Somerset in partnership with Yeni Wong of Riverdale International, Inc., completed the construction of 32 for-sale townhouses, on a one acre site near Penn Station. The land was originally owned by the City of Baltimore which awarded the development rights through an RFP. This beautiful new development, just blocks from the main train station, lies in the heart of the Arts and Entertainment District of Baltimore and serves as a great example of transit-oriented and “smart growth” development in an emerging neighborhood. Before construction began, Somerset negotiated a Land Disposition Agreement with the City and successfully remediated this urban brown-field site in record time through the Maryland’s Department of Environment Voluntary Clean-Up Program. Construction was completed in August 2007 and thus far, 20 of the 32 have been sold and the others rented. The Masonry Institute of Maryland, Inc. presented its 2007 for exceptional masonry design and detailing to the development team.
These garage townhomes are a contemporary interpretation of the traditional Baltimore row house, and offer live-work and flex-space opportunities for artists and professionals. Station North Townhomes is serving as a catalyst for the revitalization of this important Baltimore neighborhood. This market rate development has total development costs of $10.2 million.
Property Information
Address: 1702-1730 North Calvert, 116-124 E. Lanvale St., 116-125 Station North Mews, 117-125 E. Lafayette Ave. Number of Units: 32 Affordability: Market rate sales and rentals Award: 2007 Masonry Institute of Maryland 2007 award for exceptional masonry design and detailing Total Development Costs: $10.2 million
Project Partners
Owner: Penn Lofts, LLC Lender: Bradford Bank Contractor: Southway Builders, Inc. Architect: ArchPlan, Inc. Property Management: Penn Lofts, LL