191-unit ‘Sharp-Leadenhall Apartments’ complex changes hands

The Sharp-Leadenhall Apartments complex at 911 Leadenhall St. was sold in late 2021 by Evergreen Partners to Hudson Valley Property Group (HVPG) for $18 million. The 191-unit complex has a HUD Section 8 contract and Low-Income Housing Tax Credit income restrictions.

Sharp-Leadenhall Apartments has a six-story tower at W. Hamburg St. and Leadenhall St. and numerous three-level, two-unit apartment buildings on the 1oo block of W. Henrietta St., the 900 block of Peach St. ., the 100 block of W. Hamburg St. and the 1000 block of Leadenhall St.

“We are excited to expand our portfolio and impact in Baltimore and preserve more affordable housing in this thriving community,” Jason Bordainick, managing partner and co-founder of HVPG, said in a press release.

Sharp-Leadenhall Apartments is HVPG’s fourth acquisition in Baltimore City. This gives the company 650 affordable housing units in the area.

HVPG plans $1.8 million in upgrades to the resort, including “upgrades to common areas such as new furniture, paint, flooring, kitchen appliances and cabinetry; lobby upgrades; laundry room upgrades; and an exterior refresh targeting the building facade and functional landscaping; as well as improving security and scheduling tenants based on the unique needs of residents. »

Bordainick told SouthBMore.com that the process of kicking off the renovations has begun and will likely be complete within a year. He said the improvements will be noticeable for people passing through high-traffic streets, such as W. Hamburg St., which is a gateway to stadiums.

Community Realty Management (CRM) will take over the property management of the Sharp-Leadenhall apartments.

The blocks occupied by Sharp-Leadenhall Apartments have been the site of violent crime over the years with a double shootings in 2020 that resulted in a homicide; an attempted murder in 2020; one homicide in 2019; a stab wound in 2019; and a homicide in 2017.

Bordainick said he plans to engage with consultants and residents to get the right safety plan in place. “Part of creating a quality place to live is making residents feel safe,” he said.

He also noted that CRM has “very high standards” for operating a property.

“The Hudson Valley’s deep experience in providing affordable senior housing will lead to a better quality of life for our Sharp-Leadenhall residents,” Councilman Eric Costello said in a news release. “I am thrilled that they will continue to invest in our city and look forward to working with them for years to come as we continue to leverage Stadium Square’s efforts to help revitalize the Sharp-Leadenhall community of thoughtful and inclusive manner.

About the Author: Kevin Lynch

Founder and publisher of SouthBmore.com, longtime resident of South Baltimore and graduate of Towson University. Diehard Ravens and O fan, father of three, amateur pizza maker, skateboarder and foodie. Email me at [email protected] and follow me on Twitter at @SoBoKevin.

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