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City development agency declines to identify its choice to remake three city-owned buildings

The Baltimore Development Corp. voted in closed session to recommend a development project for three buildings on Gay Street in downtown Baltimore.
The Baltimore Development Corp. voted in closed session to recommend a development project for three buildings on Gay Street in downtown Baltimore. (Google Street View)

Baltimore's development agency declined Thursday to publicly disclose which developer it is recommending to remake three city-owned buildings on Gay Street downtown

The board of the Baltimore Development Corp. voted in closed session to select one project for the city to pursue from among six proposals submitted by developers in response to a request for proposals issued last year. A similar request in 2015 yielded only one bid for the property near Power Plant Live that the BDC rejected.

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The proposals for the buildings and a neighboring parking lot included a hotel, shops, apartments, offices or some combination.

The proposals included:

  • a new 120-room extended stay hotel by Tradewinds Realty Partners LLC with ground-level retail shops;
  • 50 one- and two-bedroom apartments and street-level shops by Tower Hill Development LLC and Harrison Development LLC;
  • 58 residential apartments, including 39 subsidized units, by Poverni Sheikh Group and Empire Homes of Maryland Inc.;
  • 58 studio and one-bedroom apartments, and ground-floor retail by Kiran Patel;
  • 67 residential units, including reduced-rent units for municipal employees, and ground-level retail by Landmark Restoration Partners;
  • three rental apartments and four condos plus retail space by AED Development LLC.

The project recommended by the BDC now goes to the mayor for review. If approved by the mayor, the BDC and developer would negotiate a deal to develop the buildings. That deal would then go to the city's Board of Estimates for approval, at which point the choice will become public.

The BDC entered closed session to consider the private financial details of the various proposals.

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