Located Downtown, Centerpoint--along with other projects such as the recently redeveloped Hippodrome Theatre/France-Merrick Performing Arts Center across the street--is expected to contribute to the revitalization of the West Side's Howard Street Corridor. The compound sits on a two-acre, square-block parcel bounded by Howard, Eutaw, Baltimore and Fayette streets. As part of the development, nine neighboring historic structures were preserved and renovated, and now contain the property's 173 loft-style residences; the remainder of the 221 units are housed in a new 17-story apartment tower.

Centerpoint also features 35,000 sf of ground-level retail space, as well as a seven-story parking facility to accommodate up to 400 vehicles. Additionally, residents of the luxury apartment compound can take advantage of such on-site amenities as a state-of-the-art fitness facility, a business center, and a lounge and billiards room.

Not only is Centerpoint beneficial to the revitalization of the Downtown submarket, it is also a plus for the city's apartment market, as rental properties are in great demand. According to Delta Associates' Mid-Year 2004 Apartment & Condo Report, Baltimore has a stabilized vacancy rate of just 1.1% among class A apartment facilities.