THE LENORE 114 East Lexington Street Baltimore, MD 21202
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THE LENORE 114 East Lexington Street Baltimore, MD 21202 is a historic building in downtown Baltimore, originally designed in 1926 in the Second Renaissance Revival Style. The building was originally the Federal Reserve Bank of Richmond’s branch in Baltimore. The exterior features a rustic limestone facing, with carvings and arched windows on the first floor. The building contains 102 luxury apartments in addition to first-floor and lower retail spaces. OVER 6,00O JURORS are onsite every month, at the courthouse directly across the street. Circuit court, offers in tandem with area businesses, a juror lunch program,as well as discounts for parking, (ie. starbucks, quizno’s, b’more bistro, arrow parking & others) DOWNTOWN PARTNERSHIP Station North ontonUpton MAJOR MARKET anageent RATE APARTMENT torit PROJECTS: ondaries DowntownDOWNTOWN Baltimore BY & Adjacent THE NUMBERS Neighborhoods Bolton 11. 500 Park Ave Hill Visit GoDowntownBaltimore.com/work for a complete list of our data-driven publications including the 500 Park Avenue MAJOR MARKET-RATE 153 units, 2017 completion Economic Impact Report, Downtown Development Report, State of Downtown, and Housing Study. 12. Appraiser’s Building StAPARTMENTate PROJECTS 103 S. Gay Street Center 137 units, 2017 completion Johnston OVER 50 UNITSSquare 13. Banner Hill 611 S. Charles Street TENTH 349 units, 2018 completion TH $ Mount Vernon 10 LARGEST 14. 1305 Dock BILLION Heritage 2 Crossing 1305 Dock StreetNotable Residential Openings 103 Units, 2016 Completion DOWNTOWN 1.17retail spending 15. 414 Light Street IN THE Calvert St Old Town Seton 414 Light Street Project Name Address Project Type Housing Type # of Units Hill 11 394 units, 2018 completion COUNTRY 7 28 26 Preston Gardens Stadium Square/ 101 W. Cross Street New Construction Rental - Market Rate 299 22 UNDER CONSTRUCTIONHanover Cross Street Poppleton 10 Notable Residential Openings University 9 2 Hopkins Plaza 2 Hopkins Plaza Conversion Rental - Market Rate 182 of Maryland, St Davis 16. Hendler Creamery Baltimore Project Name Address Project Type Housing Type # of Units N Liberty St Upper1100 E. Baltimore StreetThe Appraisers’ Building 103 S. Gay Street Conversion Rental - Market Rate 137 24 16 Fells Charles 5 296 Units, 2019 Completion Center 26 N. Calvert Apartments Phase II 26-36 S. Calvert Conversion Rental - Market Rate 168 Historic Banner Hill 611 S. Charles Street New Construction Rental - Market Rate 349 122,200 + 18 17. Liberty Harbor East EMPLOYEESand 31 S. Grant Street 25 1 23 4 Jonestown 711 S. Central Avenue Hollins 6 300 St. Paul 300 St. Paul Conversion Rental - Market Rate 280 The 501 501 W. Franklin Street Conversion Rental - Market Rate 139 Guilford Ave. Guilford St Holliday Gay St $ 282 units, 2019 completion Market The Vault 1-5 E. Lexington Street Conversion Rental - Market Rate 25 12 500 Park 500 Park Avenue New Construction Rental - Market Rate 153 18. One Light Street and 113 N. Charles Street Little 5–11 Light Street Source: Downtown Partnership and Individual Developers Mulberry at Park 211 W. Mulberry Street Conversion Rental - Affordable Housing 68 Inner Italy 5.4 280 units, 2019 completion Harbor Source: Downtown Partnership and individual developers Ridgely’s BILLION 19. 800 Fleet Delight/ Conway St 19 27 Stadiums 15 Fells Poin801t Eastern Avenue 242 units, 2019 completion in visitor spending Pigtown/ Otterbein Harbor East Washington 17 20. Bainbridge Federal Hill Village Lee St 13 For-Sale Housing Market Summary Four Seasons 1100 Key Highway For Sale Housing Market Summary Residences 14 224 units, 2019 completion Harbor 8 Point 20 IN PLANNINGHousing Type Properties Sold Average Sale Price Median Sale Price Housing Type Properties Sold Average 42 Sale ,Price860 Median Sale Price Federal Condo 122 $ 567,4 0 6 $297,000 Sharp- Hill Leadenhall Condo 114 $514,619 $281,250 Townhome 345 $356,018—RESIDENTS — $273,950 21. Stadium Square Ostend St 21 Remaining Phases West St 3 Townhome 248 $373,878 $314,250 Source: MRIS 350 units, TBD Stadium Square Downtown Baltimore One-Mile Radius 22. Howard Station 309–331 N. Howard Street 165 units, TBD Market Rate Building Occupancy 8 // 2017 ANNUAL REPORT Class A Apartment Building Rental Rates RECENTLY COMPLETED 23. Mechanic Center 1Class W. Baltimore A ApartmentStreet Building Rental Rates Housing Occupancy Rates 306 units, TBD MARKET RATE OCCUPANCY: 1. 2 Hopkins South 6. 26 S Calvert Apartment Locust Apartment Size Average Monthly Rent Baltimore Point 2 Hopkins Plaza 26–36 S. Calvert Street 24. University Lofts Studio2019 Demographics $1,351.15 ¼ mile YEAR EN Dmile 1 miles% 182 units, 2017 completion 168 units, 2016 completion ½ 100Apartment N. Eutaw Street Size Average Monthly Rent 1 Bedroom $1,650.13 2016 91.3 230 units, TBD 2. 824 N Calvert Street 7. The 501 2 BedroomPopulation $2,190.39 3,542 10,227 46,888 816–824 N. Calvert St 501 W. Franklin Street 25. 325Studio W. Baltimore $1,285.35 3 Bedroom $3,013.43 56 units, 2017 completion 139 units, 2016 completion 313–327 W. Baltimore Street YEAR END All unitAvg. types Household Income $1,8 07.4 8 $95,281 $80,736 $72,733 Westport 1 Bedroom $1,511.62 % *In reporting 2016 data, Downtown Partnership changed its methodology 3. Hanover Cross Street 8. 1405 Point 321 units, TBD 2017 to include all market rate apartments with approximately 100 units or more, 2 Bedroom $2,028.85 93 *This includesEmployees 18 buildings within the one-mile radius defined by the following 29,612regardless of the70,774 level of stabilization. Prior141,142 reports excluded new buildings 101 W. Cross Street 1405 Point Street 26. 400–414 Park Avenue criteria: built after 1995; 100 units or greater; building amenities; and quality that had not yet stabilized, defined as 75% occupancy. Using prior methodology, 299 units, 2017 completion 289 units, 2018 completion Apartments3 Bedroom $3,150.83 finishes in units. 2016’s occupancy rate would have been 93.6%. 83 Units, TBD 4. 10 Light Street Apartments 9. 225 N. Calvert Apartments All unit types $1,994.16 “ Of particular note, Baltimore’s fastest-growing neighborhood today, 10 Light Street 225 N. Calvert Street 27. 900 Fleet Street Apartments Rendering of 419 units, 2015 completion 346 units, 2018 completion 300 Units, TBD Source: Individual property managers and leasing agents. the traditional central business district, is also one of its most integrated.” *Includes 23 buildings within the one mile radius defined by the following 500 Park Avenue 5. Equitable Building 10. 300 St. Paul Street 28. 423–425criteria: built N. after Howard 1995; Street100 units or greater; high-quality building —Baltimore Sun Editorial, January 15, 2017 10 N. Calvert Street 300 St. Paul Apartmentsamenities, and finishes in units. 189 units, 2015 completion 280 units, 2018 completion 50 Units, 2019 Completion * Information provided by Downtown Partnership “My work has taken me to cities all over, but no place ’e isited has hit me GoDowntownBaltimore.com / D o w n t o w n B a l ti m o r e t @DowntownBalt #ProudlyBaltimore like this one. had no idea what ’d been missing. This city has its problems, Property Details: don’t get me wrong. But in three3-Block days I didn’t & 6-Block meet a Analysis rude person, or see a • Total Square Feet of Retail Space: 428 SF (First Floor - Lobby Level); 4,835 SF (Lowerdirty street,Level - Facingor talk Calvert to a single Street) Baltimorean• Local Apartment who wasn’t Occupancy proud Rate: to 93% lie (as there.” of Year End 2017) • Largest Employers: Verizon, Constellation Energy Group, University of Maryland Medical System, Legg Mason, Bank of America, • Zoning: B-4-2 Central Business District Jay Heinrichs, Southwest: The Magazine, February 2018. T. Rowe — Price Group Inc., Mercantile Bankshares Corp.; International Business Machines Corp., M&T Bank Corp. • Within walking distance of multiple bus stops, the Baltimore Light Rail, and the Charles Center Metro station • Notable Retailers: AB&O AmericanMulberry Brasserie,at Park Charles Street Barre, Chick-Fil-A, Cilantro, Corcycle, David and Dad’s Cafe, FX • 10 miles from BWI Thurgood Marshall Airport Studios/UA Performance Center, Next Phaze Cafe, Puerto 511, The QG, Shake Shack, Starbucks • 36 miles from Washington, D.C. • Nearby Attractions: Inner Harbor, National Aquarium, Lexington Market, Oriole Park at Camden Yards 3 225 N. Calvert Street 3 Site Plan: BELOW: First-Floor Lobby 428 SF @ Lexington Street RIGHT: Lower-Level 4,835 SF @ Calvert Street Retail Entrance 4,835 SF 428 SF Lexington Street *For complete retail space plans, contact leasing agents. For Leasing Information, Contact: Patricia Palumbo | [email protected] Paul Weinberg | [email protected] 1777 Reisterstown Road, Suite 165 | Baltimore, MD 21208 | 410.902.0290 www.KleinEnterprises.com.