A development team has been selected for a vacant 1.1-acre lot in Charles Village owned by the Johns Hopkins University.
Armada Hoffler, a real estate construction and management firm based in Virginia Beach, Va., will lead the development of a mixed-use complex on the site at the southwest corner of 33rd and St. Paul streets, according to a recent statement by the university. Johns Hopkins bought the land in 2009.
Beatty Development Group LLC and Skye Hospitality LLC, both based in Baltimore, will be working with Armada Hoffler on the project, the university said. Beatty’s principal, Michael Beatty, has previously worked with Armada Hoffler on several projects in Harbor East, including the Legg Mason building.
“The Armada Hoffler team was chosen by a committee of trustees and administrators from more than 27 proposals solicited by Johns Hopkins,” the university’s statement said.
Plans for the site will be determined in consultation with the surrounding neighborhoods, Baltimore officials and the Johns Hopkins community, the university said. Those consultations are expected to begin in the next few months.
A parking garage will be part of the plans for the parcel, which is limited to structures of 12 or fewer stories, according to the university. Residential, retail and hotel options are being considered for the site, the university said.
The development team will own the structures built on the land, but the land itself will continue to be owned by Johns Hopkins. The final terms of the deal need to be approved by the university’s board of trustees, the university said.
“The developer is responsible for overseeing design, soliciting community input, securing financing, obtaining public approvals and managing the property long term,” the statement said.
Have a real estate news tip or experience to share? Email me at email@example.com.Copyright © 2015, The Baltimore Sun