An Inner-City Development Visionary
"In Kansas City and more than a dozen other cities that will soon include Baltimore, the St. Louis developer has been drawn to gritty urban landscapes to build housing for a mix of incomes, a notion the company helped pioneer. Often, the schools are struggling; residents live in outdated and deteriorating public housing, and jobs are hard to come by.
In Baltimore, McCormack Baron will develop the housing portion of an $800 million project to reshape a section of midtown bordered by Martin Luther King Jr. Boulevard, Howard and Dolphin streets and Madison Avenue."
"In developing close to 13,000 units of mixed-income housing over three decades, McCormack Baron has built a reputation for pulling together complex financing deals; lobbying and winning support from government, private foundations and corporations; and gaining the trust and involvement of communities.
The developer sticks with projects for the long term, say those who have worked with the company, as its nonprofit affiliate, Urban Strategies, works on starting or enhancing programs in schools and the arts."