August 12, 2014
QUEENSTOWN – Eastern Shore Land Conservancy contracted with Cross Street Partners, a real estate consulting company that counts among its projects Baltimore’s Food Hub, Harbor East and Belvedere Square, for assistance with the Eastern Shore Conservation Center.
The company will provide financial advisory services, including polishing the project’s budget as ESLC prepares to close on a tax credit, representing ESLC as it pursues federal historic tax credits, and help with post-closing accounting needs.
“I have seen the Baltimore work of Bill Struever and Cross Street Partners and it is amazing,” said ESLC Executive Director Rob Etgen. “They take beat up historic industrial buildings and turn them into vibrant, stimulating hubs of economic and community activities – and always with a focus on local food and sustainability. Cross Street Partners is an ideal part of our team for revitalization of the McCord and Brick Row buildings into the Eastern Shore Conservation Center.”
ESLC officially broke ground Friday, July 18, on the Eastern Shore Conservation Center. The design and renovation of the former McCord and Brick Row buildings will cost about $7.6 million. To date, ESLC has raised $5 million.
The LEED-certified campus will be home to ESLC headquarters, as well as other conservation and community-centered nonprofits. A café, a courtyard open to the public, and meeting rooms will make this a community conservation center.
The dilapidated and abandoned McCord building and neighboring Brick Row, which was damaged by fire, will become a place for nonprofit collaboration and will revitalize a forgotten section of South Washington Street.
Other than financial advisory services, Cross Street Partners offers property and asset management, master planning and development service, construction management and general contracting, retail merchandising strategies, and marketing services.
The firm also served as the owner’s representative for the Under Armour Headquarters/Visitors Center and Skywalk in Locust Point and provided development, retail