New apartments are coming to downtown Baltimore and the Station North Arts and Entertainment District this year as the latest example of the city's growing multifamily market.

One reason Baltimore is flush with so many new multifamily developments is because developers are taking advantage of the city's residential tax credit, Ballard Spahr managing partner Jon Laria said. Baltimore is currently weighing whether to extend that credit for another 10 years.

"It's essential to maintain the momentum on market-rate residential," Laria said.

City leaders are also trying to make the city more friendly to alternative methods of transportation. Laria, who will also speak at Bisnow's State of the Market, is chairman of Baltimore's Bicycle Advisory Commission. The city launched a bike-share program last year and recently announced an expansion of the original plan, with a total of 465 bikes in 50 stations. The goal is to also create a network of bike lanes.

"The city has been trying to play catch over the last couple of years to have an alternate mode of transportation," Laria said.

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