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

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