City Sells Hoen Building at One-third of its Appraised Value

5/1/17

By Mark Reutter, BaltimoreBrew

The long-vacant site of the famous Baltimore lithography firm, A. Hoen & Co., has been sold for $200,000 to a development group led by C. William “Bill” Struever, while a $500,000 grant was simultaneously awarded to Struever’s non-profit partner in the venture.

Both transactions – the sale of the property to 2101 East Biddle LLC and the $500,000 grant to Strong City Baltimore – were approved on Wednesday without comment by Mayor Catherine Pugh and other members of the Board of Estimates.

But before the hearing – at the board’s pre-meeting that is closed to the public but open to the press – City Council President Bernard C. “Jack” Young questioned the awards.

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