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Yard 56 I

Yard 56 I

Type

Retail

Location

Baltimore, MD

Est. Project Cost

$33.6 million

Size

80,000 SF

Public Financing

New Markets Tax Credit, Brownfield Tax Credits, City and State

Sponsor

MCB Real Estate LLC

Private Financing

Opportunity Zone Equity and Debt Financing

Closing Date

2018

Opportunity Zone, Brownfield Remediation, Retail Development

Yard 56 I is a commercial component of a large-scale community masterplan including medical, hospitality and up to 370 units of workforce housing. The minority firm lead project is a catalytic remediation of an Opportunity Zone, brownfield site which will provide significant services to historically under-retailed and served community. Tenants include Streets Market, LA Fitness, Chipotle, and local retailers.

Estimated Economic and Social Impact

Over 125 jobs and 100 construction jobs. Fresh food provider.

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