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New Development Coming to Meyer Seed Warehouse in Fells Point!

Updated: Jul 1, 2022

Another luxury apartment complex is coming to the area... From Costar:

Chasen Completes Purchase of Former Meyer Seed Warehouse in Baltimore With Redevelopment on Deck

Company to Incorporate Site Into Larger Project Designed to House 272 Apartments, 70,000 Square of Retail

Chasen Cos. has completed its purchase of the old Meyer Seed Co. warehouse in Baltimore, clearing the way for it to begin work on the redevelopment of the Fells Point site into a mixed-use apartment and retail project.

The firm paid $10 million to acquire the 50,000-square-foot warehouse that spans a city block at 600 Caroline St. Originally home to a GMC Parts distribution center, the century-old property since 1969 has been owned by The Meyer Seed Co., a three-generation, family-run seed and garden supply that dates back to the early 1900s. The acquisition comes out to around $200 per square foot.

Early rendering of The Whitney redevelopment. (Chasen Cos.)

Now under its ownership, Chasen plans to redevelop the 1.19-acre site, combined with the adjoining parcel at 1400 Aliceanna St., into a 272-unit luxury apartment project with more than 70,000 square feet of retail space. Chasen bought the 1400 Aliceanna site in December for $5 million, according to CoStar information.

Chasen disclosed plans for the development in November, with Chasen CEO Brandon Chasen highlighting the area's prime location just blocks from downtown Fells Point and near dozens of upscale shops and restaurants in Harbor East and Harbor Point.

“With most employers adopting some form of the hybrid work model, there will be increased emphasis on supplying apartment homes that offer flexibility and secondary spaces for home offices,” Owen Rouse of MacKenzie Commercial Real Estate Services said in a release announcing the sale. “We expect additional well-located sites, primed for repurposing and redevelopment, to become available in Baltimore City based on this and other sales outcomes.”

Chasen, whose current projects include the redevelopment of Baltimore's first skyscraper, said its planned five-story apartment building at 600 Caroline will be constructed atop the Meyer Seed warehouse. Named The Whitney, the project is designed to include 100 one-bedroom and 72 two-bedroom apartments, with the existing warehouse to be repurposed for retail space and a parking garage.

Once home to H.D. Dreyer Co., a maker of wooden boxes for Coca-Cola and Pepsi, the 1400 Aliceanna St. redevelopment is slated to feature 80 one-bedroom and 20 two-bedroom luxury boutique apartments as well as 12,-00 square feet of retail and amenity space. Potential amenities include a movie theater room, billiards lounge, outdoor courtyard, bike storage, lounge area and reserved garage parking, Chasen said in its November release.

Construction activity is expected to begin by the fall.

“The robust interest in this property demonstrated the continued strength of the multifamily asset class in the Harbor East and Fells Point submarkets of Baltimore City,” Rouse added. “Successfully navigating through Baltimore City’s Historical and Architectural Preservation process and receiving timely entitlements for the new development plan was also a significant factor in achieving the market value for this property.”

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