Judging by its volume of potential projects, Baltimore appears to be a market prime for redevelopment. In the coming years, a group of redevelopment deals should be underway that feature small to large residential components, typically via the construction of mixed-use buildings. Redevelopment projects spread throughout the city In the city's Little Italy neighborhood, an entire block comprising 19,000 square feet is being listed on an off-market basis. The block, which is located east of the city's CBD, has approved zoning for a nine-story multifamily development with ground floor retail. The site's zoning is also said to allow for minimum sized, market rate units of 750 square feet. This minimum drops down to 370 square feet if the units are part of a senior housing development. On Wednesday, Baltimore's spending panel was expected to approve a memorandum of understanding with the state for $700 million to tear down 4,000 vacant homes. This large scale tear down is par...
- Proposed redevelopments are spread throughout the city.
- Roughly 4,000 vacant homes could soon be torn down via a blight-elimination program.
- The Port Covington redevelopment should be the largest in the city moving forward.
Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York