Gallagher collaborated with stakeholders including ReBuild Metro and Somerset Development to facilitate the construction of a mixed-use development incorporating affordable housing, a community park, and an extension of the Enoch Pratt Free Library system in Baltimore’s Johnston Square neighborhood.
This comprehensive transformation involved the rebuilding of abandoned homes to facilitate a centerpiece 4-acre community park and playing field, part of the 2020 Johnston Square Vision Plan. The park is buttressed by affordable housing, including the 109-unit The Hammond at Greenmount Park, as well as a 48,000 square-foot makerspace. The new Johnston Square Branch of the Enoch Pratt Free Library, which occupies 9,000 square feet on the building’s ground floor, is the result of an innovative public-private partnership between a real estate development team, a community, and a public library system.
The recent grand opening of The Hammond at Greenmount Park was attended by nearly 1,000 civic leaders and supporters to celebrate a major step forward in Johnston Square’s revitalization.
“When we talk about Baltimore’s Renaissance, projects like this one are exactly what we’re talking about: 100 affordable homes and the first new branch of the Enoch Pratt Free Library in 15 years,” said Baltimore Mayor Brandon M. Scott. “This building will be an incredible resource for all of East Baltimore. It’s a prime example of what we can accomplish when a community like Johnston Square comes together and commits to changing their neighborhood for the better. With the support of so many of our partners, we are delivering on a future for our city that benefits all of our residents, especially those that have faced intentional disinvestment for generations.”
The Gallagher team advised on the property acquisition, bond financing, low-income housing tax credits, and library lease negotiations for this project and was led by Mark Keener and Jake Niemyer, with support from Rick Gerriets.
About Somerset Development Company
Somerset Development Company specializes in the revitalization of urban communities. Based in Washington, D.C., with an office in Baltimore, MD, Somerset focuses on the development and preservation of affordable housing, as well as mixed income, mixed-use, and market-rate residential properties. Undertaking the redevelopment of distressed urban properties that are often seen as liabilities, Somerset works to transform them into assets, while preserving the essence of community.
About Gallagher
For nearly 65 years, Gallagher has been a trusted partner for businesses and non-profits across the mid-Atlantic region. Representing top universities, hospitals, financial institutions, real estate developers, and more, our firm is experienced in a wide range of practice areas, including real estate development, affordable housing development and financing, civil litigation, health care, employment law, corporate transactions, renewable energy, and confidential investigations. We pride ourselves on offering innovative, practical solutions with a personal touch, acting as your partner and trusted advisor. With a deep commitment to seeing challenges from every angle, Gallagher is here to help you navigate the complex legal landscape with confidence.
