Owner
Housing Authority of
Baltimore City
Construction Cost
$85,000,000
Warner
Project Management
The Terraces
Terraces was the second HOPE VI project that Warner managed on behalf of The Housing Authority of Baltimore City. Managing this exceptionally complex program required coordinating diverse political, private and special interest program within an evolving regulatory environment. They encompassed federal, state, city and private entities in a competitive marketplace. Valued at over $85,000,000, it included the demolition of existing high-rise public housing and the design and construction of 203 new rental townhouses, 100 fee simple townhouses, 88 elderly apartments, a community center with day care, and a business center containing major retail and business space. The project contained more than 540,000 square feet of new construction. It required the management and coordination of 12 different financing sources, each with its own regulatory requirements. In addition there were seven different ownership structures and nine separate contiguous and simultaneous construction contracts. The overarching development agreement for the project, the individual ownership structures and the contracts for construction contained numerous identity-of-interest conflicts that required careful monitoring and documentation so that the entire project would be able to pass the rigors of a HUD audit at the end of the project.