MCB Real Estate Partnership Closes Financing to Renovate Baltimore’s Markley Building
An MCB Real Estate-led partnership has received the final $6.3 million in financing for the renovation of The Markley, a historic early-20th-century building in Baltimore, Maryland.
The property is located adjacent to The Enolia, a student housing development that is master leased to Morgan State University in Baltimore City. MCB, together with Hamilton-Lauraville Main Street, OPAL Companies, and Reimagine Development Partners, are transforming the site, which was originally built as a general store, family residence and warehouse, into a mixed-use historic development.
The project will consist of approximately 900 square feet of street-level retail and 19 residential units. Constructed in 1912 and originally conceived as a general store, the building also served as a warehouse for the Markley family until 1955. Vacant for more than 10 years, the property was acquired by MCB as part of a larger assemblage that included the Enolia.
Other News
HPP Equity Acquires 834-Bed Student Housing by Western Michigan University
HPP Equity has acquired Campus Court at Knollwood, an 834-bed student housing community in Kalamazoo, Michigan, near Western Michigan University, and selected HH Red Stone as its property management partner. The partnership combines HPP Equity’s investment and ownership oversight with HH Red Stone’s national property management experience and owner-aligned management structure. “Campus Court is a well-located...
Learn more
Construction Begins on Metro DC Senior Living Development
The Bell Mare at River Road, an upscale senior living community, will celebrate the project’s groundbreaking on a 5.93-acre site in Potomac. Developed by Harbert South Bay Partners and managed by Momentum Senior Living, The Bell Mare at River Road will add 94 residences offering assisted living and memory care. Slated to open in 2028,...
Learn more
StreetLights, Foresta Reveal Open Date for 344-Unit Lake Viridian Multifamily Community
StreetLights Residential and Foresta Holdings unveiled The Linden, a new 344-residence multifamily community along Lake Viridian in Arlington, Texas. Located at 3925 Viridian Village near Collins Street and Viridian Road, The Linden comprises four buildings, each four to five stories tall, and offers studio, one- and two-bedroom residences ranging from approximately 504 to 1,396 square feet. Monthly...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout