Get unlimited digital access to baltimoresun.com. $0.99 for 4 weeks.
Business Real Estate The Real Estate Wonk

10 Light Street to be converted to apartments

A Virginia firm is planning to convert 10 Light Street, Baltimore’s iconic red-brick office tower topped with green and gold, into apartments.

“The 520,000 square foot, 34 story structure will be converted to 445 for-lease residences,” according to a statement on the website of Metropolitan Partnership Ltd., the Reston, Va., development firm that purchased the building in November for $6 million.

Ten Light was completed in 1929 and last sold in 2002, for $5.3 million to the Nellis Corp. That company, based in Rockville, sold the building to Metropolitan Partnership after several months of working with city agencies “on plans for its sale and conversion to residential use,” the statement said.

“The Art Deco building is fashioned from Indiana limestone and local brick over a steel frame,” Metropolitan Partnership’s statement said. “The building’s exterior is decorated with carved, Mayan Revival-style images and is capped with a copper and gold mansard roof. The ornate, four-story main colonnaded lobby is decorated with mosaic floors and historic murals depicting Baltimore’s history.”

At 509 feet, 10 Light Street is the second-tallest building in Baltimore — about 20 feet shorter than the Transamerica tower. The law firm Miles and Stockbridge, 10 Light’s only office tenant, has agreed to move into the Transamerica building early next year.

The building now also contains a Bank of America branch. After the conversion to apartments, the first floor of the building will continue to house retail tenants, according to Baltimore’s Downtown Partnership.

Have a real estate news tip or experience to share? Email me at steve.kilar@baltsun.com.

Copyright © 2015, The Baltimore Sun
Related Content
  • Sun coverage: Baltimore City buildings transformed
    Sun coverage: Baltimore City buildings transformed

    Developers are finding new uses for underutilized buildings in downtown Baltimore and its nearby neighborhoods. Among the "adaptive reuse" projects recently announced is the conversion to apartments of 10 Light St., the red-brick office tower crowned with green and gold that is one of...

  • Local civil rights advocates worry about housing case
    Local civil rights advocates worry about housing case

    Lawyers who launched a fair-lending case in Baltimore against Wells Fargo that ended with a $175 million settlement three years ago had an effective weapon: a federal legal standard recognizing discrimination by effect as well as intent.

Comments
Loading