Mark Sapperstein is no longer under contract to buy Under Armour’s former Tide Point headquarters, leaving the sprawling Locust Point waterfront complex without a clear path forward. The developer confirmed Wednesday that the tentative deal, which would have sent the sportswear giant’s old home to his firm, 28 Walker Development, never formally closed — meaning Under Armour still owns the property outright.
According to The Baltimore Banner, Under Armour had reached a tentative agreement in 2025 to sell the Tide Point land to Sapperstein, but that arrangement has now collapsed, leaving the property’s future undetermined. Under Armour spokesperson Matt Dornic declined to comment on the matter, the outlet reported.
Separately, Cristo Rey Jesuit High School had considered repurposing the Cheer Building across the street from Tide Point as a potential new campus, but its board chair said the costs ultimately deterred the plan. The Baltimore Business Journal reported that earlier concepts for the Cheer Building had included the potential move of a private school alongside housing, retail and hospitality offerings.
A Complex With a Long Industrial History
Tide Point sits on the northern side of Locust Point in Baltimore, a waterfront parcel the Banner describes as covering 12 acres — though a separate SouthBMore.com report pegs the complex at 14.6 acres with 406,569 square feet of building space. The property was formerly a Procter & Gamble soap factory, with the company operating a plant there for most of the 20th century before it was transformed into an office complex in 2004, per the Banner…