Elm Street Development is planning a new 300-unit apartment and condo development along the waterfront in Fells Point.
The property at 2001 Aliceanna St. is currently the site of a two-story warehouse, leased by the National Aquarium, and a large parking lot. The Virginia-based firm hopes to break ground on the residential project next fall, once the aquarium moves out of the warehouse to a new building it is erecting in Jonestown.
“We’re very excited about the location,” said Jim Mobley, a vice president with Elm Street. “It will have great water views, as well as back toward downtown.”
The firm plans to convert the two-story warehouse into a parking garage and demolish a single-story part of the warehouse. A five-story apartment building with about 275 market-rate units would be built next to and on top of the garage.
In the parking lot, Elm Street wants to build 25 townhouse-style condos.
Mobley said the project is in early planning stages and the number of units and building height could change.
On Dec. 12, Elm Street will have its first hearing before the city’s Commission for Historical and Architectural Preservation to discuss the height and size of the project, which is located in the Fells Point Historic District.
Mobley said the firm is planning a contemporary-style building that will appeal to young professionals.
“Something that melds well with the neighborhood, that’s what we’re after,” he said.
Elm Street’s plans also call for improvements to Lancaster Street, which runs parallel to Aliceanna, behind the warehouse and dead-ends at the waterfront.
A loading-dock door currently blocks the waterfront view and the firm wants to remove it to create a promenade that leads to the water, Mobley said.