In 2009, Somerset completed the historic renovation of the Professional Arts Building, an eight story mid-rise building built in 1927 located in the heart of the historic Mount Vernon neighborhood of Baltimore, Maryland. Mayor Sheila Dixon and Congressman Elijah Cummings officiated at the ribbon cutting on June 29, 2009, along with many other dignitaries, residents, and neighbors. Somerset and its joint venture partner NAGE Housing, Inc. acquired the building in 2006 and oversaw the renovations which converted the building from offices to 96 apartments and ground floor retail, while preserving and restoring the historic elements. The project received approximately $2.7 million in Maryland state historic tax credits, as well as approximately $4.2 million Federal Historic Tax Credits to preserve the building.

The neighborhood is close to major transportation lines, and is home to the Washington Monument, the Walters Art Gallery, the Peabody Conservatory of Music, and City Stage, as well as shops and restaurants. The total development costs are $25 million. The building, which is now 95% leased up, offers a fitness center, community room, a business center and secure access. Learn more at www.thePAB.com.

A new local food market and cafe, Milk and Honey, will open its doors in the ground floor retail space starting in the fall 2010. The market will feature locally and regionally sourced meats and artisanal cheeses, produce, fresh baked breads, fresh pastas, fresh squeezed juices. An expresso bar and cafe will serve light fare throughout the day.

For more information and vendor inquiries, email Dana Valery at dana@milkandhoneybaltimore.com or call 410-685.MILK (6455).