Under Armour chief executive Kevin Plank — who got rocked last year by reports that he had presided over a frat-house culture at the athletic wear giant — will step down from the role next year. Owner Kevin Plank, who purchased the historic farm outside of Glyndon, Md., in 2007, recently announced plans to discontinue the Thoroughbred training, … The $6.5 million project was funded in large part by Plank’s Cupid Foundation and Under Armour (NYSE: UA), but as Plank reminded the crowd, “Things like this don’t just happen from one person.”. The Baltimore Business Journal today posted a story on Kevin Plank’s plans to build a new mansion on 65 acres in the Green Spring Valley.The piece was written by Melody Simmons, and Baltimore Fishbowl Editor Susan Dunn contributed to the report. The UA House is part of Living Classrooms’ target investment zone, a section of East Baltimore the nonprofit wants to revitalize through educational, recreation and workforce development programs. Kevin Plank was born on August 13, 1972, in Kensington, Maryland, the U.S. Under Armour Inc. CEO Kevin Plank has put his house in Washington, D.C., back on the market at a 17% discount from when it was listed last year.Plank listed the 12,000-square-foot estate in Georgetown last year for $29.5 million, making it the most expensive residential property on the market in the nation's capital at the time. After his death and on his instructions, Margaret Emerson Vanderbilt passed it to her son Alfred G. Vanderbilt, Jr. for his twenty-first birthday. Hearst Television participates in various affiliate marketing programs, which means we may get paid commissions on purchases made through our links to retailer sites. Under Armour is scrambling to do damage control amid reports that its chief executive has run the company like a frat house. Plank purchased the house in 2013 for a reported $7.8 million. In time, Piper Bond and Plank plan to scale and replicate the zone to apply it in other parts of Baltimore and the country. Piper Bond considers the UA House to be the “heartbeat” of the Living Classrooms Foundation’s target investment zone. Plank purchased the house in 2013 for a reported $7.8 million. Receive daily coronavirus & public health news straight to your inbox. The 200-year-old Federal-style mansion sold for $17.25 million, way under the $29.5 million originally asked but still a huge number for the Georgetown market. Under Armour Inc. CEO Kevin Plank has put his house in Washington, D.C., back on the market at a 17% discount from when it was listed last year. Boyd Rutherford. Sagamore Farm is an American Thoroughbred horse breeding farm on Belmont Avenue in Reisterstown, Maryland. Kevin Plank, founder and chief executive officer of Under Armour Inc., speaks during a keynote event at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Friday, Jan. 6, 2017. Congratulations to Rosa Flickinger on passing the CPD exam. The 2.5 square miles of Baltimore will become an example of how community centers such as the UA House can be used to create “a pipeline of services from cradle to college and career to disrupt the cycle of poverty,” Piper Bond said. Under Armour was founded on September 25, 1996 by Kevin Plank, a then 24-year-old former special teams captain of the University of Maryland football team.Plank initially began the business from his grandmother's basement in Washington, D.C. Young applauded Plank for wanting to build more community centers and thanked him for being the “corporate partner that the city of Baltimore needs.”, The video and article can be found here: http://www.bizjournals.com/baltimore/news/2016/11/22/kevin-plank-living-classrooms-foundation-unveil-ua.html?ana=e_ae_set1&s=article_du&ed=2016-11-22&u=KztR3hXkgYhX0XttZQuF2Q0972e7b4&t=1479905175&j=76535911. Remaking Baltimore’s Waterfront, With a Splash of Whiskey. The piece is excerpted below. Other features include a chef-grade gourmet kitchen, a whiskey and cigar room, a detached gym, and a heated lap pool.Tap here to see more photos of the house from the Baltimore Business Journal. The 12,000-square-foot Georgetown mansion at 1405 34th St. NW owned by billionaire Under Armour founder Kevin Plank has sold for $17.25 million. Kevin Plank’s latest establishment, Rye Street Tavern, made its debut last night. Tap here to see more photos of the house from the Baltimore Business Journal. Under Armour founder and CEO Kevin Plank took out a full-page ad in Wednesday's Baltimore … He spent his time traveling along the East Coast with nothing but apparel in the trunk of his car. With $650M financing, Port Covington developers say they can move forward By Stephen Babcock / staff Join 30,000+ … image icon. The property was recently listed again for $24.5 million. Kevin Plank addresses controversy with ad in Baltimore Sun. This field is for validation purposes and should be left unchanged. Flanked by government officials and business leaders, Plank described the 30,000-square-foot UA House as an accelerator for the community and said building it was like starting a fire by, “taking a tiny little match and then pouring about 100 gallons of kerosene directly on top of it. The next year, his charitable arm funded 40 summer jobs for Cherry Hill, Baltimore, public school students in the maritime transport industry. Sagamore Pendry Baltimore Opens Its Doors. Next, Plank, the CEO of Under Armour Inc., hopes to replicate the project about 30 times throughout the city.. Kevin Plank’s a new vision for Sagamore Farm. Eric Angelus/TTR Sotheby’s International Realty, SOURCE: Eric Angelus/TTR Sotheby’s International Realty. Plank donated $1 million through The Cupid Foundation to the Baltimore-based CollegeBound in 2016. Baltimore's Port Covington development team will begin the next phase of construction on the waterfront revitalization project with more than 1 million sq. February 2018 Peek Inside Kevin Plank’s New Baltimore-Themed Hotel. After founding the company in 1996, Plank moved Under Armour’s headquarters from a Washington, D.C., row house that belonged to Plank’s grandmother to a warehouse in Baltimore … The 128-room property sits perched on the historic Recreation Pier in the Fell’s Point neighborhood of the city. Kevin Plank, the CEO of Under Armour, honored the company's home base of Baltimore as President Trump has attacked the city. By:  Carley Milligan, Baltimore Business Journal. 2015 Plank overhauls the property with the help of Baltimore interior designer Patrick Sutton, adding a nearly $1-million, 22,000-pound marble grand staircase. Remaking Baltimore’s Waterfront, With a Splash of Whiskey. Michael Rankin, of TTR Sotheby's International Realty, and Lydia Travelstead, of Monument Sotheby's International Realty, hold the listing.The Federal-style home was built in 1810 and has eight bedrooms, eight full bathrooms and four half bathrooms. Next, Plank, the CEO of Under Armour Inc., hopes to replicate the project about 30 times throughout the city. Today, Under Armour continues to break ground by making the world’s first spacesuit for soon-to-be space sightseers. WASHINGTON — Under Armour Inc. CEO Kevin Plank has put his house in Washington, D.C., back on the market at a 17% discount from when it … © 2021 Burdette, Koehler, Murphy & Associates. After President Donald Trump derided Maryland Democrat Elijah Cummings and his Baltimore district, Under Armour CEO Kevin Plank defended the … Kevin Plank, Under Armour’s charismatic founder and recently departed CEO, and his wife Desiree (née Guerzon) have finally unloaded their sophisticated Washington, D.C. home — albeit with a steep price concession. By: Carley Milligan, Baltimore Business Journal Kevin Plank and the Living Classrooms Foundation on Tuesday showed off the UA House at Fayette, a new community and recreation center in East Baltimore. Baltimore-based designer Patrick Sutton and Annapolis-based Pyramid Builders extensively redesigned and rebuilt the entire house, including putting in a $1 million staircase constructed with the same marble used for the Thomas Jefferson Memorial. Other features include a chef-grade gourmet kitchen, a whiskey and cigar room, a detached gym, and a heated lap pool. Redevelopment plans for the South Baltimore site spearheaded by Kevin Plank now include cyber and life sciences space. The Federal-style home was built in 1810 and has eight bedrooms, eight full bathrooms and four half bathrooms. Historic Baltimore-based Horse Racing Stable Located in Maryland’s beloved horse country, the 530 acres of Glyndon landscape that was formerly used to nourish, shelter and train Thoroughbred racehorses will now be used to supply the corn, rye and limestone-filtered spring water that is necessary to support Plank’s whiskey distillery. 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