Towson developer buying Village of Cross Keys in Baltimore for $27 million, plans upgrades amid coronavirus

A Towson-based developer plans to complete on Tuesday its $27 million purchase of the troubled Village of Cross Keys, salvaging a deal that nearly crumbled in the months after the pandemic arrived in Maryland. Caves Valley Partners planned to purchase the North Baltimore mixed-used center from Ashkenazy Acquisition Corp., a New York real estate firm that also owns downtown Baltimore’s Harborplace, which was placed in court-ordered receivership more than a year ago. Under the Cross Keys deal, Caves Valley will assume $20 million in debt. (Balt Sun)

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