 teammates. “This new home helps us adapt to the market and move in what we believe is the right direction for the company,” Jurgens says. “It will become an asset that allows us to stay nimble so we’re not locked in to an old way of thinking or doing business.” Just after the announcement regarding Port Covington, Under Armour released its financial report for the last quarter of 2015. Full-year revenues jumped 28 percent to $3.9 billion. Stock prices are up, and the growing company is hiring hundreds of people each year. Things are looking up at Under Armour, and Jurgens is confident he’s creating the right space to support the company’s continued success.