Provident Bank building price tag was $4.76M

The development team that is planning to convert the former Provident Bank building in downtown Baltimore into a 104-unit apartment building negotiated a nearly half-million dollar discount on the building.

Baybridge Lexington LLC of Gaithersburg acquired the building at 114 E. Lexington St. for $4.76 million, according to CoStar Group Inc. The asking price had been $5.25 million.

The Business Journal last month reported Elkridge-based Hamel Builders and Bay Bridge Properties acquired $18.3 million…