The Real Estate Wonk: New homes planned -- yes, really - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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January 25, 2008

New homes planned -- yes, really

Proof that not all residential developers are fleeing the business: Lorraine Mirabella reports today that Baltimore-based New City Partners is buying land in the city's Washington Village neighborhood (or Pigtown, depending on your preference) with plans for 99 townhouses and condos:

The developer is also planning to revitalize a block in the neighborhood's commercial district along Washington Boulevard.
The developer, who unveiled the project yesterday before a city design panel, expects to build a mix of housing types and price ranges that would be affordable to working-class families, said managing partner Kirsten Brecht. She said the company expects the housing market to turn around by the time the houses are ready for sale, currently projected to be in 2010.

Posted by Jamie Smith Hopkins at 8:58 AM | Permalink | Comments (1)

Comments

I love pigtown as a baltimore neighborhood; some commercial development is exactly what it needs. I hope to buy a house there soon.

Posted by: KB | January 25, 2008 11:07 AM

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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