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The developer of 414 Light St. secured a $107.28 million  loan to build the 44-story apartment tower.   (The Daily Record / Maximilian Franz)
The developer of 414 Light St. secured a $107.28 million loan to build the 44-story apartment tower. (The Daily Record / Maximilian Franz)

Multifamily sites present ‘scarcity of opportunity’

The number of multifamily projects entering the pipeline may not be slowing, but the amount of attractive spaces for new construction in the Baltimore area could become constrained. Developers looking to build new apartments are generally seeking space around the harbor that can accommodate fairly lower density “stick built” buildings that can pull in rents of ...