{"id":1004111387,"date":"2015-01-18T13:02:09","date_gmt":"2015-01-18T21:02:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=316802"},"modified":"2020-05-19T04:17:10","modified_gmt":"2020-05-19T12:17:10","slug":"monument-realty-will-convert-baltimore-office-building-into-apartments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monument-realty-will-convert-baltimore-office-building-into-apartments\/","title":{"rendered":"Monument Realty will Convert Baltimore Office Building into Apartments"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/225-North-Calvert-Street.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-316803\" title=\"225 North Calvert Street\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/225-North-Calvert-Street.jpg\" alt=\"\" width=\"300\" height=\"233\" \/><\/a>Monument Realty has purchased the office building at 225 North Calvert Street in Baltimore from an affiliate of Cornerstone. The D.C.-based company plans to turn the 400,000-square-foot property into Class A apartments.<\/p>\n<p style=\"text-align: justify;\">According to <a href=\"https:\/\/www.bizjournals.com\/baltimore\/blog\/real-estate\/2015\/01\/monument-realty-acquires-225-n-calvert-for-4m.html?page=all\" rel=\"nofollow\" ><em>The Baltimore Business Journal<\/em><\/a>, Monument paid $4 million for the property. The conversion project is expected to cost about $75 million. When completed, 225 North Calvert Street will feature 350 units on 17 floors, with 8,000 square feet of ground floor retail space. The project also calls for the conversion of two existing office floors into parking.<\/p>\n<p style=\"text-align: justify;\">Monument has already received schematic approval from Baltimore\u2019s Urban Design and Architecture Review Panel. It plans to start demolition of the office interiors and removal of the 1970s-era fa\u00e7ade this summer. According to Michael Darby, principal of Monument, the project will create a whole new building, with large windows, above-average ceiling heights, and a modern fa\u00e7ade.<\/p>\n<p style=\"text-align: justify;\">Hord Coplan Macht is the architect. Monument did not announce when it expects to finish the project.<\/p>\n<p style=\"text-align: justify;\">225 North Calvert Street isn\u2019t the D.C.-based developer\u2019s only residential project in the Baltimore-Washington area. Last October, Monument broke ground on the Monument Village at College Park. The 235-unit multifamily development in College Park, MD is expected to be completed in early 2016.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/www.hcm2.com\" rel=\"nofollow\" ><em>Hord Coplan Macht<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before the end of 2014, Monument Realty purchased the office building at 225 North Calvert Street, in Baltimore. The D.C.-based company plans to turn the 400,000-square-foot property into Class A apartments.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21742],"tags":[],"class_list":["post-1004111387","post","type-post","status-publish","format-standard","hentry","category-baltimore","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monument Realty will Convert Baltimore Office Building into Apartments - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/monument-realty-will-convert-baltimore-office-building-into-apartments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monument Realty will Convert Baltimore Office Building into Apartments\" \/>\n<meta property=\"og:description\" content=\"Before the end of 2014, Monument Realty purchased the office building at 225 North Calvert Street, in Baltimore. The D.C.-based company plans to turn the 400,000-square-foot property into Class A apartments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/monument-realty-will-convert-baltimore-office-building-into-apartments\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-18T21:02:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T12:17:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/225-North-Calvert-Street.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monument-realty-will-convert-baltimore-office-building-into-apartments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monument-realty-will-convert-baltimore-office-building-into-apartments\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Monument Realty will Convert Baltimore Office Building into Apartments\",\"datePublished\":\"2015-01-18T21:02:09+00:00\",\"dateModified\":\"2020-05-19T12:17:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monument-realty-will-convert-baltimore-office-building-into-apartments\\\/\"},\"wordCount\":226,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monument-realty-will-convert-baltimore-office-building-into-apartments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/01\\\/225-North-Calvert-Street.jpg\",\"articleSection\":[\"Baltimore\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monument-realty-will-convert-baltimore-office-building-into-apartments\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monument-realty-will-convert-baltimore-office-building-into-apartments\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monument-realty-will-convert-baltimore-office-building-into-apartments\\\/\",\"name\":\"Monument Realty will Convert Baltimore Office Building into Apartments - 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