Baltimore Development Corp. seeks developer for parking lots near Lexington Market

The Baltimore Development Corp. is seeking developers for two city-owned parking lots in the downtown after a previous deal to build an apartment and retail complex on the site fell through.

The surface parking lots at 410 and 422 W. Mulberry St., divided by a public alley, could be developed together or separately.

The lot at 410 W. Mulberry, which also faces North Eutaw Street, is 12,588 square feet; the lot at 422 W. Mulberry is 6,972 square feet.

In 2014, the BDC accepted a bid from GMP Development Enterprises to build 63 apartments, 7,150 square feet of ground-floor retail and 30 parking spaces on the site.

The city terminated the agreement this year because the developer had been unable to meet the guidelines of the land disposition agreement, said Susan Yum, a spokeswoman for the BDC.

GMP Development is led by Amsale Geletu, president of PMS Parking Inc., which operates a parking lot on one of the sites. Geletu could not be reached for comment late Wednesday.

The properties are within the Market Center Urban Renewal Plan area and could be eligible for several tax credits, including the Enterprise Zone and Citywide High Performance Market Rate Rental Housing tax credits.

Proposals are due to the BDC by noon Oct. 27.

sarah.gantz@baltsun.com

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