Village Center

Baltimore,
MD
(2019)

Village Center

Affordable Housing, Community, Daycare and Early Childhood, Healthcare, Housing, Incubator, Retail, Retail and Commercial, YMCAs and YWCAs, Youth and Families

SunTrust Community Capital and Harbor Bankshares Corp. provided a total of $19.8M in financing for Village Center at Stadium Place in Baltimore.

Investment

NMTC Amount: $15,000,000
Total Project Cost: $19,800,000

IMPACT

100 FTE jobs
97 construction jobs
6,262 patients served

CDEs

Harbor Bankshares Corporation

Investor

Unknown

Project Description

SunTrust Community Capital (STCC) and Harbor Bankshares Corp. provided a total of $19.8 million in financing for Village Center at Stadium Place in Baltimore. STCC provided $4.8 million of equity and $4 million in its NMTC allocation. Harbor Bankshares contributed $11 million of its NMTC allocation. Govans Ecumenical Development Corp. (GEDCO) and Commercial Development and Investments LLC (CDI) are co-developing the property, which melds with the existing Stadium Place Adult Community Campus master plan. Village Center includes 70 discounted market-rate senior housing units and 30,000 sq. ft. of medical office and retail space.

Conveniently located at the corner of 33rd Street and Ednor Road, the Village Center retail and office space severs as a hub for the residents and surrounding community. Stadium Place features a community playground and full-service YMCA of Central Maryland, offering preschool for ages 2-5. Neighbors include Baltimore City College and the JHU Incubator Hub, located in the former Eastern High School directly across the street. This prime location also enjoys easy access to I-83, I-95 and I-895.

MAP

Address: 1786 Union Avenue, Baltimore, MD 21211

Census Tract: 24510130806

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