In June, Caves Valley Partners (CVP), the developers of the $250 million mixed-use Stadium Square development in South Baltimore, announced a four- to five-story apartment building on the 1100 block of Leadenhall St. that includes 6,000 sq. ft. of ground floor retail. With hopes of making the apartments affordable housing, CVP has reached a partnership with The Baltimore Station (TBS) to provide affordable units for veterans.
Started 26 years ago, TBS is “an innovative therapeutic residential treatment program supporting veterans and others who are transitioning through the cycle of poverty, addiction and homelessness to self sufficiency.” It has a facility at 140 W. West in South Baltimore, adjacent to Stadium Square, as well as a facility in Sandtown Winchester.
“The Baltimore Station has been a community member in South Baltimore for 26 years and has a long-running history serving the homeless population. We are thrilled to be part of the exciting Stadium Square redevelopment happening in our community to ensure that we don’t forget those that are most needy,” TBS Executive Director John Friedel told SouthBMore.com.
Stadium Square will cover three consecutive blocks of South Baltimore in Sharp-Leadenhall and the South Baltimore Neighborhood located between Cross St. on the north, Race St. on the east, Leadenhall St. on the west, and both sides of Ostend St. to the south. The new veteran housing building will share the northern most block of the development with an apartment building by the Hanover Co., which will include 293 market-rate apartments, 14,000 sq. ft. of retail, and 450-500 parking spaces.
CVP’s new apartment building will repurpose five existing historic rowhomes and two city lots at the corner of Cross and Leadenhall. The facades of the five rowhomes will be kept and behind them a new four- to five-story, 28-50-unit apartment building with the 6,000 sq. ft. of retail space will be constructed. The units will include many studios and one-bedroom apartments. The building will also cover the parking decks on Hanover’s project, which was a concern of Urban Design & Architecture Review Panel (UDARP) panelists when the project was first presented.
“We were trying to figure out what to do there and we originally considered an office building, but we knew it made sense to have retail at that corner to continue the flow from Cross St. into Solo Gibbs Park,” said Arsh Mirmiran of CVP. “The community wanted retail there as well.”
“As veterans graduate from TBS, this can be the next place they live, while still getting services in the neighborhood,” said Mirmiran. “Once they are completely back on their feet they can move on to other options in the housing market.”
Mirmiran noted that veterans outside of the TBS program would also be eligible for the units.
With the retail spaces facing Solo Gibbs Park, Mirmiran told SouthBMore.com the space would be ideal for a restaurant or coffee shop.
CVP is currently working with partners on figuring out the financing of the project to keep the apartments affordable and a final budget has not yet been determined. CVP is hoping to break ground in about a year with delivery expected around mid to late 2017.
Demolition has already taken place to make room for Hanover’s project and construction is expected to start any day. A six-story 60,000 sq. ft. office building on the 100 block of W. Ostend St. will also begin construction in the next few months. The building will be the future home of United Way of Central Maryland, which will be leasing 27,000 sq. ft. CVP also recently acquired an adjacent 1.3 acre lot where CVP is in the planning stages for another office building.
Phase III of Stadium Square on the 1200 blocks of Race and Leadenhall St. will have the largest retail component of the project. Demolition has taken place to clear the area for development.
via http://southbmore.com/2016/01/25/caves-valley-partners-and-the-baltimore-station-team-up-on-veteran-housing-at-stadium-square/
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