Poverni Sheikh Group in partnership with Rellim Development, Foundation Development Group, and with critical funding from the Maryland Department of Housing and Community Development, is pleased to announce the acquisition and redevelopment of 300 N. Warwick Avenue (“The Project”).
The Project aims to bring much needed quality residential apartments to the transitioning Penrose/Fayette Street Outreach neighborhood on the west side of Baltimore.
“We’re excited to bring additional housing units to a neighborhood that can absorb them and where there is a need for sustainable quality housing in close proximity to transit and job opportunities,” explains Steve Moore of the Foundation Development Group.
Formerly an industrial warehouse that has now been completely demolished, the site is currently being turned into a 80-unit mixed income housing project to contain 1 bedroom, 2 bedroom and 3 bedroom apartments for families.
Additionally, “the building amenities will include a business center, community room, secured access, views from many directions, green space around the building and common area with Wi-Fi,” adds Billy Miller of Rellim Development.Given its proximity to public transit, both train and bus, and Route 40, the new development is a great location for working families.
The project is made possible through the Department of Planning’s Transform Baltimore initiative meant to create a “Transit Oriented development” zoning around the West Baltimore Marc Station.
Given the site’s industrial history, the Project is making use of the Brownfields Revitalization Incentive tax Program, in addition to leveraging private and state funds.
The $22million estimated project cost shows the joint venture’s continued belief and commitment in the resilience of Baltimore’s west side.
Construction commenced in August ’17 and the project is expected to deliver in December ’18.