Vacants to Value Brings Redevelopment to Upper Fells Point
Historic Eastern Station House will get transformed into new apartments
(Baltimore, MD – July 23, 2013) Mayor Stephanie Rawlings-Blake joined Baltimore Housing, Fells Point LLC, and community members for the new Fells Point Station topping-off ceremony, in which the last brick was placed into the historic building. A former police station built in the 1800s; Fells Point Station is a new 47-unit apartment community in Baltimore's oldest waterfront neighborhood.
“Vacants to Value is definitely building momentum. Converting this historic station house into a vibrant residential community is remarkable,” said Mayor Stephanie Rawlings-Blake. “Fells Point Station is a prime example of how we can transform something old into something new and exciting. It is opportunities like these that will help us bring 10,000 families to Baltimore.”
“Fells Point Station is the first new construction in this neighborhood in over 50 years,” said Baltimore Housing Commissioner Paul T. Graziano. “Fells point is an amazing community and this new apartment community will enhance its attractiveness to new and interested residents.”
Located at 1621 Bank Street and vacant since 1996, the old Eastern Station House was originally built in 1860 as one of Baltimore’s first police districts. It was last used as a Boys and Girls Club and recently received a historic designation from the National Park Service. This Vacants to Value project will consist of the rehabilitation of the existing three-story structure and new construction on an adjacent lot. Due to be completed later this year this workforce designed housing will offer spacious one and two bedroom apartments, retail space on the first level along Broadway, a fitness center, landscaped interior courtyard, business center with Wi-Fi, and energy efficient heating and air conditioning.
The $13.6 million project received competitive funding from Baltimore City and the Maryland Department of Housing and Community Development. Baltimore City entered into a partnership with Henson Development Company by providing an $835,000 HOME loan to Fells Point Station, LLC, to support a portion of the hard
construction costs. The project also received funding from the Historic Tax Credit program and Capital One Bank.
Fells Point Station, LLC, is a partnership of The Henson Development Company and Mission First Housing Development Corporation. Leasing inquiries should be directed to the Fells Point Station leasing office at 410-773-9294.
Launched in November of 2010, Mayor Rawlings-Blake’s Vacants to Value initiative seeks to encourage reinvestment in neighborhoods impacted by blighted properties by strengthening code enforcement, promoting rehabilitation, streamlining the sale of vacant city property, and, by providing new, targeted incentives for homebuyers and developers who invest in vacant homes.
For more information, visit our website at www.baltimorehousing.org.