Seawall Development, a local Baltimore developer with a track record of successful city projects going back over a decade, have purchased two additional buildings in Remington. These 2 new sites will join the completed Remington Row and R House Food Hall projects in the Seawall Development portfolio.
Purchase prices for the two sites totaled $2.73 million. Building 1 is a 21,615 sq. ft. brick office building at the corner of Sisson and 28th Streets at the 28th Street Bridge. Building 2 is the 7,100 sq. ft. Walpert Building (shown above) at 2804 Hampden Avenue.
“The press refers to Remington as a long-ignored community,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company, a DC-based real estate brokerage that has opened in nearby Hampden, “Visionary developers like Seawall take the same philosophy as us – these ‘ignored communities’ represent huge acquisition and long-term business opportunities for developers and investors.”