Continuing to stimulate new investment and job creation with the use of development opportunities, the Baltimore Development Corporation (BDC), on behalf of the City of Baltimore, has issued a Request for Proposals (RFP) for the purchase and redevelopment of city-owned properties on S. Gay Street and a surface parking lot on S. Frederick Street in Baltimore’s Central Business District.

The properties are the following:

  • 17 S. Gay Street is five stories, approximately 2,854 square feet
  • 19 S. Gay Street is an estimated 4,928 square feet and four stories
  • 23 S. Gay Street is five stories, roughly 6,142 square feet
  • A surface parking lot at 10 S. Frederick Street

The first three buildings have basements and are vacant, contiguous properties. The surface parking lot, which is estimated at approximately 2,557 square feet, is in the rear of 17 S. Gay Street and is currently used as a surface parking by the Baltimore City Police Department.

BDC is seeking proposals from qualified developers for the purchase and redevelopment of the properties. Proposals that encourage re-use of the parcels in a fashion that achieves the city’s objectives of job creation, tax generation and adaptive reuse that fit within the context of the Central Business District are sought.  Redevelopment of all four properties by a single development team is preferred.  Preservation of individual buildings on the site (where possible), with emphasis on retaining significant architectural components is recommended.  A project that promotes active street level and increases local foot traffic is encouraged.

“This is a very attractive redevelopment opportunity in a prime location that we expect will draw special interest from the development community,” said BDC President & CEO William H. Cole.  “We look forward to receiving proposals that will bring an exciting new project to the Central Business District that complements existing developments and builds upon the growing momentum.”

The site is zoned B-5-2 and is bounded to the north by Baltimore Street, to the south by Water Street, to the east by South Frederick Street, and to the west by S. Gay Street. The properties are located in the city’s Enterprise Zone and are eligible for certain tax credits.

Downtown Baltimore’s economy is thriving and remains the center of the city’s economic, educational, cultural, and recreational activities.  The Inner Harbor is two blocks south of 17-23

South Gay Street, and two blocks east is Power Plant Live, one of Baltimore’s premier dining

and entertainment destinations.  New construction is complete on the ground level of the 400

East Pratt Street Tower, consisting of a 22,000 square feet expansion that includes M&T Bank, and well-known national retailers, Chick-fil-A, Nalley Fresh, Shake Shack and CVS, which is also south of the Gay Street properties.

The properties are located within a one-mile radius from Pratt and Light Streets.  According to a 2014 Claritas analysis, total consumer spending within a mile radius was $103,535,000 and total sales were $252,829,000.

The RFP can be downloaded from BDC’s website at www.baltimoredevelopment.com/rfps.

BDC will hold a pre-proposal conference at the site on Monday, June 15, 2015.  Deadline for submission of proposals is 4:00 p.m. on Friday, August 21, 2015.