Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BALTIMORE-Construction of Broadway Overlook, a $51-million, 166-unit mixed-income housing project named for its spectacular views of the Baltimore Skyline, gets under way with a recent groundbreaking ceremony. Local developer Landex Corp. is heading up construction of the public housing complex, which is being partially funded by a federal Housing and Urban Development Hope VI grant of $2.3 million for demolition and an additional $21.3 million for revitalization.

The multi-structure residential development will sprout up on Broadway and Fayette streets in place of the 30-year-old Broadway Homes complex that was demolished two years ago down the road at Broadway and Orleans streets. The location of the new complex will sit on land formerly owned by neighboring Johns Hopkins University. Baltimore traded the old housing project parcel for the Johns Hopkins land, known as the old Church Home Hospital site. Hopkins will eventually erect office and parking space on its space.

Upon completion, Broadway Overlook will offer 34 homes for sale and 132 rental townhomes, 42 of which will be reserved for low-income residents. An additional 42 rental units will be designated for moderate-income renters and the remaining 48 units will be rented out at market rates for middle-income dwellers. “It’s in keeping with the Hope VI idea of renovating blighted high-rise housing and replacing them with garden-style and townhouse buildings that have all the social amenities like green space and playing areas,” Housing Authority of Baltimore City Office of Communications deputy director John Milton Wesley tells GlobeSt.com. “There will also be job assistance on-site and in the surrounding neighborhood.”

Project participants include the Maryland Department of Housing and Community Development, Fannie Mae, and Sun Trust Bank. The Maryland Community Development Administration issued $8.1 million in bonds to help fund the project. “This bold development will break the mold of traditional mixed-income communities,” Baltimore mayor Martin O’Malley says in a statement at the groundbreaking. “We are setting a high standard where the size of the development, its central location, the dominance of new construction, decreased density and increased green space will create positive change.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.