He's just spent almost $1 billion to get into an entirely new business. Kevin Plank has cultivated a wide circle of celebrities since founding Under Armour Inc. more than two decades ago. Under Armour CEO Kevin Plank is selling his 12,000-square-foot home in the Georgetown neighborhood of Washington, D.C. for $29.5 million. It was finalized this month. Baltimore Sun editor Chris Dinsmore contributed to this article. Maryland speaker again seeks to force settlement of long-running HBCU lawsuit, after Gov. Plank is one of the young businessmen in the earth who has the vision to give something new to athletes and sport… Some would consider Plank’s budding estate a dream house, part of a national trend where the hyper-rich are building colossal mansions that make a statement. Plank has a vast fortune and massive real estate portfolio that could be broken up should he and his wife split. The listing of the Westport waterfront property follows Plank's listing of Nick's Fish House and marina also on the Middle Branch last month. Other speakers included Pendry Hotels co-founders Alan and Michael Fuerstman and hotel general manager David Hoffman. Kevin D. Plank, Attorney at Law in Milford, OH offers detailed and oriented services, real estate wide practice area and more. 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Kevin Plank says his parents didn’t set up car pools; the boys either walked to friends’ homes or activities or got their own rides. But according to Washington Business Journal, it recently sold to an unnamed buyer for $17.25 million—that’s a price reduction of 42 percent. Call 513-248-0317 today! Last year, Washingtonian chronicled the house’s recent history: Plank bought the house for $7.85 million, added a 22,000-pound marble grand staircase, and knocked millions off the price after it spent a year on the market. 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Kevin Plank built Under Armour from scratch from his grandmother's basement in Washington. Under Armour CEO Kevin Plank had a close relationship with MSNBC anchor Stephanie Ruhle — and solicited her business advice over that of his own management team, according to a report. Under Armour founder Kevin Plank is selling his 43-acre Westport property on the Middle Branch — and developer Patrick Turner is considering a bid to buy it back. But according … Under Armour chief executive Kevin Plank — who got rocked last year by reports that he had presided over a frat-house culture at the … The extensive renovation by Baltimore-based designer Patrick Sutton and Annapolis-based Pyramid Builders was spectacular, and we are sure that it will be a terrific home for the next owner to enjoy. Sagamore Racing, the Maryland-based breeding and racing operation founded 14 years ago by Under Armour chief executive Kevin Plank, is getting out … “The TIF bond sale was met with overwhelming demand, and the overall deal successfully closed last week, which is significant proof of institutional investors’ belief in the future success of the project,” said Kevin Plank, the Under Armour founder and lead investor in the project who initially the bought the land. Last week, the listing price for the home was reduced by $5 million to $24.5 million. Rankin asserts that the sale of the Kevin Plank estate may suggest an upturn for the area’s real estate market, given the distinguished history of the property. Kevin’s brother, Scott Plank of Warhorse LLC, represented the Plank family and the local development team. Last year he snagged an $8 million historical Georgetown mansion, which … Eventually, he lowered the price to $24.5 million before settling with buyers in June 2020. 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. Call 513-248-0317 today! Including Kevin Plank's Georgetown mansion and an Arlington estate with a Frank Lloyd Wright-designed guest house. Plank overhauls the property with the help of Baltimore interior designer Patrick Sutton, adding a nearly $1-million, 22,000-pound marble grand staircase. Plank is the billionaire owner of Under Armour, a leading manufacturer of sports performance apparel, footwear and accessories. Kevin Plank, the founder of Under Armour, has finally unloaded his Georgetown mansion—but only after slashing more than 40 percent off its original listing price, according to Washington Business Journal. What is the BoF 500? The property includes 14 bathrooms, a whiskey cellar, and 34-foot ballroom. Mr. Plank, who started the sportswear company in 1996, will stay as executive chairman and brand chief. Back in 2012, the future looked rosy to Under Armour CEO Kevin Plank. Kevin Plank is founder and CEO of Under Armour.He is leveraging his considerable fortune in athletic wear for a foray into real estate development — starting with a … Kevin A Plank is Chairman/Chief Brand Ofcr/Founder at Under Armour Inc. See Kevin A Plank's compensation, career history, education, & memberships. . Former Under Armour CEO Kevin Plank (Photo by Allison Joyce/Getty Images) Getty Images. He owns a nearly 16% stake of Under Armour. 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. His 12,000 square foot home sold for $17.25 million dollars which was, unfortunately, a bit below his original asking price of $29.5 million dollars back in 2018. The cops say not so much. 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. The Wall Street Journal published an article about the estate’s sale but included few details due to a non-disclosure agreement. The Baltimore-based Plank buys the 12,200-square-foot 34th Street residence—built in the early 1800s and later known as the Ambassador Bruce House—for $7.85 million. Kevin Plank, founder of Under Armour, sold this Georgetown mega mansion in June. But according to … The estate was renovated with modern amenities by designer Patrick Sutton of Baltimore and Pyramid Builders of Annapolis. Now, that home is a little more affordable. Kevin Plank, the founder of Under Armour, has finally unloaded his Georgetown mansion—but only after slashing more than 40 percent off its original listing price, according to Washington Business Journal. The US entrepreneur has built one of the world's most successful sportswear companies, which surpassed $1 billion in annual revenue in 15 years. Former Under Armour CEO Kevin Plank (Photo by Allison Joyce/Getty Images) Getty Images. #5: Kevin Plank's Georgetown Home In 2018, Under Armour co-founder Kevin Plank privately listed his 12,000 square-foot Georgetown mansion for $29.5 million. The Planks purchased the home at 1405 34th St. Northwest for about $7.85 million in 2013 and invested in a significant renovation of the 200-year-old, federal-style property. This story first appeared in the December 5, 2016 issue of WWD. Kevin Plank built Under Armour into a $4 billion behemoth. The company is now being investigated by the SEC and the US Department of Justice over its accounting practices. Including Kevin Plank's Georgetown mansion and an Arlington estate with a Frank Lloyd Wright-designed guest house. 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. Former Under Armour Inc. CEO Kevin Plank has sold his Georgetown mansion for $17.25 million, 29.6% below its asking price. Plank paid in the vicinity of $8 million for the sprawling house at 1405 34th Street, Northwest, according to a well-connected source. As of June 2014, Forbes estimates his fortune at $2.4 billion. His father was a real estate developer, while his mother is a politician and former mayor of Kensington under President Ronald Reagan. 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