A $26.8 million plan to build a six-story, 97-unit apartment project on downtown Baltimore’s west side is moving to the construction phase, after Baltimore’s spending board approved a construction loan for the development.
Mayfair Place is the name of the project, which will incorporate the reconstructed front façade of the historic Mayfair Theatre. Zahlco Development and Northern Virginia Real Estate Urban Ventures are the developers.
At its meeting on Wednesday, Baltimore’s Board of Estimates approved without discussion a request from the city’s housing department to make an Inclusionary Housing Loan of up to $960,000 to 300-304 W. Franklin LLC, which is controlled by Zahlco Mayfair LLC, an affiliate of Zahlco Development.
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