Redevelopment in Hampden
A 139-year-old former cotton mill and two other buildings at Chestnut Avenue and Falls Road will soon morph into a complex of 92 apartments, office space and restaurants as part of a continuing push to convert Hampden’s historic past into chic redevelopments. The developer is David F. Tufaro, owner of Terra Nova Ventures LLC. The project’s price tag: $43 million.
First Mariner files complaint
First Mariner Bank says a letter sent by The Resolution Law Group P.C. of Greenwich, Conn. that claims the bank is facing litigation for fraudulent lending practices is patently false. It has filed a complaint that includes claims for false advertising, defamation, unfair competition and injurious falsehood. RLG said it had not seen the lawsuit and was unaware the bank planned legal action.
New cancer center rising
The University of Maryland School of Medicine broke ground on a $200 million, 110,000-square-foot cancer treatment facility that it says will be the first in the region to offer proton therapy. This treatment targets radiation to tumors more precisely and results in fewer side effects. The university says the center will double the capital investment in the university’s BioPark in West Baltimore to $400 million and add about 175 jobs.
Bay scores D+ grade for 2011
The University of Maryland Center for Environmental Science gave the Chesapeake Bay a D+ on its report card for 2011, saying heavy rains and a hot summer harmed its health. The grade was slightly better than in 2003, the worst year for bay health since the assessments began in 1986. Heavy spring and fall rains washed pollutants and sediments into the bay, and a hot, dry summer spurred algae blooms that lower oxygen levels.
BCCC nixes redevelopment
Negotiations with developer David Cordish to redevelop the Inner Harbor campus of the Baltimore City Community College have come to a halt because Cordish said his company declined to consider relocating the Holocaust Memorial at the site. The college’s Board of Trustees said they had canceled a request for proposals to redevelop the site at 600 E. Lombard St. and would instead “pursue other opportunities as the economy dictates.”
SXC Health buys Catalyst
SXC Health Solutions Corp. plans to buy Rockville-based Catalyst Health Solutions Inc., a fellow pharmacy benefits manager, in a deal worth more than $4 billion. Assuming shareholders approve the deal, the combined company will be headquartered in Lisle, Ill., where SXC is based, and will have an annual prescription volume of more than 200 million.
Solar power for BWI garage
Baltimore/Washington International Thurgood Marshall Airport now has a 505-kilowatt solar photovoltaic system on the top of level of the Daily Garage, a canopy system designed to produce more than 600,000 kilowatt hours of electricity each year. The power generation equipment ties directly to the airport’s electrical distribution system. The project was designed to reliably produce energy for more than 20 years. Pepco Energy Services is BWI’s partner in the project.
Airport taxi contract renewed
In other airport news, the company that has held the contract for the exclusive operation and management of taxicab concession services at BWI will keep doing so under a new five-year, $12 million agreement. BWI Taxi Management Inc., which has held the license for 15 years, beat four finalists, including Regency Cab Inc., to win the contract. BWI Taxi is required to keep a fleet of 324 taxicabs as part of the contract.