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Baltimore, MD (2014)

The 1812 Ashland Building

The 1812 Ashland building is in Baltimore's Eager Park neighborhood, near Johns Hopkins University's East Baltimore campus.

Investment

  • NMTC Amount: $32,270,000
  • Total Project Cost: $64,992,298

IMPACT

  • 177 FTE jobs
  • 145 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.
  • 163,307 sq. ft. of real estate

Investor

Project Description

The 1812 Ashland building is in Baltimore’s Eager Park neighborhood, near Johns Hopkins University’s East Baltimore campus. The six-story, $65.6 million laboratory and office building, located at 1812 Ashland Ave., broke ground less than two years ago. It is now home to JHU’s FastForward 1812 innovation hub as well as other Johns Hopkins offices and laboratories. It will also feature one of the nation’s five prototype Starbucks Opportunity Caf├ęs, a professional training operation that will prepare hundreds of area residents for employment.

The 1812 Ashland Avenue project is a 163,307 sq. ft. office and research facility focused on medical and life science research. It is the next project in the Science and Technology Park at Johns Hopkins University to be delivered by Forest City New East Baltimore Partnership and East Baltimore Development, Inc. The project is expected to create significant impact in the highly distressed East Baltimore community by spurring additional development for commercial space, affordable housing, and early childhood education.

Development of the new facility is expected to create 266 construction jobs and a number of permanent jobs in the retail, office, and science lab categories. The project is required to provide contracting opportunities for certified minority- and women-owned businesses and meet local and minority hiring goals.

MAP

Address: 1812 Ashland Avenue, Baltimore, MD 21205

Census Tract: 24510070400

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