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  • Baltimore,
  • MD
  • (2019)

Village Center

District: Kweisi Mfume (D-MD07)

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

Investor

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.

External Profile

MAP

Address: 1786 Union Avenue, Baltimore, MD 21211

Census Tract: 24510130806

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