SP Corporation announced a five-year contract for its suite of Sphere® technology at Baltimore Peninsula, in Baltimore, Maryland. Baltimore Peninsula is a 235-acre redevelopment project led by MAG Partners, located on Baltimore City?s prime waterfront, featuring investments from Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management. It is a vibrant mixed-income residential neighborhood and thriving business district, supported by waterfront events and activities, new restaurants and social destinations.

SP+ was selected to design an ambitious and tech-forward parking plan for this project, which currently includes a nearly 1,200-space garage equipped with SP+ proprietary Sphere Commerce? On Demand Platform and license plate recognition (LPR) technology for enforcement. Earlier this month, SP+ initiated paid parking and enforcement for nearly 100 street spaces and is planning to add 750 parking spaces over three surface lots later this fall.

This year, Baltimore Peninsula opened over 1.1 million square feet of new office, retail, and mixed-income residential. Highlights include the recent unveiling of an over four-acre outdoor sports venue in partnership with Volo Sports, the opening of ROOST Apartment Hotel, the announcement of Clyde?s Restaurant Group?s takeover of Rye Street Tavern and welcoming its first residents in April to Rye House and 250 Mission.