Opportunity Zone, University-Oriented Retail Development
Northwood Commons is a $34 million shopping center redevelopment in Baltimore that supports the local community and nearby HBCU students. The 100,000 square foot complex includes Lidl Grocery Store, Barnes & Noble College Cafe, and a Public Safety Center for Morgan State University.
Monge Capital arranged NMTC and Opportunity Zone financing to help revitalize this key commercial corridor.
Estimated Economic and Social Impact
Over 250 jobs and 200 construction jobs, as well as fresh food offering and new public safety facility.
