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Maryland Business – Court hearing on 25th Street Station postponed

A hearing on motions stemming from contentious legal wrangling over the future of a planned Walmart-anchored development in Remington has been postponed until July 31.

25th Street Station

The 25th Street Station site. (File photo)

The hearing was originally scheduled for Monday in Baltimore City Circuit Court, said Arnold M. Weiner, attorney for the defendant, Rick Walker.

Walker’s company, WV Baltimore-24/Sisson LLC, is seeking to develop 25th Street Station, a $65 million mixed-use development that will include retail and apartments.

But the owner of the property, Bruce Mortimer, who once endorsed the plan, filed a breach of contract suit in March, claiming that Walker had failed to make payments for the property.

In May, Mortimer said he had entered into a new development agreement with Seawall Development Co., pending the outcome of the lawsuit for the redevelopment.

That set off a round of finger pointing between both sides as the court case heated up.

Mortimer and Seawall Development officials said they planned to host several meetings with Remington community members to discuss the future of the project and prospective tenants.

The planned 93,783-square-foot Walmart was still a potential tenant, Mortimer said in May. A Lowe’s home improvement store pulled out of the planned project in the fall of 2011, citing a nationwide chain restructuring.

For more real estate and development news, visit the Maryland Business blog.