August 1, 2018
Revere Bank Customer Breaks Ground on New Baltimore Development Project
Revere Bank customer Poverni Sheikh Group broke ground on its construction project on North Howard Street in Baltimore. The developer began its multimillion-dollar project in a section of downtown Baltimore that has struggled with disinvestment. The ground breaking took place July 26.
Revere is providing construction financing for the project that will preserve the historical facades of five buildings on the street. The project will feature 41 market-rate apartments and five ground floor retail spaces. The group aims to inspire growth on the rest of Howard Street and the Westside in order to establish a thriving community. The section of the city was once a part of a successful retail district, but after the department stores left, the Westside began to decline. Poverni Sheikh Group is planning on completing the project next year.
Read more about the project in The Daily Record.