CityWide Properties was established in 2001 by Steven Verstandig, who obtained his real estate license at the age of eighteen. While attending Towson University in Towson, MD, he began purchasing properties in transitional areas. The first property was located in Hampden, a subdivision of Baltimore City. Steven purchased 25 total properties in this area from 2001 to 2005, while attaining his degree in Law and American Civilization. At this time, Steven began to expand his portfolio from buying single family homes in Baltimore City to purchasing mixed-use buildings and apartment complexes. His focus spread from Hampden to surrounding areas in Baltimore.
In 2005, Citywide Properties also expanded its rapidly growing business into managing and leasing shopping centers in Maryland. The first center the company managed was Club Centre in Pikesville, Maryland. When Steven Verstandig took on this challenge, the shopping center had sixteen vacancies. Within weeks, the young entrepreneur leased the vacant spaces and today, the once distressed center is now fully leased and is the most vibrant center in Pikesville. Steven Verstandig found his niche with leasing. Currently, Citywide Properties manages and leases centers in Maryland, Delaware, Virginia, West Virginia, Florida and Ohio.
steven verstandig: President of citywide properties
Another focus of CityWide Properties is renovating and leasing historic mixed-use and commercial properties. Steven’s talent to “think-outside-the-box” and seek out the perfect tenant has played a pivotal role in his success to revitalize historic buildings. He is great at maintaining a property’s historic integrity and integrating it with modern amenities. One of the recent purchases include Tower Plaza in White Plain, MD. A 70% leased center that we plan on redeveloping. This marks the companies first purchase in White Plain. Another recent purchase is a strip center on Liberty Road. The center will be completely remodeled and several new tenants will be added.
Another recent purchase is Crossroads Station in Fallston. The center will be remodeled and Snap Fitness will be opening in the beginning of 2019.
The company recently purchased 6065, 7802, 7804, 7810, 7812. 7814, 8203, and 8116 Harford Road. The properties have been totally renovated and new tenants include a bakery, BBQ Restaurant, boutique, flooring company, doctor’s offices, and a Wine & Canvas.
CityWide Properties is working to revitalize the Parkville community and help transform the area. The company has also purchased several new properties on the Belair road corridor at 6801 Belair Road, 7718 Belair Road and 6711-6719 Belair Road. All the properties have undergone major renovations and include several new tenants including State Farm and Metro PCS.
Citywide Properties purchased Kings Point Plaza in Randallstown, Md for 7.75 million. Dollar tree will soon become a new tenant at the plaza, and the center will undergo over a million dollars in renovations.
CityWide Properties continues to purchase and manage mixed-use buildings and shopping centers in Maryland, Florida and Ohio and focuses on restoring properties in up and coming areas. The company is a driving force in the rebirth of Baltimore City, and Steven Verstandig plans to use his expertise to develop major retail hubs across the country. Today, the company owns more than 100 properties and manages and leases 2.5 million square feet of retail space.