East Baltimore Mixed-Use Project Takes Another Step Forward
- Jun 22, 2015
By Adrian Maties, Associate Editor
A long-vacant industrial property in East Baltimore is getting a new chance at life.
Local developer MCB Real Estate plans to turn the former Pemco Corp. site at 5610 Eastern Ave., opposite Johns Hopkins Bayview Medical Center, into a major mixed-use development. The project is expected to cost between $80 and $100 million and, according to The Baltimore Business Journal, it has taken an important step forward.
On Monday, June 15, the Baltimore City Council has unanimously approved MCB’s plans for the 20-acre site. The rezoning represents another important win for the project. Last October the city’s Urban Design and Architecture Review Panel also approved the designs for the mixed-use development. However, before construction can start, MCB has to get another approval from the the Maryland Department of the Environment and the Environmental Protection Agency. Al Barry, a consultant for MCB, told the Baltimore Business Journal that he expects to receive this final approval by fall. If this happens, demolition on the site could start by the end of the year.
MCB is considering two options for the 20-acre site. One would bring a variety of retailers, with a major grocer as the anchor tenant, as well as apartments and a hotel. The second option also includes a mixed-use development, but with more residential units instead of the major retail anchor. MCB will make a decision in the next four or five months, as it waits for the approval of its environmental plans.
Photo credit: MCB Real Estate