BALTIMORE—PMC Property Group Inc. will now go before city agencies for design approvals to build a $30-million, 188-unit market rate apartment project on land close to the Inner Harbor.
The company, which owns approximately 300 apartment units in the city of Baltimore, received approval from the city on Wednesday for its $2.2-million purchase of six vacant city-owned properties along Calvert Street, according to the Baltimore Sun.
Steven Bloom, operating partner for PMC Property Group's Baltimore office, says his firm has been in talks with the city concerning the parcels since 2012.
The first phase of the project involves the renovation of a 12-story former United States Fidelity and Guaranty Company building at 26 S. Calvert St. A total of 78 apartments could be ready for occupation as early as the end of this year, Bloom says. See story in the Baltimore Sun.
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