For the second time in six months, developers of the $150 million Lexington Square project planned for downtown Baltimore's west side have asked for more time to solidify their plans for the endeavor. The group's exclusive negotiating period to buy city-owned land bounded roughly by Lexington, Howard and Fayette streets and Park Avenue will expire on June 30 if it is not extended.
M.J. "Jay" Brodie, president of the Baltimore Development Corp., said the developers have requested a six-month extension of a 2005 land sale agreement, to Dec. 31, 2011. He said his agency had recommended the extension be granted because the team has made "significant progress" over the past half year in obtaining design approvals needed to land tenants.
The request for an extension will be considered on June 29 by Baltimore's Board of Estimates, the city's spending board. The Board of Estimates approved a previous six-month extension of the land sale agreement in December 2010.
The mixed-use project is being designed to contain apartments, stores, offices, a hotel, parking and a commemoration of the 1955 civil rights sit-in at the former Read's drugstore on the property.