Former Department Store Warehouse In Mount Vernon Gets New Life As Luxury Apartments
- May 31, 2014
By Adrian Maties, Associate Editor
A new, luxury, green apartment community is coming to downtown Baltimore. Time Group Investments has turned the former main warehouse of the Hochschild Kohn department store chain into 171 luxury apartments and is now getting ready to receive tenants.
Located in the Mount Vernon neighborhood, the property is now a blend of historic charm and modern design. It features a mix of studio, one- and two-bedroom apartment units with 14-foot exposed ceilings, oversized windows, hardwood floors, and many other amenities. According to the property’s website, rents at 520 Park range between $1,095 and $1,865 per month.
520 Park also includes underground parking, bicycle storage, fitness center, business center, dog wash station, electric car charging stations, and rooftop solar array. But its most unique feature is the interior landscaped courtyard. As the old warehouse had no such interior courtyard, the developers had to cut a 5,000-square-foot hole right in the middle of the building.
“520 Park Avenue represents a modern rehab of a historic building that will link Mount Vernon to Seton Hill and Downtown’s West Side,” said Mark Caplan, CEO of The Time Group, in a press statement. “When complete, this redevelopment will offer the kind of sprawling views and first-rate amenities that are spurring residential growth throughout downtown Baltimore.” The project has been designed to achieve LEED Silver certification.
Time Group Investments expects the new apartment community to become one of Mount Vernon’s most sought-after new addresses. In a press release, the developers said that demand for apartments at 520 Park has been high and that they have already started accepting applications.
Photo credits: 520 Park