Projects

Mill No. 1

The No. 1 Mill project is the historic adaptive reuse of the 19th century mill building into a mix of apartments, offices and retail. The four-story brick building, which dates from approximately 1873 to 1918, is listed on the National Register of Historic Places. The Italianate building served as headquarters for Mount Vernon-Woodberry Mills, once one of the world’s largest producers of cotton duck.

Straddling about a third of a mile stretch along a pristine section of the Jones Falls stream in northern Baltimore City, the site offers a unique but central location. It offers access to the Jones Falls expressway, light rail station and Baltimore Amtrak Station and proximity to the John Hopkins University and Maryland Institute College of Art Campuses.

Mt. Vernon Mill’s location along the Jones Falls stream provides the unique opportunity to create a “green” center focused on environmental issues including stream restoration, land conservation and ecological enhancements so important to the tributaries of the Chesapeake Bay. This green center will include an on-site classroom providing educational opportunities focused on the restoration of Baltimore’s waterways, marketing to office tenants whose work is focused on environmental issues, and a partnership with a neighborhood Baltimore City charter school to provide educational and internship opportunities to students.

Specifications

Development Type
96 Residential rental units, 40,000 SF office, 9,000 SF rental
Number of Units
92 (20% affordable)
Type of Housing
Rehab
Development Cost
42,000,000
Location
Baltimore, Maryland
Project Start
December 2011
Project Complete
June 2013
Development Role
Financing Consultant
Unit Mix
96 Residential rental units, 40,000 SF office, 9,000 SF rental
Architect
Alexander Design Studio
Contractor
Kinsley Construction
Developer
Terra Nova Ventures
Owner
Terra Nova Ventures
Investor
Bank of America
Lender
Bank of America

Mill-No-1-Project-Update-92112

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What Others Are Saying About Us

“RPS engaged CCA in 2005 to assist in the disposition of RPS’s affordable housing portfolio, which consisted of over eighty properties, located throughout the country. The successful conclusion to our portfolio disposition is in large part attributable to Ben and David and their team at CCA. Though faced with a multitude of problems, including properties with extensive deferred maintenance, difficult regulatory agencies and severely distressed financial markets, CCA brought resolutions to our issues that were consistently satisfactory to all parties concerned. The depth and scope of CCA’s expertise in the many facets of the affordable housing industry proved invaluable. It has been a privilege and a pleasure to work with such a group of professionals.”