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Northwood Commons

Northwood Commons

Type

Retail

Location

Baltimore, MD

Est. Project Cost

$34.0 million

Size

100,000 SF

Public Financing

New Markets Tax Credit, State and City

Sponsor

Northwood S.C., LLC

Private Financing

Opportunity Zone Equity and Debt Financing

Closing Date

2019

Opportunity Zone, University-Oriented Retail Development

Major redevelopment of shopping center providing integrated services that support the needs of Historically Black College and University students and residents of the surrounding low income communities including a 20K SF Public Safety Center, an 11K SF bookstore and 100K SF retail anchor Lidl grocer.

Estimated Economic and Social Impact

Over 250 jobs and 200 construction jobs, as well as fresh food offering and new public safety facility.

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