Baltimore affordable apartment tower sells for $21.7M, millions in upgrades planned

A New York-based investment group has shelled out $21.7 million for an affordable housing tower in Sharp Leadenhall and is planning to spend nearly $2 million on upgrades. Hudson Valley Property Group acquired the 191-unit property at 911 Leadenhall St. last month from seller Evergreen Partners. The new owner is preparing to redo some of the units, add updated common space and make outdoor facade and landscaping improvements this year to move the development toward being fully leased, said Jason Bordainick, managing partner of Hudson Valley.