notice.style.display = "block"; 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. Since then, however, Under Armour ran into significant headwinds. As of May 2020, It is estimated that he has a net worth of $2.5 billion. Kevin Plank's House (Google Maps). Your email address will not be published. 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. Plank is one of the young businessmen in the earth who has the vision to give something new to athletes and sportspersons. Plank is the billionaire owner of Under Armour, a leading manufacturer of sports performance apparel, footwear and accessories. 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. Now, we are getting a better look at the interior. })(120000); They said the site is stable, a grading permit is valid and all sediment and erosion controls are being maintained. Kevin A. Plank (born August 13, 1972) is an American billionaire businessman and philanthropist. var notice = document.getElementById("cptch_time_limit_notice_32"); 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. 45 The next step? 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. Plank’s building permit for the Greenspring Valley house is valid until January and can be extended for a year, county officials said. Washington, DC 20007 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. 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. 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. }, 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. display: none !important; Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. Including Kevin Plank's Georgetown mansion and an Arlington estate with a Frank Lloyd Wright-designed guest house. He also shifted the project’s leadership to Weller Development. Time limit is exhausted. 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. The whiskey cellar, featuring Sagamore Spirit rye from Plank’s Baltimore distillery. 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. Time limit is exhausted. 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. Under Armour CEO Kevin Plank embarks on megamansion in Baltimore County. As of June 2014, Forbes estimates his fortune at $2.4 billion. BarnesVanze Architects were also an integral part of the team that executed the renovation for the house. Please reload the CAPTCHA. As of June 2014... Kevin Plank's House in Lutherville Timonium, MD - Virtual Globetrotting }, 1050 30th St. NW Under Armour's Kevin Plank puts Georgetown home up for sale. By the end of 2015, excavation was nearly complete, the Sun had reported. Hogan holds news conference to discuss budget proposal, Trump expected to issue flurry of pardons today, his last full day as president, A county-by-county look at how to make a coronavirus vaccine appointment in Maryland, Dante Barksdale, ‘heart and soul’ of Safe Streets, is shot to death Sunday in Baltimore, officials say, Former Baltimore Mayor Catherine Pugh among those seeking clemency from President Trump, Baltimore County to start vaccinating those over 75, teachers, Please ignore Trump’s extravagant military sendoff | READER COMMENTARY, Sen. 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. Plank is the billionaire owner of Under Armour, a leading manufacturer of sports performance apparel, footwear and accessories. The piece is excerpted below. 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 … Watch live: Maryland Gov. 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. if ( notice ) https://georgetowner.com/.../06/22/sold-kevin-planks-georgetown-mansion He sold a stake in the massive Port Covington project, where The Baltimore Sun is a tenant, to Goldman Sachs. 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. #5: Kevin Plank's Georgetown Home. 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. 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. setTimeout( Required fields are marked *. 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. 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. He is the owner of the Georgetown Mansion in Washington, DC, the USA worth $7.8 Million. Earlier this year, Plank and his wife listed their home in Georgetown in Washington, D.C., for sale. 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. 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. Kevin Plank With Michael Phelps. 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. 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.. 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 … (function( timeout ) { 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. He has many luxury cars in his garage, including Jeep, Land Rover Defender, Mercedes, and Hummer, etc. 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 Kevin Plank, the founder of Under Armour, has just sold his luxury home in Georgetown. And you won't believe what's inside. 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