Baltimore’s development agency is seeking proposals to buy and develop several properties in the city’s Market Center neighborhood.
The Baltimore Development Corp. said it is requesting written proposals for two groups of city-owned properties on the west side of town.
The first is for sites at Liberty & Park (142-144 W. Fayette St. & 102-106 N. Liberty St.), while the second is for properties at Lexington & Park (114, 116 West Lexington St. and 207 Park Ave).
The requests for proposals are to redevelop the parcels to promote job and tax generation, create an adaptive reuse of the sites, and to fit within the context of the surrounding area, officials said.
Liberty Park is comprised of five parcels. The parcels are contiguous and bounded by West Fayette Street to the south, Park Avenue to the west, North Liberty Street to the east, and 111 Park Avenue to the north.
Lexington Park encompasses three parcels. The site is located at the intersection of West Lexington Street and Park Avenue and wraps the northeast corner of the intersection
Particulars for each offering is listed in the RFPs on BDC’s website at http://baltimoredevelopment.com/rfps/. Respondents must bid on the entire site offering.
The properties are in the Market Center Historic District, a National Register of Historic Places District, as well as the Five and Dime Historic District, a Baltimore City Commission for Historical and Architectural Preservation District.
Located within one of Baltimore’s Opportunity Zones and within an Enterprise Zone, the properties may be eligible for a variety of tax credits.
BDC officials say the surrounding area has received tens of millions of dollars of investment in recent years. The site is also near Lexington Market, which is undergoing a completed redevelopment scheduled to open in fall 2022.