New Markets Tax Credit, Brownfield Tax Credits, City and State
Sponsor
MCB Real Estate LLC
Private Financing
Debt
Opportunity Zone, Brownfield Remediation, Retail Development
Yard 56 is a $75.9 million retail development located on a remediated brownfield site in Baltimore. The 180,825 square foot center includes LA Fitness, Streets Market, Chipotle, and additional retail supporting an underserved community.
Monge Capital structured NMTC and Opportunity Zone financing to anchor this catalytic community hub.
Estimated Economic and Social Impact
Over 125 jobs and 100 construction jobs. Fresh food provider.
