A subsidiary of La Cité Development and BRP Development Corp. has secured $56.1 million in construction financing for the development of a mixed-use development in Southwest Baltimore. The $80 million project, CenterWest, will feature be a six-story development with 262 units, 20 percent of which will be reserved for those earning 50 percent or below of the area’s median income. The mixed use portion will feature 19,000 square feet of ground-floor retail, subterranean parking, neighborhood services, a dog park and a plaza. According to the developer, construction work is expected to take between 20 and 24 months. The funding was provided by KeyBank Real Estate Capital.
