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Construction begins on 102-unit apartment building in downtown Baltimore

Construction began last month on a 102-unit apartment complex in the former Provident Bank building in downtown Baltimore.
The first apartments at 114 E. Lexington St. will be ready in September, says Laurel Howell, senior vice president of marketing for Kettler Inc. The McLean, Va., firm will manage the property. The 11-story building will house retail on the first floor, a fitness room and iPad bar in the lobby.
The Lenore will contain one- and two-bedroom apartments, some of them lofts, with wood floors and granite countertops. Rental rates have not been set.
Gaithersburg developer Baybridge Property Group is preserving features of the 1928 historic building, including floor-to-ceiling windows. The building originally opened as a local branch of the Federal Reserve Bank of Richmond. Provident Bank and then M&T Bank used it until a year ago.

Several other office buildings are being converted to meet demand for downtown housing. Eighteen apartments are planned above the Carrollton Bank branch at 344 N. Charles St., which was sold in April. PMC Property Group expects to finish 70 apartments at 521-545 St. Paul St. this summer and 92 at the former Baltimore Life Insurance Co. headquarters at 301 N. Charles St. this fall. Another 445 apartments are planned at 10 Light St.

The first apartments at The Lenore are expected to be ready in September, according to Laurel Howell, senior vice president of marketing for Kettler Inc., which will manage the building. Businesses have shown interest in the two retail spaces on the first floor, she said.
Writer:  Wayne Countryman
Source:  Laurel Howell, Kettler Inc. 
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