Reinvestment Fund is financing the revitalization of 1812 Greenmount Avenue, an old warehouse in Central Baltimore.
The project will create a multi-tenant commercial property in the vibrant residential Greenmount West neighborhood, located in the heart of Baltimore’s Station North Arts and Entertainment District. Built in 1900 as a warehouse that once stored horses and carriages, the building has been underutilized and disinvested by the City of Baltimore as a surplus storage facility for many years.
Ernst Valery Investments (EVI), a long-time Reinvestment Fund borrower and minority-owned development company with deep connections in Baltimore, is committed to making the approximately 30,000 sq ft building a center for Black-owned and women-owned businesses featuring affordable commercial rents and a community-development focus.
During the center’s ribbon-cutting ceremony in the fall of 2022, EVI announced that the old facility had been brought back to life with extensive renovations and improvements to the two-story building, including refitting and cleaning both floors, installing bathrooms, common areas, security, and repair loading docks and industrial access.
The first-floor anchor tenant Oyin Handmade is a family-owned, woman- and Black-owned artisanal manufacturer of moisture-rich personal care products, especially formulated for highly textured hair and dry skin. The other suites on the ground floor are 1812 Beverage Solutions Company and another woman-owned production business. The second floor features three office suites with shared amenities.
By focusing the project on several tenant opportunities with minority and women-owned businesses, this EVI warehouse transformation directly addresses Reinvestment Fund’s goal of wealth creation in under-resourced communities. While the area was once overshadowed by a rundown abandoned building, the Greenmount West neighborhood revitalization now attracts young artists and professionals.