Required fields are marked *. Your email address will not be published. Under Armour founder and CEO Kevin Plank and his wife DJ Plank listed their home in Georgetown for $29.5 million, currently the most expensive listing in Washington, D.C. Get your evening news in your e-mail inbox. Under Armour Inc. CEO Kevin Plank's 35,000-square-foot estate being built in the bucolic, rural Green Spring Valley is on hold.. Work on the eight-bedroom mansion on 65 acres in … 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. The … Watch live: Maryland Gov. In the most recent phase of a restructuring, the company announced plans last month to slash its global workforce by 400 workers by early next year as it tries to rejuvenate sales. Time limit is exhausted. Plank’s building permit for the Greenspring Valley house is valid until January and can be extended for a year, county officials said. He has many luxury cars in his garage, including Jeep, Land Rover Defender, Mercedes, and Hummer, etc. Plans for what might be the biggest house in the state had raised concerns among conservationists and residents who want to protect the Green Spring Valley area from development. Hogan holds news conference to discuss budget proposal, Plank has taken steps to demonstrate his focus on the Baltimore athletic apparel brand, sold a stake in the massive Port Covington project, listed their home in Georgetown in Washington, D.C., for sale, [Most read] Dante Barksdale, ‘heart and soul’ of Safe Streets, is shot to death Sunday in Baltimore, officials say, State lawmakers subpoena 2 more in Maryland Environmental Service investigation, Billionaire Samsung heir gets 2.5-year prison term over bribery scheme that also jailed ex-president, Howard Community College named COVID-19 vaccination site as county ramps up to start Phase 1B, Bowie State and Bowie High look to future sports as pandemic continues. The home has been on the market for more than a year. }, 1050 30th St. NW Times are great at Under Armour and its CEO, Kevin Plank, is reaping the rewards of its success with plans for a massive mansion in Maryland. Earlier this year, Plank and his wife listed their home in Georgetown in Washington, D.C., for sale. BarnesVanze Architects were also an integral part of the team that executed the renovation for the house.  =  Under Armour founder and CEO Kevin Plank has stopped work on the nearly 35,000-square-foot, eight-bedroom mansion he was building on the ridge of a historic estate in a rural part of Baltimore County. Since then, however, Under Armour ran into significant headwinds. Plank accepted an offer of $17.25 million for the Federal-style home, which was constructed during the first term of President Madison, and features eight bedrooms and eight baths in its roughly 10,000 square feet. function() { In February, Under Armour co-founder Kevin Plank privately listed his 12,000 square-foot Georgetown mansion for $29.5 million. Geddes had told the Sun the Planks planned to place an easement on the land to maintain open space and that the house would occupy only a small part of the property. Please reload the CAPTCHA. Tech Tip: Start With a Fresh Session or Browser Window. var notice = document.getElementById("cptch_time_limit_notice_32"); “What are the limits of one person’s ability to impact a community that’s tried to orient itself around preservation and open land?” he had said. County building officials said Wednesday they expect to issue a partial occupancy permit in the near future for a portion of the Brooklandville estate that has been built so far, a guest house and gym. Baltimore Business Journal reports that the Washingtonian, citing a “well-connected source,” has named Under Armour founder and CEO Kevin Plank as the buyer of 1405 34 th Street NW — “one of the most important houses in Georgetown,” according to Washington Fine Properties, who brokered the sale.. Time limit is exhausted. 45 Kevin A. Plank was … He sold a stake in the massive Port Covington project, where The Baltimore Sun is a tenant, to Goldman Sachs. (function( timeout ) { notice.style.display = "block"; Rankin also represented the buyer, identified by the Washington Business Journal as Priory Holdings Trust. But “the main portion of the house has not been constructed at this time, with no time frame to construct according to the contractor,” the county’s chief inspector, Matt Gawel, wrote in an email to Arnold Jablon, county director of permits, approvals and inspections. Plank’s over-the-top mansion on 34th Street, NW, spent two years on the market before finally selling in June at a steep discount from its original asking price of $29.5 million.. Jeff Bezos, founder of Amazon (and the richest person in the world) Bought in Kalorama for $5,000,000 An 1898 mansion on the property, last occupied by the Bunting family, descendants of the founder of Noxzema Chemical Corp., had been razed to clear the way for construction. Kevin Plank’s Georgetown mansion sells for $17.25 million August 27, 2020 0 By Stephen Callahan Kevin A. Plank is founder and former CEO of Under Armour, Inc., a company based in Maryland, USA, that specializes in manufacturing footwear and sportswear. By Sam Dangremond ); .hide-if-no-js { The next step? Kevin Plank—founder and former CEO of Under Armour—sold his home in the District of Columbia’s Georgetown neighborhood in the final days of this spring. In 2018, Under Armour co-founder Kevin Plank privately listed his 12,000 square-foot Georgetown mansion for $29.5 million. The piece is excerpted below. 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. © Georgetown Media Group. Under Armour CEO Kevin Plank embarks on megamansion in Baltimore County. Kevin Plank, founder of Under Armour Sold in Georgetown for $17,000,000. Plank recently stepped down as CEO of Under Armour, though he still works with the company as Brand Chief.With the sale of the Georgetown home, Plank has let go of one the oldest, most storied and most expensive homes in the region. Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. Kevin Plank With Michael Phelps. He also shifted the project’s leadership to Weller Development. Kevin Plank's Georgetown Mansion Selling For $24.5M: Reports - Georgetown, DC - Under Armour CEO Kevin Plank is selling his $24.5M Georgetown mansion. He is the owner of the Georgetown Mansion in Washington, DC, the USA worth $7.8 Million. His renovations in 2015 — by Baltimore-based designer Patrick Sutton and Annapolis-based Pyramid Builders — included the addition of a $1-million marble staircase and a cellar room for drinking whiskey and smoking cigars, along with a heated pool and a separate gym. Under Armour CEO Kevin Plank is building what may be the biggest house in Maryland on the crest of an historic estate in a bucolic part of Baltimore County that conservationists and wealthy residents have fought to preserve from development for more than 50 years. Kevin Plank, the founder of Under Armour, has just sold his luxury home in Georgetown. Geddes did not respond to a request for comment. The project was expected to cost $6.6 million, the Sun reported in December 2015. setTimeout( if ( notice ) Plank's new residence was designed with eight bedrooms, 12 bathrooms, four powder rooms, an indoor pool, an elevator and a four-car garage, according to a permit application filed with the county in November 2015. Kevin A. Plank (born August 13, 1972) is an American billionaire businessman and philanthropist. He owns a nearly 16% stake of Under Armour. Kevin Plank and his wife bought the 65-acre Greenspring Valley Road property for $2.8 million using limited liability company Three Diamond Land in 2011. After two years on the market, Under Armour founder Kevin Plank has sold his Georgetown mansion for $17.25 million. Get all the top news and sports from the baltimoresun.com. Kevin Plank Parts Ways With Historic Washington D.C. Plank is the billionaire owner of Under Armour, a leading manufacturer of sports performance apparel, footwear and accessories.  ×  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. He has another house in Rehoboth Beach, Delaware. 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. And you won't believe what's inside. Listed for $29.5 million in February of 2018 — then the highest price tag in the metropolitan area — it was relisted for $24.5 million last October with TTR Sotheby’s International Realty’s Michael Rankin and Monument Sotheby’s International Realty’s Lydia Travelstead. Including Kevin Plank's Georgetown mansion and an Arlington estate with a Frank Lloyd Wright-designed guest house. The home’s former owner was banker Curtin Winsor III. Under Armour's Kevin Plank puts Georgetown home up for sale. The whiskey cellar, featuring Sagamore Spirit rye from Plank’s Baltimore distillery. Getting a homegrown infielder on the list. Originally listed for $29.5 million, the 12,000-square-foot home on 34th Street was sold to Priory Holdings Trust, according to Washington Business Journal. 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. Under Armour founder and CEO Kevin Plank’s historic Georgetown home is listed back on the market for $24.5 million after previously being listed for sale in 2018. All Rights Reserved. Mansion Home Under Armour founder Kevin Plank and his wife recently unloaded their historic Washington D.C. mansion for a reported $17.5 million, a price said to be far less than the property’s value of an estimated $29 million. Please reload the CAPTCHA. Kevin Plank's House (Google Maps). Because construction is on hold, workers have refilled and covered land that was excavated for the project several years ago, a practice required under the county’s building code, a county official said. 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Mitch McConnell blames Trump, others in power for provoking Capitol riot: ‘The mob was fed lies’, Calvert School preschool, Baltimore School of Music among tenants coming to Village of Cross Keys under new ownership, Mike Preston: Here’s how the Ravens can improve this offseason | COMMENTARY, Maryland expands vaccine rollout, with people 75 and older, teachers eligible next week, Eastern Shore superintendent files racial discrimination complaint against school board, escalating longstanding tensions, Hundreds mourn Safe Streets leader as Baltimore lights up City Hall Dome to honor Dante Barksdale, Maryland man arrested in U.S. Capitol riots, was placed at scene by GPS monitor required by his probation, FBI says. Was expected to cost $ 6.6 million, the USA worth $ 7.8 million his 12,000 Georgetown. Browser Window Curtin Winsor III the interior to a request for comment stable, a grading is! 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