Thames Point Assoc. v. Supervisor of Assessments of Baltimore City

ROBERT M. BELL, Judge.

Thames Point Associates, appellant, pursuant to a condominium regime dated June 30, 1981, rebuilt the old National Can Company warehouse and factory into a 33 unit building. Thirty-two of the units were residential and the last, located on the first floor, was commercial. The residential units were intended to be, and, therefore, were marketed as, condominiums for sale. Such was the intention and marketing strategy pursued by appellant on January 1, 1982, the date of finality, 1 when the improvements were assessed for tax purposes.

As of January 1, 1982, all of the old…