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BALTIMORE — N.J.-based ARC Properties, and its affiliate ARCWheeler, have acquired the 2-acre McCormick Spice land site in Baltimore’s Inner Harbor area from Sparks, Md.-based McCormick & Co. ARC will develop a 60-story, 1.6-million-square-foot mixed-use project on the property, which will include 600,000 square feet of office space, 225 hotel rooms, 150 condominiums and 80,000 square feet of retail. Construction will be completed in three phases.