Penn Station Partners Enters Into Partnership With Baltimore Based Development Firm Ernst Valery

3 years ago 346

BALTIMORE (WJZ) — Penn Station Partners announced Tuesday it has entered into a improvement concern with Baltimore-based developer Ernst Valery.

Penn Station Partners said Ernst Valery “specializes successful the concern and improvement of underserved municipality communities successful emerging existent property markets, promoting equity and inclusion.”

The concern volition beryllium focused connected spot redevelopment adjacent to Penn Station erstwhile the existent redevelopment task is underway astatine the bid station.

“Penn Station Partners remains steadfastly committed to realizing the afloat imaginable of this presumption arsenic a existent anchor for the maturation of the section assemblage and the City of Baltimore,” said Bill Struever, CEO of Cross Street Partners. “Ernst is simply a trusted subordinate of the assemblage who brings with him a wealthiness of acquisition and resources that volition assistance america to transportation retired the aboriginal improvement astir Penn Station successful a mode that promotes equity and inclusion and creates existent economical accidental done occupation creation, workforce training, transit access, and more.”

Penn Station Partners is led by Beatty Development Group and Cross Street Partners, 2 Baltimore-based existent property improvement firms. The radical said it aims to “realize worth for Amtrak portion strengthening the originative bosom of the City.”

“I look guardant to moving with Penn Station Partners connected this breathtaking accidental for Baltimore and each its people,” said Valery. “Ensuring the aboriginal divers and equitable improvement astir Penn Station is critically important to realizing our shared imaginativeness of a existent mixed-use destination and inclusive community.”

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