An Owings Mills-based real estate investment group announced plans Tuesday to convert a former Hochschild, Kohn & Co. department store warehouse and showroom in Mount Vernon into apartments.
"The building will offer 171 residences comprised of 146 studio and one-bedroom units and 25 two-bedroom units," said a statement from the Time Group. Apartment sizes will vary from 470 square foot studios to 950 square foot two-bedroom units — all will have 13 foot ceilings, the firm said.
The 225,000 square foot brick building at the corner of West Centre Street and Park Avenue will become market-rate rentals, the Time Group said. The development firm expects renovations to begin early next year and to be complete by the spring of 2014, the statement said.
"Built in 1941 ... the building housed Hochschild Kohn’s furniture showroom and its fur storage vault, as well as warehouse space for merchandise on offer at Hochschild Kohn’s nearby Howard Street department store," the Time Group said.
The building has a 5,000 square foot courtyard, the developer said, which will be improved with a garden and water feature.
"Parking will be available at an indoor garage and on an adjacent surface lot, although the developers expect that many residents will find no need to own a car, since the neighborhood offers abundant public transportation and car-sharing services," the Time Group said.
The first floor will be used for retail, the development group said.
"The developers are seeking a merchandising mix that could include a market or drug store as well as a cafe or restaurant," the firm's statement said.
The Time Group's property management affiliate, WPM Real Estate Group, will manage and lease the property. Kinsley Construction Inc., based in York, Pa., will handle the construction. Marks, Thomas Architects, located on Key Highway in South Baltimore, will be designing the renovation.
In addition to housing furs for Hochschild, Kohn, the building has been home to the Bank of Baltimore and, more recently, the insurance firm Aegon.
Have a real estate news tip or experience to share? Email me at firstname.lastname@example.org.Copyright © 2015, The Baltimore Sun