The 2.3-acre site could accommodate a one-million-sf mixed-useproject. Part of the site holds the Baltimore Holocaust Memorialand the RFP the city has issued includes requirements that thememorial either be incorporated or enhanced into the project.
Because the requirements for the project are broad, it isimpossible to size the project right now, but Gavin Bloch, vicepresident with Jones Lang LaSalle's Baltimore office tellsGlobeSt.com it could be anywhere from $350 million at the lower endto $750 million, if the winning developer opts to build a high riseon the site. "There is very broad zoning at that location, whichallows for most commercial uses." Residential, office, retail andentertainment--or all four--are likely possibilities, he says.
A preproposal conference will be held July 31 on the campus.Responses to the RFP are due Sept. 26, 2008.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
