Cushman & Wakefield's Mid-Atlantic Multifamily Advisory Group is pleased to present One Charles Center, a rare and generational opportunity to acquire a large residential conversion opportunity in Baltimore’s dynamic Central Business District. The Building is well-suited for acquisition by a developer seeking to deliver Class A Urban High-Rise Product with deep luxurious amenities.
Totaling 23 Floors, One Charles Center is well-appointed to attract urbane sophisticated renters seeking city living in proximity to major work and entertainment centers. The Property was originally designed by world-renowned architect, Ludwig Mies van der Rohe, and is recognized as the first building in Charles Center precipitating Baltimore’s urban renewal movement in the 1960’s. One Charles Center underwent major renovations in 1987 and 1993 with the latter renovation restoring the building to its original Mies van der Rohe design and condition. A full-service amenity floor was added to the building in 2021.
The Central Business District and Downtown Baltimore has seen a resurgence of late with $50M+ in Transaction Volume within 2 blocks of One Charles Center across nearly a dozen transactions since January 2020.
Baltimore, MD 21201
Emerging as one of the most attractive asset classes to both institutional and private investors, Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include an average median rent of $1,700 per month for three-bedroom homes and Y-O-Y rent increase of almost 10%. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels..
Baltimore, MD 21212