The soft launch marks the unveiling of a renovated space called the South Market, a $45 million redevelopment project that has been in the making for four years.
The deal with CFG Bank, a commercial bank currently headquartered near Lake Roland, encompasses about 20% of the roughly 500,000 square feet of office space included in the project’s initial phase
The facility’s East Market was closing for good Saturday, and the project’s developer said it’s in the final stretch before a new, adjacent facility opens officially to the public this fall.
The economic and social costs of the city’s vacant housing crisis “far exceed the investment needed to bring them back to productive use,” the report argues.
The planned destruction will remove the last remaining structures at the defunct Charles P. Crane Generating Station, and comes as Baltimore County planners are weighing a request by property owner Forsite Development Inc. to extend public water lines to the property.
It’s a delay that advocates for Baltimore nonprofits say can hobble organizations, especially those with shoestring staffs, who rely on the federal grant funding to meet basic needs such as paying employees and providing them with health care benefits.
While Baltimore ranks in the bottom half of large municipalities in both the amount of stimulus money obligated and spent, according to a city analysis, it outpaces a group of "peer" cities.
A circuit court judge in Baltimore County has given the green light to a controversial project in East Towson, overruling a 2021 vote by the Baltimore County Board of Appeals blocking the affordable housing development.