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225 North Calvert apartments Baltimore

Broadshore Nabs Baltimore Offices Turned Apartments

Broadshore Capital Partners, in a joint venture with an investment partner, has completed the acquisition of 225 North Calvert, a 347-unit, 17-story apartment building in the Inner Harbor District of downtown Baltimore. Deal terms weren’t disclosed. 

The seller completed a top-to-bottom renovation of the circa-1967 office building in 2018, converting the property to a Class A apartment tower. Along with apartments, the building also provides 9,535 square feet of ground-floor retail space.  

“Downtown Baltimore has evolved in the decades since 225 Calvert was originally constructed and in its new incarnation it offers a well-located, modern residential opportunity in a central business district that also benefits from being a popular tourist destination,” said Brad Howe, co-CEO, Broadshore.  

Broadshore’s head of East Coast acquisitions, Scott Clukies, led the company’s team on the transaction. The seller was represented by a JLL team of Walter Coker, Brian Crivella and Robert Jenkins. 


Inside The Story

Broadshore’s Howe

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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