Today, MCB, Atapco Properties, and MLR Partners announced the new name for the 8-acre neighborhood in West Baltimore formerly known as Madison Park North. Reservoir Square is a new mixed-use development currently under construction on North Avenue.
“The rebranding signals a new chapter in the story of West Baltimore’s renaissance,” says P. David Bramble, Co-Founder and Managing Partner of MCB Real Estate, LLC. “Reservoir Square ties together Baltimore’s historic neighborhoods and will provide a great place to live, shop, and work. This project is personal for me, as I grew up in West Baltimore and my wife and I are raising our children here now. We want to sincerely thank the community for their time and input, as well as the continued State and City support, especially from Senator Antonio Hayes and former Delegate Tony Bridges, the entire City delegation and the Moore Administration.”
The development team held a community charette at Dorothy I. Height Elementary to solicit feedback for the new name, which was attended by over 60 community members, Baltimore City Council President Nick Mosby and Councilman James Torrence. The name Reservoir Square is a direct nod to the adjacent, historic community of Reservoir Hill, and with a central green, celebrates the urban squares of Baltimore City.
The first phase of Reservoir Square, currently under construction, includes the creation of a new street grid, more than $1M in improvements to North Avenue, and the sale of 120 townhome lots to Ryan Homes. The first townhomes will be available for sale this fall. The second phase includes the development of the remaining two parcels, totaling nearly three acres, bringing the first fresh-food grocery store to the Reservoir Hill neighborhood in decades, along with office space, 200 apartments,and newretail options for the community.
“We are thrilled to be a part of this important project said Russ Powell, Senior Vice President of Atapco Properties.Atapco has been committed to supporting the success of Baltimore for over 100 years and believe that private sector investment and continued confidence in the potential of the City will result in a prosperous future for everyone.”
Reservoir Square is located at 750-850 W. North Avenue with easy access to 83, light rail, and 2 MARC stations. To sign up for updates about the project, please visit www.reservoirsquare.com
MCB Real Estate, LLC is an institutional investment management firm headquartered in Maryland. MCB boasts a diverse portfolio of operating assets totaling approximately 14 million sq. ft. of industrial, office, retail, mixed-use, and multi-family properties with almost 4 million sq. ft. in its development pipeline. www.mcbrealestate.com
Atapco Properties, Inc. is a wholly owned subsidiary and the real estate arm of American Trading and Production Corporation. Atapco develops retail, industrial, residential, office and mixed-use properties throughout the Mid-Atlantic. www.atapcopropeties.com
MLR Partners is a privately held, Baltimore-based commercial real estate investment and management firm founded in 2011 that acquires, develops, manages, and invests in assets in the retail, mixed-use, office and industrial sectors.
