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Impact of Baltimore's Affordable Housing Initiatives

How is the city prioritizing affordable housing to incentivize long-term growth for the region?

Cheryl Washington

Cheryl Washington

President & CEO

East Baltimore Development, Inc.

Richard Baron

Richard Baron

Chairman & CEO

McCormack Baron Salazar

Doug Schmidt

Doug Schmidt

Principal

WorkShop Development

Owen Rouse
Moderator

Owen Rouse

VP

MacKenzie Commercial Real Estate Services

Cheryl Washington

President & CEO

East Baltimore Development, Inc.

Cheryl Washington is the President and Chief Executive Officer for East Baltimore Development, Inc.

(EBDI), which is the non-profit 501(c)(3) organization charged with overseeing the $1.8 billion revitalization of

an 88- acre portion of East Baltimore adjacent to the Johns Hopkins medical campus. EBDI was established in

2002 by the Mayor and Baltimore City Council with the mission of positively transforming a targeted East

Baltimore neighborhood by creating new and enhanced economic, housing, employment, business and human

development opportunities for current and future residents.

As President and CEO, Ms. Washington provides the vision and leadership necessary to implement the master

plan for this large mixed-used and mixed-income community revitalization effort. Ms. Washington has been

with EBDI since 2004 and has provided leadership on every aspect of the organization by always keeping the

core values of community engagement, economic inclusion, and responsible redevelopment at the

forefront of every decision. Harnessing the strength and power of this public-private partnership, Ms.

Washington prides her leadership style as being collaborative, inclusive, and solution-oriented. In addition to

overseeing the administrative, financial and operational functions of the organization, Ms. Washington serves

as the lead negotiator in real estate development transactions and sets the programmatic and policy agenda for

EBDI’s human and community services work. During her tenure, EBDI was the 2020 recipient of the Greater

Baltimore Committee’s 2020 Bridging the Gap Achievement Award in Diversity in Leadership.

Prior to her current appointment, Ms. Washington was the Chief Operating Officer at EBDI and had the

primary responsibility of advising the President & CEO and other key members of the executive and senior

management team on operational, administrative, human resources, internal and external communications,

economic inclusion and workforce development. She served as the management liaison to the Board of

Directors and the various Board committees and served as Corporate Secretary. In addition, she served as

grants manager and liaison to funders and other stakeholders regarding grant applications, reporting, payments,

and other matters that may arise; as well as the liaison to external stakeholders regarding communications,

marketing and branding strategies and the planning of all events to be held in the EBDI project area.

Ms. Washington also managed economic inclusion and workforce development programming, policy

development, and compliance monitoring. Under her leadership, EBDI has exceeded its goals related to local

and minority business contracting and local hiring. Moreover, EBDI’s economic inclusion and workforce

development model has been commended by Congressman Cummings as setting the pace for inclusion across

the country and has been emulated by other redevelopment projects and jurisdictions.

Prior to EBDI, Ms. Washington was the Executive Director of Aunt Hattie’s Place, Inc., a residential leadership

program for boys in foster care that her mother, Dr. Hattie Washington, founded. She received her Juris

Doctor from the University of Maryland Francis King Carey School of Law in 1996 and was admitted to the

Maryland State Bar later that same year. She graduated magna cum laude from Norfolk State University with a

Bachelor of Science degree in Mass Communications.

Ms. Washington currently serves on the Board of Trustees for the East Baltimore Community School and the

Advisory Board of Fulton Bank, National Association. From 2011 through 2014, she was a Mayoral appointed

member of the Governing Board for Baltimore City Head Start and served as Secretary and Chairof the

Board during her tenure. Previous board service was with Outward Bound and Girl Scouts of Central

Maryland. In 2013, Ms. Washington was honored to be a recipient of the Daily Record’s Top 100 Women of

the Year Award. Ms. Washington was a member of the Class of 2000 Greater Baltimore Committee

LEADERSHIP program and the Class of 2003 of Leadership Maryland. Ms. Washington has been a proud

member of Delta Sigma Theta Sorority, Inc. since 1992.

Doug Schmidt

Principal

WorkShop Development

Doug's love for Lego and block construction made it clear from an early age that he was destined for a career in real estate development. As the founding principal of WorkShop Development, Doug has channeled his creative leanings and passion to bricks and mortar projects in the rapidly changing urban landscape of Baltimore.

After graduating from Duke University, Doug spent 16 years at CB Richard Ellis as a broker focusing on landlord representation and national corporate assignments. Doug co-founded Chesapeake Real Estate Group in 2005 and further honed his focus on urban and suburban development with the founding of WorkShop Development in 2014. Doug is also an expert in Brownfield development.

Doug is active both in the Baltimore real estate industry and local community. He is the Vice Chair of the Southeast Community Development Corporation working to improve the lives of all Baltimoreans.

Owen Rouse

Moderator

MacKenzie Commercial Real Estate Services

Owen joined MacKenzie Commercial Real Estate Services, LLC in 2019 as Vice President of Investment Sales, leading the firm’s investment sales team which specializes in the third-party acquisition and disposition of commercial real estate assets in the State of Maryland and surrounding region, and advises clients on investments strategies, value maximization, and stabilization.

Prior to joining MacKenzie, Rouse was affiliated with Manekin, LLC of Columbia, MD. He was recruited in 1995 to unwind Manekin’s position in institutional joint ventures which ultimately gave rise to a boutique investment sales platform. As Director of Manekin’s Investment Services practice, Rouse represented clients in the purchase and sale of investment real estate, site selection and assemblage, underwriting, and structuring transactions. Rouse then assumed the position of Director of Brokerage overseeing 22 brokers across three offices. He finally shifted his role with Manekin to Capital Markets, identifying and structuring potential projects – and the venture partners to fund them – as well as playing an active role in the strategy and direction of the firm. Rouse is active with area nonprofits including the Advisory Council for Stevenson University where he is currently serving as President; and, Habitat for Humanity of the Chesapeake. He has also served as President of CORFAC International, a national/global network of commercial real estate services organizations and former President of the local chapter of National Association of Office and Industrial Properties.

Baltimore's Multifamily Development & Opportunities

Learn how the city is strategizing for their 2023 residential development pipeline and how the latest opportunities are being utilized

Colin Tarbert

Colin Tarbert

President & CEO

Baltimore Development Corporation

Chris Mfume

Chris Mfume

Managing Partner

The Civic Group.

Ryan Scully

Ryan Scully

Senior Development Manager

AvalonBay Communities

Patrick Bell

Patrick Bell

Investment Associate

MAG Partners

Adam Baker
Moderator

Adam Baker

Partner

Rosenberg Martin Greenberg

Chris Mfume

Managing Partner

The Civic Group.

As the managing partner of The Civic Group., Christopher Mfume is responsible for leading all development and investment activities and guiding the firm’s projects through inception to completion. Prior to founding CLD, Mr. Mfume worked for Beatty Development Group where he had active roles in over $400 million in real estate investment and development. He holds a B.A. from Wake Forest University and serves on the board of several non-profits and community initiatives including the UMB Cure Scholars, and The Baltimore Hotel Corporation. He is also a member of The Housing Association for Non-profit Developers (HAND) focused on the production and preservation of affordable housing in the Capitol Region, AAREP DC, the Urban Land Institute, and Thread, a volunteer-driven mentor program.

Ryan Scully

Senior Development Manager

AvalonBay Communities

Ryan Scully is a Senior Development Manager at AvalonBay Communities, Inc. (NYSE: AVB) responsible for all facets of the Real Estate Development process from site acquisition through community stabilization. He has been involved with numerous AvalonBay developments throughout the Mid-Atlantic. In Baltimore, Ryan has led the development team for Avalon Towson, Avalon 555 President, and Avalon Hunt Valley West which is currently under construction. He has a Master of Business Administration from Vanderbilt University and undergraduate degrees in Accounting and Supply Chain Management from the University of Maryland, College Park. He is also a member of the Urban Land Institute and currently serves on the board of the Waterfront Partnership of Baltimore.

Patrick Bell

Investment Associate

MAG Partners

Patrick Bell is an Investment Associate responsible for development and financing at MAG Partners, a woman-owned, urban real estate company with decades of experience developing impactful, iconic and large-scale projects. He previously worked with Weller Development for four years, executing on acquisitions and development, and financing for residential, office, retail, hospitality and industrial assets.

Patrick has managed the development and underwriting of the first 1.5 million square feet in the $5 billion mixed-use Baltimore Peninsula development. At completion, this transformative project will include: up to 14 million square feet of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space.

Adam Baker

Moderator

Rosenberg Martin Greenberg

Adam D. Baker is a partner in the firm's Land Use and Zoning group with a focus on real estate transactions. Since 2006, Adam has represented developers, institutions, property owners and companies in a variety of transactional and administrative real estate matters. Adam advises clients on all aspects of land use and zoning issues, primarily in Baltimore, Howard and Anne Arundel Counties. His practice includes representation before government and regulatory organizations and counseling clients on issues related to the entitlement and permit processes, including use restrictions, off-street parking requirements, stormwater management, historic preservation, traffic mitigation, green building requirements and incentives, and inclusionary housing obligations, among others.

Adam also counsels developers and property owners in a variety of transactional matters, including leasing, development, construction, financing, land acquisition and disposition.

He is a LEED accredited professional of the U.S. Green Building Council and has spoken and written extensively on the topic of sustainable development.

What You'll Learn

  • What is in Baltimore's residential pipeline for 2023?

  • Affordable Housing Trust Fund: How is the city prioritizing affordable housing in developments?

  • How are investors and developers establishing partnerships to finance much-needed housing within Baltimore?

  • What are current tenant demands and how are developers staying within a reasonable budget to meet them? What trends are emerging pertaining to design, layouts, and development of new affordable and multifamily units?

  • Where are developers finding the most opportunity to deploy capital in today's market?

How You'll Do More Business:

From the latest multifamily projects to the continued demand for affordable housing, there is no slowing down Charm City. As more residents and business tenants move into the area, we are seeing a higher demand for residential communities, spurring construction and development within the multifamily sector.  With the latest demand, this doesn't distract Baltimore from its priorities. As one of the top 10 metro areas with the most affordable housing for black communities, the city is continuing to provide opportunities for vulnerable communities in their upcoming development pipeline. Join us as we discuss the newest projects, investments, trends, technology, affordable housing initiatives, and all things CRE in Baltimore. 

Projects, Activity, and Achievements -- 

McCormack Baron Salazar's Perkin Homes Redevelopment - building 2,172 mixed-income homes on more than 244 acres in East Baltimore

Workshop Development's former warehouse in South Baltimore will be demolished to make way for a 165-unit multifamily building with a unique design that will yield varying heights and outdoor spaces.

CLD Partners' The 305 W. Franklin - 84-unit apartment building that will consist of workforce housing.

East Baltimore Development Inc. on affordable and market-rate townhomes, single-family homes and two-unit townhomes to the north end of Eager Park, at East Biddle and North Wolfe streets, by the summer of 2024.

Colin Tarbert on the future of Harborplace - How this will shape Baltimore's economic development.

Who You’ll Meet: Baltimore's top multifamily owners, developers investors, brokers, construction, designers, architects, financial institutions and more!

For questions, recommendations, comments, press inquiries, or interest in sponsoring, please email our Mid-Atlantic Event Producer, Katie Telder, at katie.telder@bisnow.com. To request disability-related accommodations, please contact ally.araco@bisnow.com no later than seven business days prior to the event.

Venue

Four Seasons Hotel Baltimore
200 International Drive
Baltimore, Maryland, 21202

Ballroom: Grand Ballroom & Pre-Function / 2nd Floor


Valet- $30/vehicle
Self-Parking- $25/vehicle

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Agenda

Time Activity
1:00 PM
2:00 PM
Registration, Networking, and Breakfast
2:00 PM
2:45 PM
Impact of Baltimore's Affordable Housing Initiatives

How is the city prioritizing affordable housing to incentivize long-term growth for the region?

2:45 PM
2:55 PM
Networking Break
2:55 PM
3:40 PM
Baltimore's Multifamily Development & Opportunities

Learn how the city is strategizing for their 2023 residential development pipeline and how the latest opportunities are being utilized

3:40 PM
4:00 PM
Closing Networking

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