City to sell prop­er­ties on west side to de­vel­oper AZ

Baltimore Sun - - NATION - — Natalie Sher­man

The AZ Group hopes to start con­struc­tion next sum­mer on about 50 apart­ments on the west side of down­town, af­ter pur­chas­ing a col­lec­tion of city-owned prop­er­ties. Bal­ti­more would re­ceive $79,000 for prop­er­ties at 423-425 N. Howard Street and 217-225 W. Franklin Street un­der the land dis­po­si­tion agree­ment out­lined on this week’s Board of Es­ti­mates agenda. The Bal­ti­more-based firm plans to in­vest about $5 mil­lion to cre­ate the apart­ments, as well as about 3,500 square feet of re­tail space, said AZ Group CEO Aziz Hous­seini. The pro­ject, pre­sented to the full board of the Bal­ti­more Devel­op­ment Corp. in April, orig­i­nally in­cluded of­fices and space for Ro­bi­celli’s Bak­ery, but those plans changed, in part be­cause of in­vestor ap­petite, Hous­seini said. This will be the big­gest pro­ject to date for AZ Group, started in 2014.

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