The multi-structure residential development will sprout up on Broadway and Fayette streets in place of the 30-year-old Broadway Homes complex that was demolished two years ago down the road at Broadway and Orleans streets. The location of the new complex will sit on land formerly owned by neighboring Johns Hopkins University. Baltimore traded the old housing project parcel for the Johns Hopkins land, known as the old Church Home Hospital site. Hopkins will eventually erect office and parking space on its space.

Upon completion, Broadway Overlook will offer 34 homes for sale and 132 rental townhomes, 42 of which will be reserved for low-income residents. An additional 42 rental units will be designated for moderate-income renters and the remaining 48 units will be rented out at market rates for middle-income dwellers. "It's in keeping with the Hope VI idea of renovating blighted high-rise housing and replacing them with garden-style and townhouse buildings that have all the social amenities like green space and playing areas," Housing Authority of Baltimore City Office of Communications deputy director John Milton Wesley tells GlobeSt.com. "There will also be job assistance on-site and in the surrounding neighborhood."

Project participants include the Maryland Department of Housing and Community Development, Fannie Mae, and Sun Trust Bank. The Maryland Community Development Administration issued $8.1 million in bonds to help fund the project. "This bold development will break the mold of traditional mixed-income communities," Baltimore mayor Martin O'Malley says in a statement at the groundbreaking. "We are setting a high standard where the size of the development, its central location, the dominance of new construction, decreased density and increased green space will create positive change."