In addition to the residences, which will occupy four above-ground levels, the six-story property will also feature 15,000 sf of retail space, as well as a parking facility to accommodate vehicles in a partially above-ground space just beneath the residential element. With its location on the 1200 block of Charles Street, the building will sit just two blocks away from Penn Station and, according to SBE&R, will thereby offer "tremendous opportunity for rail commuters, and direct corridor access to downtown's Central Business District, the University of Baltimore and Johns Hopkins University."

The SBE&R and Aegon endeavor, designed by Design Collective Inc., is estimated to be one of the largest new projects planned for Charles St. in the last 10 years. Buildings are not erected haphazardly in the historic district; as with this project, careful attention is paid to the size and style of the structure in an effort to stay true to the neighborhood, which is adorned with 19th century townhouses and other mid-rise buildings in the Beaux Arts, Classic Georgian and Renaissance Revival styles.

The next step for the developers is approval of the project design. If all ultimately goes as planned, the new condominiums will be ready for occupancy in 2006.