David Tufaro’s Whitehall Mill Mixed-Use Project to Break Ground Early Next Year
- Dec 08, 2014
A new mixed-use project is coming to Baltimore. David Tufaro and his company, Terra Nova Ventures, plan to break ground early next year on a retail, office and apartment complex on Clipper Mill Road. It will be known as Whitehall Mill.
The Baltimore Business Journal reported that David Tufaro has acquired the 3300 Clipper Mill Road building and that he has also closed on the construction financing for the project. The previous owner, Komar Co., used the site, which once housed a textile mill, for storage.
David Tufaro plans to start work on the project early next year. Whitehall Mill will include 28 apartments, 22,000 square feet of second-floor office space and a 6,000-square-foot restaurant. The total cost of the project is $22 million, and it includes the $2.4 million purchase price for the land. It is being financed with the help of both state and federal historic tax credits.
Plans also call for the construction of an 18,000-square-foot marketplace, similar to Belvedere Square. The marketplace will have between nine and 12 vendors. Tufaro told the Baltimore Business Journal that he has hired Williams Jackson Ewing to find “the right mix of vendors and tenants who will work off each other successfully” and “create the right income stream.” The market is scheduled to open in spring 2015.
Bank of America will provide financing for the project. Whiting-Turner will serve as general contractor, with Alexander Design as architect. David Tufaro did not announce when he expects to finish the project.