Taking a Chance: Revitalizing Remington
For nearly a decade, Enterprise Community Partners and Seawall Development have been working together to revitalize the Remington neighborhood in Baltimore. Throughout those years, Enterprise has invested $47 million in both debt and equity into the community. Capital provided by Enterprise’s Loan Fund ($11.6 million), and equity raised through its New Markets Tax Credit team ($35.4 million) have been critical in catalyzing the inclusive economic growth and transformation in Remington.
Wide Angle Youth Media is based at Miller’s Court – the anchor of Remington’s revitalization – and was on hand to help us tell our story. As part of the Mission Investors Exchange conference this year, we hosted a walking tour to share the story of Remington’s ongoing revitalization with visitors from around the nation.
Take the Tour
Now, you too can take a three-minute tour of Remington and hear from Lori Chatman, President of Enterprise Community Loan Fund and Thibault Mannekin, CEO of Seawall Development, about the importance of this partnership and shared vision. You will see Miller’s Court, a once-vacant manufacturing plant that was rehabilitated into nonprofit office space, a coffee shop, and homes for Teach for America teachers. Our investment in Miller’s Court catalyzed other transformative projects, like the rehabilitation of the adjacent tire shop into what is now home to the Single Carrot Theatre and Part & Labor Restaurant.
You will also see the construction of Remington Row, a 250,000-square-foot mixed-use building centered on meeting the needs of Remington residents and made possible by debt and equity investments from Enterprise. Its Seawall’s largest project to date. When completed, Remington Row will span three blocks along Remington Avenue, providing the community with a new health care center, retail options, and more than 100 homes with affordable options. Right next door is another Enterprise-supported development, the soon-to-be-completed R House. Based on input crowdsourced from the community, R House will be Baltimore’s premier healthy food incubator for the city’s most innovative and entrepreneurial chefs.
Join us for this quick tour of Remington, a neighborhood that has proven that inclusive and equitable growth is possible when you have the right partners at the table. Also, keep up with the latest developments by following Make Remington – the community’s call to spirited innovators and trailblazers to be a part of Remington’s future.