Linden Park Baltimore, MD

Formerly Memorial Apartments

Property Information

  • Address: 301 McMechen Street, Baltimore, MD, 21217
  • Number of Units: 266 units (originally 286)
  • Affordability: Affordable housing for seniors with incomes below 60% of Area Median Income (AMI); 57 units are subject to Section 8 contract.
  • Construction Costs: $25 million
  • Total Development Costs: $54.03 million

Awards

  • Design for Aging Review Award, 14th Edition - Special Recognition from AIA
  • Excellence in Design Award - Honorable Mention from AIA Baltimore
  • Good Design = Good Business Award - Honorable Mention from AIA Baltimore
  • Best In Show - Senior Award from PMA

Project Partners

  • Owner: Memorial Development Partners, LP
  • Nonprofit Partners: Memorial Apartment Corporation & National Housing Trust/Enterprise Preservation Corporation
  • Tax Credit Syndicator: Boston Capital
  • Tax Credit Investor: JP Morgan Chase
  • Permanent Lender: Red Mortgage Capital/FHA
  • Bridge Lender: JP Morgan Chase
  • Gap Funding: Maryland CDA (RHW and CIF)
  • Bond Issuer: Maryland CDA
  • Bond Purchaser: JP Morgan Chase and Capital One
  • Predevelopment Financing: NHT/Community Development Fund & Maryland Affordable Housing Trust
  • Architect:  Wiencek & Associates
  • Contractor: Hamel Commercial Inc.
  • Property Management: Habitat America, LLC

A partnership between Somerset Memorial Partners and Memorial Apartments Corporation (MAC), the original non-profit owner of the Memorial Apartments, purchased this senior high-rise apartment building in April 2014 and began a major renovation project to preserve 266 units of affordable housing. With total development costs of $54 million and a $25 million construction budget, the community has been transformed into a state-of-the-art senior apartment facility in a prime location in the historic Bolton Hill neighborhood of Baltimore. The neighborhood dates to the 1860’s and is one of Baltimore’s most stable, with consistently high property values and rates of homeownership. Memorial, located within half a mile of the Upton and State Center Metro Stations and on regional bus routes, is within walking distance of many of the City’s services and amenities. A grocery store, pharmacy and hardware store are across the street. There is a lovely, secluded garden on the south side of the site.

Memorial Apartments has been renamed Linden Park Apartments in recognition of the park-like setting and the original street that ran through what is now an apartment building with three wings on the original 3.6 acre site. Memorial Apartments, originally built in 1967, was one of the earliest HUD 202-financed projects in the country and provided apartment living for seniors 62 years and older. The building was governed by a board of community residents and members of the Memorial Episcopal Church, which was the project’s initial sponsor. The church was given 3.6 acres which were a part of the Madison – Park South Urban Renewal Plan (1966).

As part of the renovations, Linden Park had all of its core infrastructure systems upgraded to provide highly efficient central heating and cooling systems, new windows, new domestic plumbing, and new elevators. The community boast all new apartment interiors with energy efficient appliances and water saving devices; new laundry facilities and lounges on every floor; new community gardens and landscaping; new security systems and lighting, and universal design standards throughout the building which have significantly improved the quality of life for the residents. Additional amenities include a new catering kitchen, game room, computer lab, fitness room, wellness center, hair salon, and a solarium over-looking the gardens. A robust set of services is being offered to enhance the senior living experience and to encourage aging-in-place, an enormous benefit not only to the residents but the neighborhood and the entire Baltimore community.

As a part of the redevelopment of the site, the development team subdivided the lot to provide for the development of a new apartment building with approximately 60-65 units of market-rate housing at the corner of Eutaw Place and McMechen Streets. The proceeds from the sale of the Eutaw Place parcel provided additional funding to the redevelopment of Memorial Apartments. The development of this site, with the preservation of 266 affordable senior units and the new market rate apartments, will fulfill the vision of the HUD Choice Neighborhoods Plan to enhance the development of this intersection by tying Bolton Hill and Eutaw Place together, as a vibrant, mixed-income neighborhood.