City Organization Helps in $14M Belvedere Square Restoration

BALTIMORE, MD-The $14-million planned upgrade of Belvedere Square gets a much-needed boost with news that the Baltimore Development Corp. has secured approval from the County Board of Estimates to help move the project forward. BDC will orchestrate nearly $1 million in infrastructure and capital improvements attached to the renovation of the 101,000-sf retail center. Struever Bros. Eccles & Rouse Inc., Manekin Corp., Hawkins Development Group, and Williams Jackson Ewing are the property owners and are behind the massive restoration endeavor.

Built 16 years ago, Belvedere Square was a neighborhood hit when it first opened. However, the open-market style shopping center soon fell victim to a loss of tenants due to high leasing prices. The owners now plan to restore the center’s popularity with major site improvements, as well as the addition of a 20,000-sf market. “A revitalized Belvedere Square is a major plus for the city and a major anchor for north Baltimore,” BDC president MJ Brodie notes. “Property values and tax assessments for commercial and residential properties will rise, and new retailers and services will strengthen the surrounding communities.”