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.


Development Type
96 Residential rental units, 40,000 SF office, 9,000 SF rental
Number of Units
92 (20% affordable)
Development Cost
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
Alexander Design Studio
Kinsley Construction
Terra Nova Ventures
Terra Nova Ventures
Bank of America
Bank of America

What Others Are Saying About Us

“I have worked with the principals of Chesapeake since the inception of Cinnaire in 1993. They have proven to be the most highly skilled and knowledgeable group of professionals we have ever worked with in this industry. Their creative and entrepreneurial approach to real estate development and finance have made them the number one choice for Cinnaire to assist us in complex and difficult real estate transactions. The use of Chesapeake in our Housing Tax Credit Year 15 disposition strategies has produced results for our investors that were beyond their expectations and has been a model we use in all of our disposition strategies. They are real estate experts extraordinaire with the added benefit of being socially minded. They not only care about the investor and owner benefits but also take into account a positive outcome for the residents.”