By Melody Simmons
November 30, 2020
The Baltimore Development Corp. selected a large-scale mixed-use project called The Compass for the long-ignored block off Howard Street near Fayette and Lexington streets, awarding two requests for proposals this month to Westside Partners LLC.
The joint venture is led by Landmark Partners and Vitruvius Co. Pittsburgh-based Partnered and the local Mayson-Dixon Cos. are also minority partners in the venture.
The group’s $4.5 million acquisition of the site is scheduled to be considered as a land disposition agreement by the city’s Board of Estimates. The cost is higher than the appraised value of the land set at $3.96 million, the board’s agenda says.
The push to rejuvenate the blighted portion of the city once a vibrant shopping district has had high-profile fits and starts for more than 16 years.
The Super Block has remained vacant and an eyesore as much of the other blocks nearby have been scooped up by other development teams for renewals that continue today.
The BDC issued the two RFPs for the site in March 2019. That quest drew six responses, and the quasi-public city agency recently chose plans by Westside Partners, which is made up of two real estate firms that already have a history of working on projects in the area.
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Source: Baltimore Business Journal