The University of Maryland plans to relocate its satellite campus for the Robert H. Smith School of Business to the Baltimore Peninsula, the mixed-use project’s developer said Wednesday.

The university signed a 12,480-square-foot lease to house the school’s Flex MBA program, which gives working professionals a choice of online and in-person courses at three different campuses. The new South Baltimore campus will also be used for executive education, alumni events and collaborations with local businesses.

The university will become the latest announced tenant at the 235-acre project south of Interstate 95. Developers of the formerly industrial waterfront site include Sagamore Ventures, an investment firm of Under Armour founder Kevin Plank, MAG Partners, MacFarlane Partners and Goldman Sachs Asset Management Urban Investment Group.

The addition of a “top-tier academic institution” represents a milestone for Baltimore Peninsula’s mix of apartments, offices, hotels, shops and restaurants, and will help build the community, MaryAnne Gilmartin, MAG Partners CEO, said in an announcement. The community is near Under Armour’s new and separately built global headquarters, where employees began moving in last fall.

Read the on the Baltimore Sun.