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BALTIMORE-Moving forward with its planned revitalization of the area recently designated as the Station North Arts and Entertainment District, the Baltimore Development Corp. has settled on one of three proposals for the redevelopment of two vacant lots in the area. Station North Development Partners LLC--consisting of Tower Hill Development & Consulting LLC, developer the Miller Group, Stephen A. Masciola and Michael and Alan Shecter--will develop a mixed-use project called Chesapeake Square on the site. The reported price tag for the project is $40 million to $50 million.

Chesapeake Square will occupy lots in the Charles/North Urban Revitalization Area that are presently home to the 20,300-sf former Chesapeake Restaurant structure, a 7,000-sf parking lot and two vacant townhouses on a 7,000-sf space. The developers will replace the structures and spaces with a renovated Chesapeake Restaurant building and new structures that will contain a 91-unit residential element atop a 20,000-sf retail segment and 15,000 sf of office space. There will also be a 190-space parking facility as well as five artists' lofts and 11 additional townhouses. The Schuler School of Fine Arts will occupy office space at the development and an art gallery and ice cream shop will occupy retail space.

"Station North Development Partners have proposed a mixed-use project that will build upon existing community strengths and bring new life to the southern gateway of the city's Station North Arts and Entertainment District," says MJ Brodie, president of BDC. "This major redevelopment for Charles/North will serve as a catalyst for future development projects."