225 North Calvert Project Receives Repayment

Press Release

WASHINGTON, Sept. 10, 2021 (GLOBE NEWSWIRE) — EB5 Capital announced today its $20 million preferred equity investment in CP Capital US’s (formerly known as HQ Capital Real Estate) 225 North Calvert has been repaid in full.

225 North Calvert, located in Baltimore, Maryland, is a mixed-use redevelopment of a downtown office building into a 347-unit luxury apartment building with ground-floor retail. Construction began in late 2016 and was completed in November of 2018. The amenities offered by 225 North Calvert are upscale and designed to attract young professionals. Its 9,500 square feet of ground-floor retail space adds to the exciting atmosphere of the area as downtown Baltimore continues growing into an attractive destination for living, dining, and entertaining.

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New Affordable Housing, Retail, and Boutique Apartments Coming to Baltimore

Developers are snatching up prime real estate in Baltimore’s central business district with the goal of delivering new market-rate apartments, affordable housing and retail to city dwellers.

One Baltimore developer is seeking out small to midsized, centrally located buildings it wants to transform into boutique apartment, retail and office projects. Deals like these are why Bisnow is excited to host the 5th Annual Future of Downtown Baltimore Dec. 13 at The Renaissance Baltimore Harborplace Hotel, starting at 7:30am.

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225 N. Calvert apartment conversion to start in March, finish in 2017

Renovations to turn an 18-story office building in downtown Baltimore into nearly 350 apartments are scheduled to begin in March and finish next year, developer Monument Realty said Tuesday.

Interior demolition at 225 N. Calvert Street, a former Bank of America building near Mercy Medical Center, is already underway. The project is slated to be completed at the end of 2017, the Washington firm said.

The 346-unit building is Monument’s first project in Baltimore. The firm purchased the property, which had been vacant, for $4 million in December 2014.

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Monument Realty wants to add a massive graphic to 225 N. Calvert St.

The company that is planning to redevelop the former Bank of America operations center at 225 N. Calvert St. wants to install a massive wrap-around graphic on the building just above street level.

The graphic is still in development. Designers ran a first draft of an image past city officials last week. The company developing the building, Monument Realty, said it’s intent on finding an image that will liven up a dark section of Calvert Street that planners have said for years could use more color.

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