A $1 billion redevelopment plan called the New East Baltimore Community is going live in East Baltimore under a push by the Housing Authority of Baltimore City and several private developers. The plan covers almost 200 acres between Harbor East and Johns Hopkins Hospital and includes the demolition of 1,300+ public ousing units and a school.
Grant financing being used for the project requires at least one-for-one housing replacement, so the first phase will be to build affordable housing for residents of 2 existing housing projects. A total of 2,500 new units could be constructed, split between market-rate, affordable and public housing.
The initial project covers 80 acres of the project and is being created by Forest City Development and Presidential Partners, a group of minority Baltimore developers. This phase will includes the 1.1 million sq.ft. at the Science + Technology Park at Johns Hopkins, up to 75,000 square feet of retail space and over 900 new and renovated homes for mixed-income buyers and renters. The project is also expected to create 4,000 – 6,000 new jobs.
The Science + Technology Park at Johns Hopkins has five research and office buildings planned and will serve as an anchor where bioscience companies can draw on the resources of Johns Hopkins, the University of Maryland, and nearby state and governmental research facilities.