Baltimore, MD – Harbor Stone Advisors, in collaboration with Alex Cooper Auctioneers, has been awarded the assignment to market 509 S Washington, a permit-in-hand development opportunity in Fells Point. The site will be available via auction sale on Thursday, July 16. Harbor Stone Advisors President, Justin Verner, Director, Brooks Healy, Senior Advisor, Tom Wohlgemuth, Advisor, Kevin Landolphi, and Matt Cooper of Alex Cooper Auctioneers are marketing the property.
The site, located at 509 S Washington St., is zoned C-1 and includes approved plans for 33 apartments. Additionally, part 1 CHAP tax credit approval has been obtained.
Boasting a walk score of 99, the site is ideally situated between the Fells Point and Canton neighborhoods, two of Baltimore’s most vibrant and historic neighborhoods featuring over 100 restaurants, bars, and boutiques. Residents enjoy convenient access to major employers including Johns Hopkins Hospital (30,000+ employees), Kennedy Krieger Institute (2,400+ employees), and Exelon (5,100+ employees). The property is also proximate to Johns Hopkins University Carey Business School, T. Rowe Price’s new Harbor Point headquarters, and Morgan Stanley. Transportation access is excellent, with multiple CityLink Bus routes, the Charm City Circulator, and nearby Water Taxi service connecting residents to the Inner Harbor, Harbor East, and Federal Hill neighborhoods. Easy access to I-83 and I-95 further enhances connectivity throughout the Baltimore region.
About Harbor Stone Advisors
Harbor Stone Advisors specializes in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information, visit: www.harborstoneadvisors.com