Observatory Hill


Vibrant neighborhoods don’t just happen. They’re the result of years of hard work and effort. Investing time and money is an important part of strengthening our stellar neighborhood.

Join OHI today!

Learn More

Summer 2017 Newsletter
Learn More

Business District: Five Points Project

Observatory Hill is in the midst of a major redevelopment effort. Our sister company, Observatory Hill Development Corporation, acquired the former Mr. Bill’s bar and restaurant (3917-3921 Perrysville Avenue) and the two store fronts next to it - a building that has been abandoned for over twenty years (3923 - 3925 Perrysville Avenue). This $1.7 million revitalization project includes four commercial spaces and six apartments.

We are happy to announce three of the four spaces have been leased out and we welcome our new tenants:

  • Ida’s Sandwich Shop:  3921 Perrysville Avenue
  • Neighborhood Community Development Fund: 3923 Perrysville Ave
  • The Northside Chronicle:  3925 Perrysville Avenue
  • Still available for lease: 3917 Perrysville Avenue

Thanks to the Urban Redevelopment Authority, we have received Housing Opportunity Funds from the Rental Gap program to create six affordable apartments - one and two bedrooms - to rent between $428 and $855 per month.