BALTIMORE—For GlobeSt.com's 2019 ADAPT awards, we reviewed countless projects across the country to recognize outstanding efforts in adaptive reuse and opportunity zones. GlobeSt.com would like to highlight Prudential Financial's Impact Investments Group for its Yard 56 East Baltimore project.
Yard 56 is a transformative mixed-use project which is approved for more than 2.2 million square feet located in East Baltimore directly across Eastern Avenue from the Johns Hopkins Hospital Bayview Medical Center. The project is the culmination of several years of engagement with the surrounding Greektown and Bayview communities, the City of Baltimore's economic development agency (Baltimore Development Corporation) and the City's planning office.
"This project is a once-in-a-generation opportunity to remove a sign of urban decay immediately across the street from one of Baltimore's most important institutions, while bringing needed services and jobs to a neglected area of Baltimore," said Daryl Shore, transaction lead from Prudential's Impact Investments group. "We are committed to the long-term partnership with MCB Real Estate on this historic reinvigoration of East Baltimore."
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