426 Mosher Street
The Upton neighborhood of Baltimore, known for its large, stately, historic homes, attracted local developer Daniel Midvidy of Meadow Property Management to the west side of the city. One of his first projects there, a vacant eyesore at 426 Mosher Street, was purchased at auction through One House At A Time. It is now an attractive rental that a local family calls home.
“It’s generally more economical to do a full gut job because you end up with a higher quality project and with lower maintenance costs,” explained the developer, who paid $6,000 for the property and has invested far more.
"It's really important to address housing, economics, and education because they are inextricably linked."
Baltimore Heritage, a local organization that celebrates historic architecture, recognized the successful project with a prestigious Heritage Preservation award. The project qualified for both local CHAP and federal historic tax credits, which added a “substantial level of scrutiny.” For example, the mortar color had to be red on the front of the building, wood floors were required to be laid front to back, and custom milled baseboard and door and window casings had to be installed.
The large home has six bedrooms, three and a half baths, and a full unfinished basement. Special features include acacia hardwood floors, an elaborately decorated staircase, hand-turned white oak stairs, and a lot of tastefully exposed brick. Local artisans created the stair treads, risers and balusters, baseboards, casings, and front transom bar.
Meadow Property Management is active in the local community, beyond its building projects. “I consider myself a mission-based, for-profit developer,” said Dan. “It’s really important to address housing, economics, and education because they are inextricably linked.” Dan serves on the Boards of the Historic Marble Hill Community Association, the Workforce Development Leadership Council, the Roots and Branches public charter school, and the Small Developers Collective.
You can expect more projects in Marble Hill from Meadow Property Management. “As a business owner, I work on multiple projects at a time,” said Dan. “Not one of them goes on a linear path, so you always have to be planning ahead, to be ready.” Meadow Property currently has a deep pipeline of residential units in production, most of which are currently designated as “vacant” by the Baltimore Housing department.
