MacKenzie Management Company Secures Assignment for The Belvedere in Mt. Vernon
Delivered in 1903 as a full-service hotel and special events facility, asset pivoted to predominantly residential condominium unit configuration in 1991, supported by commercial office and retail space
MacKenzie Management Company, LLC has secured an assignment to provide full-service property management services for The Belvedere, the iconic 14-story multi-use building delivered in 1903 and situated in the Mt. Vernon district of Baltimore City. Originally configured as a luxury hotel and special events facility, the asset pivoted in 1991 to a multi-use condominium building containing commercial office and retail space, as well as 112 residential units. The Belvedere is a Beaux Arts-style building designed by the Boston-based architectural firm Parker and Thomas.
Originally named Hotel Belvedere and located at the intersection of Chase and North Charles Street, the asset was the hotel of choice for an eclectic and diverse array of visitors to Baltimore City ranging from sitting United States presidents, members of foreign royalty, sports and entertainment figures and the rich and famous. This list included Clark Gable, Ty Cobb, Roy Rogers, Groucho Marx, The Duke and Duchess of Windsor and John F. Kennedy. Built for $1.7 million, Hotel Belvedere was originally owned by four families including Alexander Brown, a name synonymous with the city.
The residential units are contained on floors three though ten, with fourteen units on each level, the retail spaces are occupied by physicians, accountants, artists and other uses and the Owl Bar remains the on-site restaurant amenity. During the weekends, The Belvedere is typically active with special events including weddings.
“The Belvedere is an extremely high-profile asset and widely regarded as among the crown jewels of Baltimore City, and our team intends to execute a diligent and meticulous property management strategy that specifically addresses each of its different uses and offerings,” stated Brendan Gill, President of MacKenzie Management Company. “Our overall mission, as with any property management assignment we handle, is to install and maintain proven protocols that derive maximum operational efficiencies for the asset.”
MacKenzie Management Company is the property management division of The MacKenzie Companies, LLC, a Lutherville, Maryland-based commercial real estate services group. Since 1968, the firm has provided best-in-class tenant and landlord advisory, investment, development, general construction, property and asset management, debt and equity placement, and location intelligence services for institutional owners, investors, private companies and individuals. Additional full-service divisions addressing all real estate asset classes include MacKenzie Capital, MacKenzie Commercial Real Estate Services, MacKenzie Contracting Company, MacKenzie Investment Group, and Datastory Consulting. For additional information, visit www.mackenziecommercial.com
