Land Sale Facilitates $32M Mixed-Use Project

BALTIMORE-Plans for a mixed use development that could be as large as 511,000 sf have received a push forward now that the city’s Board of Estimates has given the Baltimore Development Corp. the go-ahead to sell a 51-acre parcel to Hollander Rock LLC, a partnership involving developers Dean Harrison, Mark Levy, Mark Shapiro and investor Ronald Lipscomb. Hollander Rock will purchase the vacant property–once home to the 1,000-unit Hollander Ridge public housing complex, which was demolished in 2000–for $4 million.

On the empty space, the partnership will erect a five-structure development that will feature office, flex, industrial and retail space. With the land acquisition agreement in hand, Hollander Rock plans to kick off construction of the project this summer.