Bal­ti­more pre­pares to sell Old Town Mall prop­er­ties

Baltimore Sun - - AROUND THE REGION - —Natalie Sher­man

The city is pre­par­ing to sell the first prop­er­ties that will be part of a broader re­de­vel­op­ment near Old Town Mall planned to bring more homes, of­fices and a gro­cery store to the area. Old­town Se­nior LLC, an af­fil­i­ate of a team that in­cludes Hen­son De­vel­op­ment Co., Beatty De­vel­op­ment, Mis­sion First Hous­ing Group and the Com­mer­cial Group, has agreed to buy three parcels for $400,000. The agree­ment, ap­proved by the Board of Es­ti­mates on Wednes­day, is a sign of com­mit­ment to­ward at least part of the project. The city is still ne­go­ti­at­ing the sale of other prop­er­ties, but Dan Hen­son of Hen­son De­vel­op­ment Co. said the de­vel­op­ers asked to move for­ward with this sub­set, so they can meet a dead­line to ap­ply for low-in­come hous­ing tax cred­its. They plan to build 81sub­si­dized apart­ments for se­niors with re­tail, com­mu­nity and green space on the lots

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