$35M Infusion Means Parking Lot Will Sprout into Luxury Apartment Tower

BALTIMORE-This week, the Baltimore City Board of Estimates has taken action to pave the way for the construction of The Zenith, a 191-unit luxury mixed-use apartment property that will play a part in the city’s Westside redevelopment initiative in Downtown Baltimore. The Board signed off on a new development partnership that puts funding in place for the estimated $37 million project.

Union-supported equity real estate fund Multi-Employer Property Trust has come to the table with $35 million, joining the original development team LH Zenith LLC, which was spearheaded by Legacy Harrison Development. The new relationship is expected to be finalized within days, Baltimore Development Corp. project analysis director Irene Van Sant tells GlobeSt.com.