Baltimore Development 8

StevenW · November 8th, 2005, 09:46 PM

And away we go.......

PeterSmith · November 8th, 2005, 10:17 PM

Didn't even think we were close to 500 posts in #7 yet. Oh well. I'll repost my last comment on 7 to get things going here.

------

I think Canton Crossing will look better once the other structures are built. Think about any other highrise if it were in an area of noother highrises. It'll always stand out like a sore thumb. if Canton Crossing were in downtown, it might not look as bad. It could have been better though. Looks kind of suburban. Hopefully the other towers will vary in design and compliment one another with a lot of diversty.

Also, I noticed today that there are cranes up at the Village Lofts across the street from the new JHU dorms on St. Paul St. I also saw a crane at one of the highrise condos on Charles St. in Guiford (I think that area is Guilford). Anyone know what that is about?

StevenW · November 8th, 2005, 10:25 PM

The Cordish site.

fluffyhorse · November 8th, 2005, 11:17 PM

This is a repost since I was wondering about Albemarble Square and Jonestown development.

I found this on baltimorehousing.com

Overview: The U.S. Department of Housing and Community Development awarded the first HOPE VI grant to the Housing Authority of Baltimore City in May 1994. $31 million in HOPE VI funds, coupled with Partnership Rental Housing Program dollars provided by the State of Maryland, funded the construction of 201 public housing rental townhomes, a public housing senior mid-rise building with 110 units, and the construction of 27 for-sale fee simple townhomes. A recreation center, day care building, and community building are also located on-site.
Neighborhood: Jonestown

Completion Date: January 1998

Owner: Housing Authority of Baltimore City

Developer: A&R/Harkins Joint Venture

Architect: TortiGallas

Builder: Harkins Builders

Total Project Investment: $72 million
Public: $72 million
$31 million HOPE VI (Federal)
$18.5 million Comprehensive Grant Program (Federal)
$7.2 million Section 108 (Federal)
$15 million Partnership Rental
Housing Program (State)

Site Size: 21.5 acres

Units Demolished: 816

Total New Residential Units: 338
Public Housing: 311 units
(includes 110 units elderly housing)
Market Rate Homeownership: 27 units

Other Uses:
26,100 square foot recreation center
16,471 square foot day care building
16,400 square foot community building

I also found that Beazer Homes is currently selling townhomes in Albemarble Square for over $300,000
http://www.beazer.com/findHome/hous...ommunityid=1788

I dont know when the Flaghouse Courts Highrise public housing was demolished, but is the current project turning a previous public housing project into rentals and market rate housing?
I cant imagine more public housing in an area that is ripe for redevelopment, with rising land values and a close proximity to Little Italy. Is it a plan to reduce the amount of public housing to only 33%, instead of the higher figure in the 1998 construction?

StevenW · November 9th, 2005, 12:25 AM

so MANY things going on in Baltimore!

Expat · November 9th, 2005, 01:10 AM

^Yeah, there is a lot going on. You guys never run out of things to talk about

StevenW · November 9th, 2005, 01:24 AM

yeah, and this month should be pretty special. the 414 light street proposal should be announced officially. hopefully we'll get a new tallest out of this one.

PeterSmith · November 9th, 2005, 01:34 AM

Quote:

Originally Posted by StevenW

so MANY things going on in Baltimore!

There's a lot going on for sure, but we're all waiting for that St. Regis announcement. One week left...

There are currently St. Regis Residential projects under development in New York, San Francisco, Aspen, Ft.Lauderdale, Anguilla and Singapore. And a hotel project under development in Mexico City. There might be others as well, but given how most of these look, we should be pretty excited.

Singapore

San Francisco

Fort Lauderdale

A few others can be seen here at www.stregisresidences.com

robert parsons · November 9th, 2005, 06:17 AM

i think that cordish is very excited that he is finnally going to get his tall tower built. for a couple of years he was trying to get a office and hotel built where the bccc old biulding was and lost that battle. i just pray this project goes through!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

StevenW · November 9th, 2005, 10:46 AM

Ditto!

New sign of end to boom in housing
Homebuilder Toll cuts sales forecast for 2006, but Md. outlook is good
By June Arney and Lorraine Mirabella
Sun reporters
Originally published November 9, 2005

Toll Brothers Inc., a national homebuilder with a substantial presence in Maryland, cut its sales estimate yesterday for the coming fiscal year, noting softening of the market, construction backlogs and an expectation of more-moderate home price increases.

It was the latest sign that the housing boom has passed its peak, although experts at two regional forums yesterday said Maryland is better protected from a cooling-off than other areas because of its tight housing supply and the expected arrival of tens of thousands of new defense jobs.

"It's a slowdown, but there's cautious optimism for this market," John Kortecamp, executive vice president of the Home Builders Association of Maryland, said in an interview at his group's annual construction forecast conference.

"With wages growing at such a modest but consistent rate and housing prices growing at a record pace for the past four years - over 20 percent a year - that's not sustainable. Something has to give, and it's given. We've hit it."

Toll Brothers, a Fortune 500 company that conducts about one-third of its activity in the Mid-Atlantic region, reported record quarterly revenue yesterday but dropped its expected deliveries of new homes for next year by 400 to 700 homes.

Toll's stock fell $5.50, or nearly 14 percent, to $33.91 yesterday, and an index of 16 builders compiled by Standard & Poor's tumbled 7.5 percent, the steepest decline since September 2001.

Nationally, sales of new and previously owned homes are expected to fall 5 percent to 10 percent next year, said David Berson, chief economist at Fannie Mae, who spoke at the homebuilders event.

Maryland's strong defense and biotechnology industries, coupled with the anticipated job growth from the realignment and closure of military bases elsewhere, are expected to help insulate the state, he said.

Prices of commercial real estate properties are expected to peak next year, and investors are bracing for acceptable but lower returns on their investments, according to a 2006 forecast by the Urban Land Institute and Pricewaterhousecoopers. The report was the subject of a meeting of institute commercial real estate members in Baltimore yesterday.

"We expect to ratchet down on returns," Peter Korpacz, who is in real estate business advisory services for PricewaterhouseCoopers, told the meeting. "There is a bias toward selling."

Investors surveyed by PricewaterhouseCoopers expressed concern that high energy costs might boost expenses for landlords and cut into consumer spending and travel, hurting the retail and hotel-motel industries.

The good news, Korpacz said, is that investment in commercial properties will remain strong in the coming year.

"There just is a lot of money out there, and it will act as a backstop if some capital pulls away," Korpacz said.

Investors are predicting more revenue growth from upscale hotels than in any other category of property, the forecast said. Real estate investment trusts and private funds are likely to continue to be strong buyers, while pension funds will continue to favor selling.

Economist Anirban Basu, chairman and chief executive officer of Sage Policy Group Inc., also reported good news for Maryland in the residential real estate market, titling his talk: "The Beginning of the End? Not Necessarily in Maryland."

Basu highlighted Hagerstown as one of the hottest housing markets in the country. Hagerstown reported an increase in appreciation approaching 30 percent - double the national average - from the second quarter of 2004 to the corresponding period this year.

Washington reported 26.2 percent appreciation for that time period, and Baltimore reported 17.5 percent.

Basu is more optimistic than some experts about real estate's continuing popularity as an investment.

"Even as interest rates start to rise, real estate might not fall out of favor as much as you might think," he said. "I don't think people will lose interest in real estate that quickly. It's a tangible asset."

Despite the recent increases in inventory, the number of houses on the market in the Baltimore region remains low, Basu said. And, given restrictions on building, the permits that builders do obtain are going to be used for higher-end housing, creating a significant gap in the type of housing available, he said.

"What isn't going to be served is the middle market," he said. Housing costing just under $200,000 to $250,000 "is what isn't served. This has the potential to really limit our economic potential going forward."

wada_guy · November 9th, 2005, 12:16 PM

Hey everyone,

The weather was so nice this past Satruday, so I spent the entire day walking around and taking photographs. I'm very pleased with the results and I posted 2 pages of photos on my web site. They are from Mt. Vernon (where I started and ended), the old retail district, downtown, IH East, and Fort McHenry. My feet still hurt! Feel free to take a look.

The links to the pages are below. Enjoy!

http://www.baltimoreguy.com/5%20Phot...202005%201.htm

http://www.baltimoreguy.com/5%20Phot...202005%202.htm

wada_guy · November 9th, 2005, 12:40 PM

Quote:

Originally Posted by robert parsons

i think that cordish is very excited that he is finnally going to get his tall tower built. for a couple of years he was trying to get a office and hotel built where the bccc old biulding was and lost that battle. i just pray this project goes through!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I gotta say, when I selected my unit at 414 Water Street I picked a northern facing unit because I wanted my view preserved! Thanks to this web site, I knew that the lot next to the Gallery on Pratt Street is going to be built on sooner or later. I also knew that there is a 2nd phase of Lockwood Place coming down the road and it will further block the all the southern views.

I figured I was safe looking north because City Hall and the Courthouses would never be torn down and the main police station has a chopper pad on the roof! I guess I was wrong!

This Cordish proposal will block about 10% of my view to the East from my unit on the 29th floor. But I'm 100% in favor of it because I believe it will be a quality development and will do much more to help the neighborhood than hurt it. I just wish they would start 414 Water Street. They told me they were to begin construction on 11/1 but as of Saturday 11/5, nothing has happened!

PeterSmith · November 9th, 2005, 04:07 PM

Quote:

Originally Posted by wada_guy

Hey everyone,

The weather was so nice this past Satruday, so I spent the entire day walking around and taking photographs. I'm very pleased with the results and I posted 2 pages of photos on my web site. They are from Mt. Vernon (where I started and ended), the old retail district, downtown, IH East, and Fort McHenry. My feet still hurt! Feel free to take a look.

The links to the pages are below. Enjoy!

http://www.baltimoreguy.com/5%20Phot...202005%201.htm

http://www.baltimoreguy.com/5%20Phot...202005%202.htm

Nice job, wada_guy! I can easily say that is hands down THE BEST collection of Baltimore photos that I have ever seen. Not only did you get just about every nook and cranny of the waterfront and other neighborhoods, but you did it with such an artistic presentation. Great job. I especially love that view of the downtown from the Marriot. The Roger B. Tawney next to the Power Plant really adds a nice touch from that view. Well done.

PeterSmith · November 9th, 2005, 04:09 PM

Have there are been any plans for the surface parking lot located along Pratt Street east of the Pier 5 Hotel and just north of Inner Harbor East? I believe it might serve as parking for the Columbus Center at the moment.

waj0527 · November 9th, 2005, 04:31 PM

Im pretty sure its apart of the RFP the City placed for the Columbus Center. IIRC, there were or are two proposals being considered. I cant remember the details though. It was in the Sun a few weeks back.

wada_guy · November 9th, 2005, 07:31 PM

Quote:

Originally Posted by PeterSmith

Nice job, wada_guy! I can easily say that is hands down THE BEST collection of Baltimore photos that I have ever seen. Not only did you get just about every nook and cranny of the waterfront and other neighborhoods, but you did it with such an artistic presentation. Great job. I especially love that view of the downtown from the Marriot. The Roger B. Tawney next to the Power Plant really adds a nice touch from that view. Well done.

Thank you for the kind words and review. I appreciate it!

Gsol · November 9th, 2005, 09:17 PM

Quote:

Originally Posted by wada_guy

Hey everyone,

The weather was so nice this past Satruday, so I spent the entire day walking around and taking photographs. I'm very pleased with the results and I posted 2 pages of photos on my web site. They are from Mt. Vernon (where I started and ended), the old retail district, downtown, IH East, and Fort McHenry. My feet still hurt! Feel free to take a look.

The links to the pages are below. Enjoy!

http://www.baltimoreguy.com/5%20Phot...202005%201.htm

http://www.baltimoreguy.com/5%20Phot...202005%202.htm

Wada_guy

Nice work, well worth the effort.

Just curious about a few things. Did the 414 Water St. sales office say anthing about other buildings going up? Specifically as you noted in your web page - an addition to the Lockwood site and/or the something planed for a parking lot nearby.

Some mentioned in a recent posting that heavy equipment was at the site or that the adjacent street was partically blocked. In any event there appeared to be the beginning of construction. Did you get any indication?

Hope you get to enjoy your new digs soon.

StevenW · November 9th, 2005, 09:47 PM

http://baltimore.bizjournals.com/bal...ml?jst=b_ln_hl

http://baltimore.bizjournals.com/bal...ml?jst=b_ln_hl

StevenW · November 9th, 2005, 10:01 PM

Awesome pictures, wada guy!

Thanks for taking your time and doing that. I know you must have been tired.
As said earlier, you take very good pictures.

scando · November 10th, 2005, 04:48 AM

The latest on the emerging story on the MTA's proposed Red Line for Baltimore -

http://www.gbc.org/news/October%2005...-CPHATrip.html

and

http://www.baltimoresun.com/news/tra...ocal-headlines

November 8th, 2005, 09:46 PM	#1
StevenW Born in Baltimore Join Date: Sep 2002 Location: Newberry, SC Posts: 10,650 Likes (Received): 13	Baltimore Development 8 And away we go....... __________________ Baltimore, my hometown.

November 8th, 2005, 10:25 PM	#3
StevenW Born in Baltimore Join Date: Sep 2002 Location: Newberry, SC Posts: 10,650 Likes (Received): 13	The Cordish site. __________________ Baltimore, my hometown.

November 9th, 2005, 12:25 AM	#5
StevenW Born in Baltimore Join Date: Sep 2002 Location: Newberry, SC Posts: 10,650 Likes (Received): 13	so MANY things going on in Baltimore! __________________ Baltimore, my hometown.

November 9th, 2005, 10:46 AM	#10
StevenW Born in Baltimore Join Date: Sep 2002 Location: Newberry, SC Posts: 10,650 Likes (Received): 13	Ditto! New sign of end to boom in housing Homebuilder Toll cuts sales forecast for 2006, but Md. outlook is good By June Arney and Lorraine Mirabella Sun reporters Originally published November 9, 2005 Toll Brothers Inc., a national homebuilder with a substantial presence in Maryland, cut its sales estimate yesterday for the coming fiscal year, noting softening of the market, construction backlogs and an expectation of more-moderate home price increases. It was the latest sign that the housing boom has passed its peak, although experts at two regional forums yesterday said Maryland is better protected from a cooling-off than other areas because of its tight housing supply and the expected arrival of tens of thousands of new defense jobs. "It's a slowdown, but there's cautious optimism for this market," John Kortecamp, executive vice president of the Home Builders Association of Maryland, said in an interview at his group's annual construction forecast conference. "With wages growing at such a modest but consistent rate and housing prices growing at a record pace for the past four years - over 20 percent a year - that's not sustainable. Something has to give, and it's given. We've hit it." Toll Brothers, a Fortune 500 company that conducts about one-third of its activity in the Mid-Atlantic region, reported record quarterly revenue yesterday but dropped its expected deliveries of new homes for next year by 400 to 700 homes. Toll's stock fell $5.50, or nearly 14 percent, to $33.91 yesterday, and an index of 16 builders compiled by Standard & Poor's tumbled 7.5 percent, the steepest decline since September 2001. Nationally, sales of new and previously owned homes are expected to fall 5 percent to 10 percent next year, said David Berson, chief economist at Fannie Mae, who spoke at the homebuilders event. Maryland's strong defense and biotechnology industries, coupled with the anticipated job growth from the realignment and closure of military bases elsewhere, are expected to help insulate the state, he said. Prices of commercial real estate properties are expected to peak next year, and investors are bracing for acceptable but lower returns on their investments, according to a 2006 forecast by the Urban Land Institute and Pricewaterhousecoopers. The report was the subject of a meeting of institute commercial real estate members in Baltimore yesterday. "We expect to ratchet down on returns," Peter Korpacz, who is in real estate business advisory services for PricewaterhouseCoopers, told the meeting. "There is a bias toward selling." Investors surveyed by PricewaterhouseCoopers expressed concern that high energy costs might boost expenses for landlords and cut into consumer spending and travel, hurting the retail and hotel-motel industries. The good news, Korpacz said, is that investment in commercial properties will remain strong in the coming year. "There just is a lot of money out there, and it will act as a backstop if some capital pulls away," Korpacz said. Investors are predicting more revenue growth from upscale hotels than in any other category of property, the forecast said. Real estate investment trusts and private funds are likely to continue to be strong buyers, while pension funds will continue to favor selling. Economist Anirban Basu, chairman and chief executive officer of Sage Policy Group Inc., also reported good news for Maryland in the residential real estate market, titling his talk: "The Beginning of the End? Not Necessarily in Maryland." Basu highlighted Hagerstown as one of the hottest housing markets in the country. Hagerstown reported an increase in appreciation approaching 30 percent - double the national average - from the second quarter of 2004 to the corresponding period this year. Washington reported 26.2 percent appreciation for that time period, and Baltimore reported 17.5 percent. Basu is more optimistic than some experts about real estate's continuing popularity as an investment. "Even as interest rates start to rise, real estate might not fall out of favor as much as you might think," he said. "I don't think people will lose interest in real estate that quickly. It's a tangible asset." Despite the recent increases in inventory, the number of houses on the market in the Baltimore region remains low, Basu said. And, given restrictions on building, the permits that builders do obtain are going to be used for higher-end housing, creating a significant gap in the type of housing available, he said. "What isn't going to be served is the middle market," he said. Housing costing just under $200,000 to $250,000 "is what isn't served. This has the potential to really limit our economic potential going forward." __________________ Baltimore, my hometown.

November 9th, 2005, 12:16 PM	#11
wada_guy Oh say can YOU see? Join Date: Feb 2005 Location: Baltimore Posts: 783 Likes (Received): 0	Hey everyone, The weather was so nice this past Satruday, so I spent the entire day walking around and taking photographs. I'm very pleased with the results and I posted 2 pages of photos on my web site. They are from Mt. Vernon (where I started and ended), the old retail district, downtown, IH East, and Fort McHenry. My feet still hurt! Feel free to take a look. The links to the pages are below. Enjoy! http://www.baltimoreguy.com/5%20Phot...202005%201.htm http://www.baltimoreguy.com/5%20Phot...202005%202.htm Last edited by wada_guy; November 9th, 2005 at 12:45 PM.

November 8th, 2005, 10:17 PM	#2
PeterSmith Registered User Join Date: Jul 2005 Location: Miami/Baltimore Posts: 4,176 Likes (Received): 25	Didn't even think we were close to 500 posts in #7 yet. Oh well. I'll repost my last comment on 7 to get things going here. ------ I think Canton Crossing will look better once the other structures are built. Think about any other highrise if it were in an area of noother highrises. It'll always stand out like a sore thumb. if Canton Crossing were in downtown, it might not look as bad. It could have been better though. Looks kind of suburban. Hopefully the other towers will vary in design and compliment one another with a lot of diversty. Also, I noticed today that there are cranes up at the Village Lofts across the street from the new JHU dorms on St. Paul St. I also saw a crane at one of the highrise condos on Charles St. in Guiford (I think that area is Guilford). Anyone know what that is about?

November 8th, 2005, 11:17 PM	#4
fluffyhorse Registered User Join Date: Oct 2005 Location: New York City Posts: 137 Likes (Received): 0	This is a repost since I was wondering about Albemarble Square and Jonestown development. I found this on baltimorehousing.com Overview: The U.S. Department of Housing and Community Development awarded the first HOPE VI grant to the Housing Authority of Baltimore City in May 1994. $31 million in HOPE VI funds, coupled with Partnership Rental Housing Program dollars provided by the State of Maryland, funded the construction of 201 public housing rental townhomes, a public housing senior mid-rise building with 110 units, and the construction of 27 for-sale fee simple townhomes. A recreation center, day care building, and community building are also located on-site. Neighborhood: Jonestown Completion Date: January 1998 Owner: Housing Authority of Baltimore City Developer: A&R/Harkins Joint Venture Architect: TortiGallas Builder: Harkins Builders Total Project Investment: $72 million Public: $72 million $31 million HOPE VI (Federal) $18.5 million Comprehensive Grant Program (Federal) $7.2 million Section 108 (Federal) $15 million Partnership Rental Housing Program (State) Site Size: 21.5 acres Units Demolished: 816 Total New Residential Units: 338 Public Housing: 311 units (includes 110 units elderly housing) Market Rate Homeownership: 27 units Other Uses: 26,100 square foot recreation center 16,471 square foot day care building 16,400 square foot community building I also found that Beazer Homes is currently selling townhomes in Albemarble Square for over $300,000 http://www.beazer.com/findHome/hous...ommunityid=1788 I dont know when the Flaghouse Courts Highrise public housing was demolished, but is the current project turning a previous public housing project into rentals and market rate housing? I cant imagine more public housing in an area that is ripe for redevelopment, with rising land values and a close proximity to Little Italy. Is it a plan to reduce the amount of public housing to only 33%, instead of the higher figure in the 1998 construction?

November 9th, 2005, 01:10 AM	#6
Expat Registered User Join Date: May 2005 Location: Greater Boston Posts: 1,040 Likes (Received): 0	^Yeah, there is a lot going on. You guys never run out of things to talk about

November 9th, 2005, 01:24 AM	#7
StevenW Born in Baltimore Join Date: Sep 2002 Location: Newberry, SC Posts: 10,650 Likes (Received): 13	yeah, and this month should be pretty special. the 414 light street proposal should be announced officially. hopefully we'll get a new tallest out of this one. __________________ Baltimore, my hometown.

November 9th, 2005, 06:17 AM	#9
robert parsons Registered User Join Date: Jul 2004 Location: Asheville(baltimore @ Heart) Posts: 242 Likes (Received): 0	i think that cordish is very excited that he is finnally going to get his tall tower built. for a couple of years he was trying to get a office and hotel built where the bccc old biulding was and lost that battle. i just pray this project goes through!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

November 9th, 2005, 04:09 PM	#14
PeterSmith Registered User Join Date: Jul 2005 Location: Miami/Baltimore Posts: 4,176 Likes (Received): 25	Have there are been any plans for the surface parking lot located along Pratt Street east of the Pier 5 Hotel and just north of Inner Harbor East? I believe it might serve as parking for the Columbus Center at the moment.

November 9th, 2005, 04:31 PM	#15
waj0527 Registered User Join Date: Apr 2004 Location: Baltimore Posts: 2,098 Likes (Received): 3	Im pretty sure its apart of the RFP the City placed for the Columbus Center. IIRC, there were or are two proposals being considered. I cant remember the details though. It was in the Sun a few weeks back.

November 9th, 2005, 09:47 PM	#18
StevenW Born in Baltimore Join Date: Sep 2002 Location: Newberry, SC Posts: 10,650 Likes (Received): 13	http://baltimore.bizjournals.com/bal...ml?jst=b_ln_hl http://baltimore.bizjournals.com/bal...ml?jst=b_ln_hl __________________ Baltimore, my hometown.

November 9th, 2005, 10:01 PM	#19
StevenW Born in Baltimore Join Date: Sep 2002 Location: Newberry, SC Posts: 10,650 Likes (Received): 13	Awesome pictures, wada guy! Thanks for taking your time and doing that. I know you must have been tired. As said earlier, you take very good pictures. __________________ Baltimore, my hometown.

November 10th, 2005, 04:48 AM	#20
scando Registered User Join Date: Jun 2004 Location: Baltimore, Maryland Posts: 4,203 Likes (Received): 11	The latest on the emerging story on the MTA's proposed Red Line for Baltimore - http://www.gbc.org/news/October%2005...-CPHATrip.html and http://www.baltimoresun.com/news/tra...ocal-headlines

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