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. 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. 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. He has many luxury cars in his garage, including Jeep, Land Rover Defender, Mercedes, and Hummer, etc. Kevin A. Plank was … After Under Armour faltered in the past two years, Plank has taken steps to demonstrate his focus on the Baltimore athletic apparel brand, including stepping back from his outside investments and distractions. Plank bought the eight-bedroom Federal home, originally built in 1810, seven years ago for about $7.85 million. He is the owner of the Georgetown Mansion in Washington, DC, the USA worth $7.8 Million. Your email address will not be published. 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. 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. 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. Please reload the CAPTCHA. Getting a homegrown infielder on the list. Kevin A Plank is Chairman/Chief Brand Ofcr/Founder at Under Armour Inc. See Kevin A Plank's compensation, career history, education, & memberships. One neighbor and longtime preservationist, Douglas Carroll, had told the Sun he was worried about the impact of such a large project in a rural setting. 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. Comment document.getElementById("comment").setAttribute( "id", "a9e7e7bfc03b39498cad0a23d04c233f" );document.getElementById("e5f44bd8c6").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. Plank is one of the young businessmen in the earth who has the vision to give something new to athletes and sportspersons. })(120000); Plank could not be reached through Under Armour, which referred calls to Tom Geddes, managing partner of Plank Industries, which oversees Plank’s non-Under Armour investments. if ( notice ) 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. 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. Earlier this year, Plank and his wife listed their home in Georgetown in Washington, D.C., for sale. All Rights Reserved. The athletic apparel maker has been working for the two years to reverse losses, stagnant sales and a steep slide in its stock price sparked by intense competition, closures of key retailers and changing consumer tastes. 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. ); By the end of 2015, excavation was nearly complete, the Sun had reported. “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. The home’s former owner was banker Curtin Winsor III. Kevin Plank, the founder of Under Armour, has just sold his luxury home in Georgetown. 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 … Since then, however, Under Armour ran into significant headwinds. Time limit is exhausted. Under Armour CEO Kevin Plank embarks on megamansion in Baltimore County. Watch live: Maryland Gov. 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. He founded Under Armour in 1996, initially running the business from his grandmother’s Georgetown townhouse and selling the brand’s first sweat-wicking T-shirts from his car. Tech Tip: Start With a Fresh Session or Browser Window. Now, we are getting a better look at the interior. .hide-if-no-js { notice.style.display = "block"; Geddes did not respond to a request for comment. Time limit is exhausted. Kevin Plank Parts Ways With Historic Washington D.C. timeout 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. Your email address will not be published. var notice = document.getElementById("cptch_time_limit_notice_32"); Childhood. 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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. 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. Courtesy Washington Business Journal. 45 Required fields are marked *. As of June 2014, Forbes estimates his fortune at $2.4 billion. As of June 2014... Kevin Plank's House in Lutherville Timonium, MD - Virtual Globetrotting The … 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. The project was expected to cost $6.6 million, the Sun reported in December 2015. Under Armour's Kevin Plank puts Georgetown home up for sale. The piece is excerpted below. Plank has recently purchased fitness, health & calorie counting apps and has this goal to come up with the best online health platform in the world – that would rival Apple, Google, Fitbit & Jawbone. https://georgetowner.com/.../06/22/sold-kevin-planks-georgetown-mansion }, setTimeout(  =  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 … By Sam Dangremond After two years on the market, Under Armour founder Kevin Plank has sold his Georgetown mansion for $17.25 million. Plank’s building permit for the Greenspring Valley house is valid until January and can be extended for a year, county officials said. }, 1050 30th St. NW 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. 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. In February, Under Armour co-founder Kevin Plank privately listed his 12,000 square-foot Georgetown mansion for $29.5 million. The home has been on the market for more than a year. (function( timeout ) { In 2018, Under Armour co-founder Kevin Plank privately listed his 12,000 square-foot Georgetown mansion for $29.5 million. 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. The whiskey cellar, featuring Sagamore Spirit rye from Plank’s Baltimore distillery. (202) 338-4833. Kevin A. Plank (born August 13, 1972) is an American billionaire businessman and philanthropist. 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. [Most read] Watch live: Maryland Gov. He has another house in Rehoboth Beach, Delaware. #5: Kevin Plank's Georgetown Home. 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. function() { Five Orioles prospects are in the Baseball America Top 100. The next step? He owns a nearly 16% stake of Under Armour. 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. © Georgetown Media Group. Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. The Most Expensive House in Washington D.C. is Under Armour CEO Kevin Plank's Georgetown Mansion The $29.5 million listing was the site of legendary political parties over the years. Kevin Plank, founder of Under Armour Sold in Georgetown for $17,000,000. 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. Including Kevin Plank's Georgetown mansion and an Arlington estate with a Frank Lloyd Wright-designed guest house. Get all the top news and sports from the baltimoresun.com. Please reload the CAPTCHA. And you won't believe what's inside. nine Kevin Plank's Georgetown Mansion Selling For $24.5M: Reports - Georgetown, DC - Under Armour CEO Kevin Plank is selling his $24.5M Georgetown mansion. 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. 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. 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. 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. The Baltimore Business Journal first reported Tuesday that Plank had halted construction.  ×  BarnesVanze Architects were also an integral part of the team that executed the renovation for the house. display: none !important; 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 As of May 2020, It is estimated that he has a net worth of $2.5 billion. 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 47-year-old athletic apparel entrepreneur owns another eight-bedroom mansion on 65 acres in Baltimore County. He sold a stake in the massive Port Covington project, where The Baltimore Sun is a tenant, to Goldman Sachs. 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. 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. Washington, DC 20007 He also shifted the project’s leadership to Weller Development. Kevin Plank With Michael Phelps. It … Rankin also represented the buyer, identified by the Washington Business Journal as Priory Holdings Trust. Plank is the billionaire owner of Under Armour, a leading manufacturer of sports performance apparel, footwear and accessories. They said the site is stable, a grading permit is valid and all sediment and erosion controls are being maintained. Kevin Plank's House (Google Maps). 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