Abell Building

Baltimore,
MD
(2006)

Abell Building

Business Development, Historic Rehabilitation, Manufacturing, Retail

Conversion of a historic structure into 33 luxury market rate rental residential apartments and 12,000 square feet of ground floor retail space.

Investment

NMTC Amount: $1,491,998
Total Project Cost: $9,761,693

IMPACT

40 FTE jobs
135 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.
12,000 sq. ft. of real estate

CDEs

CCG Community Partners

Investor

Bank of America

Project Description

Philadelphia Management & Companies has successfully converted the historic structure into 33 luxury market rate rental residential apartments and 12,000 sq. ft. of ground floor retail space. Located adjacent to the $85 million Centre Point Development and across from the $65 million Hippodrome Theatre on Baltimore’s West Side, the renovated Abell Building completed the revitalization of the Hippodrome Theatre block and added a complimentary use to the theatre and commercial district. The 6-story Abell Building is one of Baltimore’s finest and most iconoclastic historic buildings. The 1870s-era brick and marble building was built by legendary Baltimore Sun Founder Arunah Abell in the Italianate style, and commands a striking presence on West Baltimore Street.

MAP

Address: 329 West Baltimore Street, Baltimore, MD 21201

Census Tract: 24510040100

Other Maryland Projects

East Baltimore Redevelopment

Baltimore,
MD
(2007)

Affordable Housing, Historic Rehabilitation, Housing, Mixed-use, Retail, Retail and Commercial

CDE(s): Enterprise Community Partners

The project consists of the development of new and rehabilitated housing, a life sciences and technology park, as well as retail space.

Chesapeake Habitat for Humanity

Annapolis,
(2011)

Affordable Housing, Habitat for Humanity

CDE(s): Habitat for Humanity

NMTC financing helped Cheseapeak Habitat for Humanity build 59 affordable, for sale homes in Annapolis.

Center for Health Care and Healthy Living

Baltimore,
MD
(2018)

Addiction Treatment, Adult Education, Behavioral Health, College or Vocational Training, Community, Healthcare, Historic Rehabilitation, Mixed-use, Nonprofit Hub

CDE(s): Harbor Bankshares Corporation, The Reinvestment Fund, Urban Action Community Development

The redevelopment of the historic building into a Center for Health Care and Healthy Living, leased by the City of Baltimore for various health and community service tenants.

Mother Mary Lange Catholic School

Baltimore,
MD
(2020)

Community, Schools

CDE(s): Harbor Bankshares Corporation, Urban Action Community Development

Finances the construction of a new 65,000-sq. ft., three-story elementary school that will house two classes per grade level and a 520-student capacity.