Redwood Place

Opportunity to Acquire 130 Luxury Apartments / 1 Retail in the Midst of One of the Nation’s Greatest Downtown Renaissances

Deal Type: Acquisition

Risk Profiles: Core

Property Types: Multifamily, Mixed Use

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207 E Redwood St. | Baltimore, MD 21202

Access Data Room

207 E Redwood St. | Baltimore, MD 21202

Access Data Room

Opportunity to Acquire 130 Luxury Apartments / 1 Retail in the Midst of One of the Nation’s Greatest Downtown Renaissances

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The Opportunity

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Overview

Location

Features & Amenities

History

Investment Potential

Investment Details

Price: Subject to Offer

# of Residential Units: 130

Avg. Residential Rent: $1,287

Year Renovated: 2024

Occupancy: 92% Leased

# of Commercial Units: 1

Redwood Street: Past, Present & Future

Redwood Street History & Revival

Once known as German Street, Redwood Street was rebuilt after the Great Fire of 1904 with elegant early skyscrapers and renamed in 1918 to honor WWI hero George Buchanan Redwood. Today, its historic architecture is being revived through new apartments, restaurants, and mixed-use spaces, bringing fresh energy to one of downtown Baltimore’s most storied streets.

Once again a thriving corridor, the street is where historic architecture meets modern city living. Beautifully restored buildings are now home to stylish apartments, trendy restaurants, and vibrant mixed-use spaces. Still yet, several historical landmarks remain both in-use and in-tact, including Baltimore’s iconic Shakespeare Theater.

PICTURED: The Keyser Building (1938), now known as Redwood Place | PHOTO: Baltimore Museum of Industry

Historic Redwood Walk

Once known as “the wall street of the south,” Redwood Street was the center of Baltimore’s financial district. Today, the corridor thrives as home to several legacy institutions, as well as new businesses, headquartered in beautiful Beaux Arts-style buildings of the early 20th century.

Much of the renaissance of The Historic Redwood Walk is due to concentrated efforts of The Historic Redwood Walk Association, an organization committed to preserving and enhancing the historic street. Inspired by other historic Downtown streets, such as Annapolis, MD and Georgetown, D.C., Redwood Street is already a popular place to live, work, and play. Further plans are in place to further enhance the corridor. Plans include enhanced landscaping, widening and enhancement of sidewalks, the addition of street dining lounges, and more.

In full, plans for phase one of the Historic Redwood Walk encompass enhancements of the street from its cross section with South St. to Charles St. Notably, this phase will terminate at CFG Bank Arena, one of Baltimore’s most visited entertainment venues which recently recieved a $300M renovation. Future phases include enhancements of Redwood Street in its entirety, terminating at University of Maryland, Baltimore’s (UMB) newly delivered building, 4MLK (an $180M, 250K SF multi-tenant lab and office space).