BDC reviews six proposals for Gay Street properties near Power Plant Live – Baltimore Business Journal

BDC reviews six proposals for Gay Street properties near Power Plant Live - Baltimore Business Journal

A string of three historic city-owned properties near the Power Plant Live entertainment hub downtown could be redeveloped into a hotel, apartments, retail or office space under plans revealed Thursday by the Baltimore Development Corp.

The BDC’s board unveiled the six plans for 17-23 S. Gay St. sent in last year in response to a request for proposals. The properties also include a flat-surface parking lot at 10 S. Frederick St. now being used as an overflow lot by the Baltimore Police Department headquarters nearby. A similar RFP issued by the BDC in 2015 resulted in only one response.

The proposals outlined were:

Razing the buildings and replacing them with a 120-room Choice HotelRedeveloping the “City Lofts” apartments with 50 one and two-bedroom unitsRedeveloping the “Homeport Apartments” with affordable and subsidized units Redeveloping “Gay Street Commons,” a 58-unit apartment development with 3,700 square feet of retailRedeveloping “Guardian House” with 67 apartments and 6,000 square feet of retail with a portion of the apartments set aside for city employees who would be offered reduced rentsRedeveloping the buildings into a mixed-use hub with rental units, market-rate condominiums, retail and office space.

After the six plans were detailed to the board, the group voted to close the meeting to the public, saying the financial details warranted that action under the Maryland Open Meetings Act.

In the closed session, the board voted to endorse one of the six plans, but afterwards BDC spokeswoman Susan Yum declined to reveal which of the plans was approved.

“What’s been voted on in closed session stays in closed session,” Yum said when asked for an update on the RFP.

Miriam S. Fuchs, an attorney and development director at the Baltimore Regional Housing Partnership Inc. and chairwoman of the BDC board’s Project Review Committee, also declined to identify the plan approved by the board after the vote.

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